Iran declared one of the country’s largest private banks bankrupt with its assets absorbed by the state, official media reported Saturday, in a rare move in the country grappling with international sanctions. Founded in 2012, Ayandeh Bank had a network of 270 branches across the country, including 150 in the capital Tehran alone. But it…
Social media has become the go-to place for quick financial fixes, but new research reveals just how dangerous debt advice on social media can be. A joint study from credit management company Lowell and free debt advice provider Money Wellness found that almost two-thirds (64.22%) of debt advice circulating on TikTok, Facebook, and Reddit is misleading, while…
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…
Administrators are on standby this weekend to handle the collapse of Petrofac, the oil and energy services group – an insolvency which could threaten the future of more than 2,000 jobs in Scotland. Sky News has learnt that directors of Petrofac have lined up Teneo for an administration process which could be confirmed as early…
Major Iranian Bank Declares Bankruptcy, Sparks Financial Alarm Panic erupted across Tehran on October 25 after Ayandeh Bank, one of Iran’s largest private lenders, was officially declared bankrupt, leaving depositors in long queues amid fears of losing billions in savings. The bank’s collapse, which has left it with more than $5.2 billion in losses, delivers…
Decades after a crackdown by prosecutors decimated the ranks of the New York Mafia, the indictment of an NBA coach, a player and nearly three dozen others in a betting scandal highlighted the mob’s persistence and adaptability to changing times and technology. Four of New York’s five organized crime families allegedly participated in the sophisticated rigging of high-stakes poker games that…
Lim Hyo-sung, a former basketball player, confessed his conflict with his wife, Shu. On the 24th, on the YouTube channel ‘Human That’s Shoo’, the second episode of marital counseling! Let’s see…Will counseling be helpful?A video titled ‘ was posted. Lim Hyo-sung and his wife went to counseling last week. The two decided…
Let’s talk straight: life in South Africa is financially brutal right now. Food prices are climbing, electricity is unpredictable, and jobs are scarce. For many, the pressure is relentless. So when gambling flashes its neon promises, quick wins, instant cash, a way out, it’s tempting. But here’s the truth: gambling is not a financial strategy.…
Let’s talk straight: life in South Africa is financially brutal right now. Food prices are climbing, electricity is unpredictable, and jobs are scarce. For many, the pressure is relentless. So when gambling flashes its neon promises, quick wins, instant cash, a way out, it’s tempting. But here’s the truth: gambling is not a financial strategy.…
The Insolvency and Bankruptcy Code (Amendment) Bill, 2025 aims to increase efficiency, speed and transparency. On the surface, the move to speed up and increase certainty in India’s insolvency regime appears to be the change we have been asking for. Reducing delays, strict deadlines and empowering creditors are the goals. However, if we look a…