Insolvency is often a direct result of financial instability, poor cash-flow and mounting debts. Although cash flow is a principal factor for evaluating a companys insolvency, there are many other elements which can contribute to your poor financial condition. Business insolvency is certainly the last term you would want to hear. This happens when…
Global security group Securitas has revealed that its chief executive was declared bankrupt this week after his identity was hacked. In a particularly embarrassing disclosure, the Swedish company told the local stock exchange that its chief executive Alf Göransson was robbed of his personal identification when a person made a loan application in his name.…
The 20-time English champions have made some amazing signings over the years, but they have not been without their bloopers in the market either Some of the signings made by Manchester United over the course of the last 30 years have changed the football world as we know it. But for every Cantona there is…
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 man running Swedens biggest security firm was declared bankrupt this week after his identity was hacked. Though the sub-optimal branding implications were hard to miss, Securitas AB hopes to have put the whole awkward incident behind it by the end of the day. The most important business stories of the day. Get Bloomberg’s daily…
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 Taling Chan Court issued the arrest warrants on Tuesday for Pisit and two women identified as Pornpaveen Chukaew and Thitapa or Pattharawadee Sawasdee, Sanit said. Pasit and Pornpaveen were accused of forging and using forged document to cheat Pasit’s pro-bono client Porntip Chantharat, 44, and her wheelchair-bound 14-year-old daughter Pattarada Beam Kaewpong out…
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…
Beena Parmar Moneycontrol News The Gujarat High Court will be hearing Essar Steel’s plea today challenging the Reserve Bank of India’s order directing lenders to refer the debt-laden company to the National Company Law Tribunal. In many ways, the verdict will have a bearing on the future course of resolution proceedings under the Insolvency and Bankruptcy…
STOCKHOLM–Securitas AB (SECU-B.SK) Chief Executive Alf Göransson has been declared bankrupt after falling victim to identity theft, the Swedish security company said Wednesday. A fraudulent loan application was made in Mr. Göransson’s name after his personal identification was stolen at the end of March this year, Securitas said in a statement. Despite reporting the incident…