The year 2017 saw the big banks introduce a slew of measures, from scrapped ATM fees to new ethical codes, all intended to boost their battered reputation and fend off a royal commission. In the end these measures were not enough, and in late November Prime Minister Malcolm Turnbull folded to political pressure and called a royal commission.…
Poor Christmas sales for Australia’s retailers could actually help Oroton’s new owners, led by fund manager Will Vicars, as they prepare for a fight with some of Australia’s biggest landlords. Mr Vicars, the chief investment officer at Caledonia, signed a deal with Oroton’s administrators on December 23 to rescue the business, which collapsed in November.…
John McDonnell has said the UK is in the grip of a personal debt crisis with levels of unsecured borrowing predicted to hit a record of £19,000 per household by the end of this parliament. The shadow chancellor said the increase in debt, to more than £14,000 per household this year, was alarming. Analysis from…
SALT LAKE CITY A group of law students at Brigham Young University is working to help Utah residents with their debt collection lawsuits. There are about 70,000 debt cases a year in Utah, many of which are for $100 to $200, KUER-FM radio reported. But people often end up spending more than that because they…
Brits who put presents on plastic this Christmas will carry an average card debt of £452 into 2018, new research from comparison site uSwitch.com shows. With almost £8.5 billion spent on plastic in total over the holidays, almost one person in five (17%) has gone over budget and almost one in four (22%) ended up…
Published 1:40 pm, Tuesday, December 26, 2017 SALT LAKE CITY (AP) A class of law students at Brigham Young University is working to help Utah residents with their debt collection lawsuits. KUER-FM radio reports Salt Lake City lawyer Kimball Parker is leading the group of nine students in a semester-long project to work on a technology…
Salt Lake City A class of law students at Brigham Young University is working to help Utah residents with their debt collection lawsuits. KUER-FM radio reports Salt Lake City lawyer Kimball Parker is leading the group of nine students in a semester-long project to work on a technology solution that can provide legal assistance free…
A recent survey from the American Institute of CPAs about the anxiety-producing debt load facing Americans is replete with head-scratching details. But the upshot is this: It seems that a lot of people need financial planning. For starters, when everyday expenses are the top debt for 44 percent of the respondents, you know things must be…
Tata Steel Ltd. has sounded out banks about raising the equivalent of $5.1 billion through loan facilities and a bond issue to help refinance debt, according to people familiar with the matter. The Indian steelmaker plans a $2.15 billion six-year syndicated facility to refinance loans in the books of units, TS Global Holdings Pte. and…
Its that time of the year when we all splash our cash to celebrate Christmas and New Year. Its not uncommon for people to spend more than they originally planned, with the shopping season continuing through the Boxing Day sales and beyond. But many can end up with thousands of pounds of debt. Citizens Advice…