Ex-Premier League star avoids jail after bankruptcy – 'I let my family down' – The Mirror

Former West Ham and Blackburn star Lucas Neill has said he “learned the hard way” after poor financial advice led him down the path to bankruptcy. The Australia international defender made more than 250 Premier League appearances, captaining the Hammers and also wearing the armband for his country. However, after being declared bankrupt in the…

Alarm bells are ringing louder in China as its financial cancer spreads – Sydney Morning Herald

November 27, 2023 11.58am November 27, 2023 11.58am Normal text sizeLarger text sizeVery large text size The self-declared severely insolvent status of one of Chinas largest shadow banks has revealed another crack in a financial system stressed by abrupt and disruptive shifts in the countrys economic growth model and trajectory. Last week, Zhongzhi Enterprise Group…

Benko's 23 Billion Empire Starts Crumbling With Insolvency (2) – Bloomberg Law

A unit of <-bsp-bb-link state=”{“bbHref”:”bbg://securities/8133156Z%20AV%20Equity”,”_id”:”0000018c-02a7-de26-a7ec-3eb749850000″,”_type”:”0000016b-944a-dc2b-ab6b-d57ba1cc0000″}”>Signa Prime Selection AG</-bsp-bb-link> filed for insolvency in a Berlin court on Friday, Der Spiegel said, indicating efforts to save the sprawling property and retail conglomerate are faltering. Signa Real Estate Management Germany GmbH couldnt meet its payment obligations, the German magazine said, citing a request submitted by the company. The…

China Opens Probe of Indebted Asset Management Firm – Voice of America – VOA News

Beijing   Chinese police have opened an investigation into Zhongzhi Enterprise Group after the debt-ridden financial giant declared itself insolvent. Police in Beijing, where the group is headquartered, said late Saturday they had opened an investigation into unspecified “alleged offenses,” adding that they had taken measures against several suspects. Zhongzhi declared itself insolvent Wednesday with…

ASIC heaps ban and disqualification on ex-Magnolia Group director – Real Estate Business

The former Magnolia Group director infamous for his spat with ASX-listed The Agency has been placed under a 10-year ban from providing financial services. The Australian Securities and Investments Commission (ASIC) has recently disqualified money manager Mitchell Atkins from managing any corporations for the next five years. Mr Atkins has also been banned from providing…