Government criticises ‘inefficient’ debt and pensions advice bodies – The Guardian

The current inefficient and confusing system of government-backed financial help for consumers is to be replaced with a new one-stop-shop organisation that will advise consumers about debt, pensions and scams. This new body will replace three existing publicly-funded organisations, one of which came under fire for spending more than £100m on marketing and advertising in…

Denis O’Brien’s Digicel turns to consultants to help slash costs, debt – Irish Times

Denis OBriens Digicel Group has started an unprecedented cost-cutting plan and hired financial consultants McKinsey and Goetzpartners to help cut its massive debt burden as the mobile phone group grapples with declining earnings. Digicels 6.2 billion debt is at unsustainably high levels at 6.2 times earnings at the group, Michael Chakardjian, an analyst with US…

Representative Trey Hollingsworth Seeks Help With Campaign Debt – Indiana Public Media

Photo: Trey Hollingsworth Trey Hollingsworth won the 9th District congressional seat vacated by Todd Young. Indiana Representative-elect Trey Hollingsworth is asking for help repaying some of his campaign loans. Hollingsworth spent more than $3 million of his own money on his campaign for Indianas Ninth Congressional seat. Some say his attempt to recoup some of…

James Packer’s Crown doubles down on its Macau exit with $300m sharesale to investors – The Sydney Morning Herald

James Packer’s Crown Resorts has doubled down on its massive retreat from its international operations, agreeing to sell a further $300 million of its stake in its Macau casinos.  Crown announced on Friday it had entered an underwriting agreement to sell 40.9 million shares in Melco Crown Entertainment to institutional investors, in addition to the 98 million shares it said on Thursday would…

Bank of Canada sees risks from household debt, housing market imbalances – The Sydney Morning Herald

The Bank of Canada said elevated levels of household debt and imbalances in the housing market remain the primary risks to the country’s financial system, dangers that new government rules will mitigate over time. “Overall, the risk of nationwide household financial stress combined with a sharp correction in house prices across the country remains ‘elevated,’”…