FILE PHOTO: The U.S. Department of Justice headquarters building in Washington Thomson Reuters NEW YORK (Reuters) – The U.S. Department of Justice on Friday announced the indictment of six people and four corporate defendants, including London-based brokerage Beaufort Securities Ltd, over their alleged roles in international securities fraud and money laundering schemes totaling more than…
The British division of toy store chain Toys R Us has filed for bankruptcy, endangering more than 3,200 jobs. The chain’s American and Canadian stores were already declared bankrupt last year. Restart Toys R Us operates 105 stores in the United Kingdom and employs more than 3,200 people. The stores will remain open for the time being,…
Mark Vandevelde and Naomi Rovnick in London February 28, 2018 Electronics chain Maplin collapsed into insolvency on Wednesday, making it the second retailer to succumb to a brutal winter for Britains consumer economy in the space of just over an hour. Graham Harris, who became chief executive only last month, said: I can confirm this…
Hannah Murphy in London March 2, 2018 Beaufort Securities, the struggling City broker, has been declared insolvent by the UKs financial watchdog. The move came after the Financial Conduct Authority carried out an assessment of the finances of the small-cap stockbroker, which caters largely to retail clients, and Beaufort Asset Clearing Services, its corporate client…
Toy store chain Toys R Us British division has filed for bankruptcy and that may put more than 3,000 employees in the United Kingdom out of work. The guardian hopes the chain can restart. Restart Toys R Us operates 105 stores in the United Kingdom and employs more than 3,200 people. The store network will…
JSW Steel is all set to sign a term sheet with Algerias Cevital to buy Italys second largest steel firm Aferpi for almost Rs. 600 crore JSWs senior officials are in Italy and a term sheet is likely to be signed tomorrow, a source told The Hindu. The government will announce the deal after the…
BLP hints at contents of PAC report The Opposition Barbados Labour Party (BLP) is alluding to unprecedented horrors and scandals in the report on the investigation by the Public Accounts Committee (PAC) of Parliament into the operation of the National Housing Corporation (NHC). The report was the subject of much controversy last week with Acting…
BLP hints at contents of PAC report The Opposition Barbados Labour Party (BLP) is alluding to unprecedented horrors and scandals in the report on the investigation by the Public Accounts Committee (PAC) of Parliament into the operation of the National Housing Corporation (NHC). The report was the subject of much controversy last week with Acting…
Issues surrounding distressed debt are growing in importance but, as Alan McGee points out, a number of schemes are already in place that can lead to equitable solutions THE recent controversy over the impending sale of non performing loans by PTSB, AIB and Ulster Bank has once again raised public awareness of dealing with distressed…
HE is infamous for deceit and duplicity, but managed to avoid jail time after a Sydney District Court judge this week found him to be of good character. Now the Newcastle Herald can reveal the evidence that helped con man Lemuel Page keep his freedom. Nine character references supplied to Judge Julia Baly, SC, were instrumental in helping her…