The Financial Conduct Authority (FCA) has declared troubled wealth firm Beaufort Securities Limited (BSL) and sister company Beaufort Asset Clearing Services Limited (BACSL) insolvent. The high court has appointed Russell Downs, Douglas Nigel Rackham and Dan Yoram Schwarzmann of PricewaterhouseCoopers (PwC) as joint administrators of BSL and special administrators of BACSL after an urgent application…
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 $50 million. U.S. announces 10 indictments in international fraud scheme The U.S. Securities…
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…