Southsea bank declared insolvent | Banking

For the first time since the 2008 banking crisis, the government has not stepped in to provide a blanket guarantee for all the savings at a failed bank. As the repercussions of the banking crisis reached Havant, in Hampshire, where a small bank was declared insolvent on Thursday, the 250 or so depositors were left…

Dartmouth furniture maker declared insolvent

Listen to this article Estimated 2 minutes The audio version of this article is generated by AI-based technology. Mispronunciations can occur. We are working with our partners to continually review and improve the results. Dartmouth furniture manufacturer Scanwood Canada Ltd. — a supplier of cabinets to Swedish retailer Ikea — was formally declared insolvent Wednesday…

Great Southern declared insolvent – ABC News

Australia’s largest agricultural funds manager, Great Southern Limited, has been declared insolvent. The collapsed agribusiness into voluntary administration in May with $700 million of debt. In a letter to investors this week, receivers McGrathNicol said there was no money left to meet the company’s day-to-day operating costs or make lease payments to landowners. McGrathNicol said…

Mimi Macpherson declared bankrupt – ABC News

The bankrupt sister of supermodel Elle Macpherson has only $8 in the bank and owes more than $300,000, documents show. Mimi Macpherson, 41, declared herself bankrupt this week, just days before she was due to appear in court for a bankruptcy hearing. Melbourne architecture company Omiros One was seeking to have Macpherson declared bankrupt for…