RBA confirms resilient financial system – TheBull.com.au

Reserve Bank confirms resilient financial system Financial Stability Review Reserve Bank Financial Stability Review: The Reserve Bank has handed down the latest review of the financial system. The Australian financial system remains resilient and its ability to withstand adverse shocks continues to be strengthened. Household borrowing risks ease: Concerns about riskier types of new housing…

RBA confirms resilient financial system – TheBull.com.au

Reserve Bank confirms resilient financial system Financial Stability Review Reserve Bank Financial Stability Review: The Reserve Bank has handed down the latest review of the financial system. The Australian financial system remains resilient and its ability to withstand adverse shocks continues to be strengthened. Household borrowing risks ease: Concerns about riskier types of new housing…

Giant Concerts’ liquidation to put Sunny Gayadin’s financial affairs in spotlight – Business Day

The financial affairs of controversial KwaZulu-Natal businessman Sunny Gayadin and how he managed to fund failed litigation over the ownership of Durbans Natal Command will come under scrutiny now that his company Giant Concerts has been placed in final liquidation. Gayadin died in May 2017. His body was found with a gunshot wound to his…

Toys R Us liquidation sales beat forecast, as company talks to bidders for Asia, Europe – NorthJersey.com

CLOSE Toys ‘R’ Us Chief Executive Dave Brandon addressing employees at the company’s Wayne headquarters on Wednesday, March 14, 2018. NorthJersey.com Going out of business signs at the Wayne Toys R Us.(Photo: Record staff) Story Highlights Liquidation sales generated about $150 million more than forecast for this stage. Court approved additional funding for Asian and…

Lenders, bidders for IBC cases looks to keep employees happy – Livemint

Employees of Bhushan Steel Ltd recently objected to the bid from Tata Steel Ltd, which was eventually declared the successful applicant. Photo: Reuters Mumbai: Noting the key role of employees in companies undergoing bankruptcy proceedings, lenders and bidders are paying extra attention to ensure resolution plans take care of their interest to avoid any disruption in…

Homebuyers as financial creditors understanding the latest amendment to the Insolvency and Bankruptcy Code – Qrius

By Aishwarya Bagri Should homeowners be treated as financial creditors in the real estate sector? This was the question that the Insolvency Law Reforms Committee recently addressed. Set up in December 2017, the 14 member committee has published a 106 pages long report, suggesting various amendments to the Insolvency and Bankruptcy Code 2016. One such…

Blue Sky-owned Wild Breads confirms advisory appointment – The Australian Financial Review

The board of Blue Sky-owned artisan baker Wild Breads has appointed the advisory arm of McGrathNicol, a move that raises doubts about the financial health of the under-seige asset manager’s trophy investment. In a statement to the Australian Securities Exchange on Wednesday, Blue Sky said that the board of Wild Breads had engaged with Inline…