The United States (US) Department of the Treasury (US Treasury) announced on Wednesday that it will double the size of some of its buyback operations aimed at supporting liquidity in the longer-dated Treasury securities market. According to a statement reported by Reuters, the Treasury will increase liquidity support buybacks for longer-dated nominal coupon securities from…
The National Insurance Commission (NAICOM) has cancelled the operating licence of Universal Insurance Plc and appointed a receiver/provisional liquidator to take control of the insurer’s assets and begin the process of winding up its affairs. The action, which took effect on August 14, 2026, followed the insurer’s failure to meet the minimum capital requirement (MCR)…
The Reading Housing Authority is asking the city to release a $1.475 million debt tied to the River Oak Apartments, saying doing so would clear the way for badly needed renovations to the 72-unit affordable housing complex. Authority President and CEO Stacey J. Keppen and authority solicitor Edwin L. Stock made the request to City…
Federal law puts important restrictions on when third-party debt collectors can communicate with borrowers. Getty Images/iStockphoto With U.S. household debt still elevated and credit card balances totaling $1.26 trillion in the second quarter of 2026, millions of borrowers are not just struggling to make their monthly payments, but are now dealing with past-due balances. After…
The rapid growth of U.S. dollar-backed stablecoins has moved them from the margins of the cryptocurrency ecosystem into the center of debates about the future of money and payments, the global role of the dollar, and the U.S. fiscal position. The passage of the GENIUS Act in 2025 created the first comprehensive federal framework for…
“These prolonged timelines highlight the impact of ageing cases, litigation and procedural bottlenecks on recovery efficiency,” it pointed. Even as delays remained a challenge, recoveries under IBC improved sequentially in the April-June quarter, with financial creditors recovering 28.6% of admitted claims, compared with 22.8% in the January-March quarter. During the quarter, financial creditors realised Rs.…
End of the line for 143 businesses in South Africa businesstech.co.za Read the original article here
The National Company Law Tribunal (NCLT) has initiated the Corporate Insolvency Resolution Process (CIRP) against Talent Unlimited Online Services, the parent entity of AI-powered conversational platform Bobble AI. The New Delhi bench of the tribunal passed the order on June 12 following an insolvency petition filed by Axis Trustee Services, acting on behalf of debenture…
It comes after the director of Bailiot Limited, with a trading name of The Buf, spoke of “the difficult decision to close our doors”. Karen Finnie, director, announced the planned closure last month. Now a liquidator has been appointed to the company trading in Prestwick. Companies House documents shows a special resolution “that the company…
New Delhi: Krafton-backed Bobble AI entered the Corporate Insolvency Resolution Process (CIRP) after the National Company Law Tribunal (NCLT) admitted an insolvency petition against its parent company, Talent Unlimited Online Services, according to news reports. The NCLT’s New Delhi bench passed the order on June 12 on a petition filed by Axis Trustee Services, which…