MILAN, July 12 (Reuters) – Italian banks must improve the quality of bad loan data and use them to understand when to raise provisions on debts which are yet to be declared insolvent, the central bank governor said on Wednesday. A harsh recession which ended in 2014 saddled Italian banks with impaired debts that are…
The chief executive of the Swedish security firm Securitas was declared bankrupt this week after his identity was stolen. Securitas CEO Alf Göransson had his personal identification stolen at the end of March, when someone applied for a loan in his name, the company said in a statement. The hacker used Göransson’s identification to seek…
Everyone is at risk of cybercrime, but it must really sting if you’re hacked while running the biggest security firm in the country. That’s what happened to Alf Göransson, chief of Swedish company Securitas, who was declared bankrupt this week after his identity was hijacked. Reports indicate an unidentified culprit used the CEO’s stolen details…
NEW DELHI: The National Company Law Tribunal (NCLT) today issued notices to Bhushan Steel Ltd and Bhushan Steel and Power Ltd over insolvency proceedings initiated by their lenders State Bank of India and Punjab National Bank. The Principal Bench of the NCLT headed by its President Justice M M Kumar has directed Bhushan Steel and…
Blackpool has the tenth highest insolvency rate in the country according to new figures which showed a rise nationally for the first time since 2007. Seaside towns continued to be personal insolvency hotspots in 2016, while the lowest rates were in parts of London and the South East. Torbay, Blackpool, Scarborough and Plymouth were among…
Fans have been left fuming and hundreds of pounds out of pocket after convention company WCM Events Ltd ceased trading despite taking money for future events and owing fans refunds. The company issued a statement on its website announcing the move with an apology from the director Jennie Glover, who took over in May this…
By MailOnline Reporter Published: 01:21 +10:00, 14 July 2017 | Updated: 01:59 +10:00, 14 July 2017 e-mail 4 View comments She previously broke down in tears in January on Loose Women while discussing her bankruptcy woes. And now Gail Porter has reflected on her turbulent year and has revealed how it really felt facing up…
PUBLISHED: 14:35 13 July 2017 | UPDATED: 14:59 13 July 2017 Duncan Brodie There were 34.8 personal insolvencies per 10,000 adults in the Ipswich borough last year. Picture: Dominic Lipinski/PA Wire Archant Ipswich had one of the highest personal insolvency rates in England and Wales last year, according to newly compiled figures. The borough ranks…
But fans have been left angry and out of pocket after many of them had already paid for future events by bank transfer. WCM Events, which traded as Rogue Events, held the Telford Fan Zone and City of Heroes events at the Telford International Centre in May. Celebrities who were supposed to be in attendance…
By Press Association Published: 21:48 +10:00, 13 July 2017 | Updated: 21:49 +10:00, 13 July 2017 e-mail Women are increasingly more likely than men to see their finances deteriorate so badly that they become insolvent, official figures show. The rate of female insolvencies across England and Wales first overtook that for men in 2014 and…