Chancellor update on Silicon Valley Bank UK

An update from Chancellor Jeremy Hunt on Silicon Valley Bank UK This was published under the 2022 to 2024 Sunak Conservative government The Bank of England announced on Friday that Silicon Valley Bank UK is set to enter insolvency, following action taken by its parent company in the United States. The Bank of England confirmed…

Bruno Mars Referenced $50M Gambling Debt Rumor

Bruno Mars Referenced $50M Gambling Debt Rumor Bruno Mars certainly sees the funny side to all those rumors about his finances. Given that Bruno is known to play poker, the rumors didn’t take long to gain traction online. However, the claims were soon debunked when a spokesperson for MGM Resorts International told BuzzFeed that “he…

Debt management plans available to Floridians

One man says working with a debt management nonprofit helped reduce his payments and get him back on track. TAMPA, Fla. — According to a new report, total credit card debt nationwide hit a record $1.14 trillion in the second quarter of 2024.  That’s up by about $27 billion compared to just one year ago with…

Supreme Court keeps Biden’s SAVE plan blocked for now

The Supreme Court refused Wednesday to overturn an appeals court order that’s blocked the Biden administration’s latest effort to make student loan payments more affordable. Andrew Caballero-Reynolds/AFP via Getty Images The Biden administration’s new loan-repayment plan remains on hold this week after the U.S. Supreme Court declined to lift an injunction blocking the plan. On…

Lorraine Lea Linen enters voluntary administration

An iconic Australian linen retailer has collapsed after almost 40 years. Lorraine Lea Linen entered voluntary administration on Monday, appointing Andrew Yeo and Tim Bradd of insolvency firm Pitcher Partners Melbourne as administrators. “Lorraine Lea Linen is an iconic National brand that many Australians have in their homes,” Yeo told 7NEWS.com.au. Know the news with…

Yongnam Holdings Moves into Liquidation Phase

Yongnam Holdings Limited (SG:AXB) has released an update. Yongnam Holdings Limited and its subsidiary, Yongnam Engineering & Construction (Private) Limited, are in liquidation following a High Court order. The liquidation proceedings follow the discharge of the judicial managers and the appointment of new liquidators from KPMG Services Pte. Ltd. The company is also updating stakeholders…