In an unprecedented move, Malaysian court allowed Wynn Macau to collect its dues from a gamblerWith collective U.S. student loan debt nearing $1.5 trillion, some colleges are testing innovative solutions to help reduce student borrowing.
Using no-strings-attached student loan payoff-assistance programs, college loan alternatives and annual student debt letters, these three universities are doing their part to curb college debt.
1. UNIVERSITY OF PITTSBURGH
The University of Pittsburgh is offering graduating seniors up to $5,000 in federal student loan relief with one request: They pay it forward.
The schools new program, Panthers Forward, will help recent graduates chip away at student debt and introduce them to alumni mentors to encourage professional development. Students have no obligation to repay the gift, but the…
Read the full article at: https://leaderpost.com/pmn/business-pmn/3-colleges-that-help-you-handle-student-debt/wcm/46d1ed79-73ff-40d9-9aee-5c60bc1e62f3
The former chief executive of a failed investment firm has been given just over two weeks to pay a record 76m fine by the City regulator.
The Financial Conduct Authority formally imposed the huge fine on Stewart Ford yesterday over his role in one of the UKs largest investment scandals. He must find the funds to pay the penalty in full by 1 February.
The former chief executive of the so-called death bond company Keydata lost a long legal battle against the penalty, the highest ever handed down to an individual by the Financial Conduct Authority (FCA).
Tens of thousands of UK investors lost out after putting almost 450m into so-called death bond policies via the investment firm, which was dissolved in 2014 after being declared insolvent and …
Read the full article at: https://sports.yahoo.com/businessman-two-weeks-pay-record-76m-fine-070055442.html
Bankruptcy Chapter 11by Nick Youngson
As explored in PG&E Under Flame, Californias top utility is proving be a fascinating and frustrating case study of what happens when companies put profit over people. To recap; state authorities are heavily investigating PG&Es role in causing the Camp Fire that claimed at least 87 lives in November. Alongside a crisis of reputation, the company is facing billions of dollars in damages.
Amidst this turmoil, PG&E will likely file for bankruptcy in the next two weeks. The utility announced on Monday that they are indeed exploring filing for bankruptcy protection (after much speculation), and their stock quickly tumbled by over 50%. While in the best of cases bankruptcy should…
Read the full article at: https://www.forbes.com/sites/morgansimon/2019/01/18/if-pge-goes-bankrupt-who-benefits-not-us/
Mark
Zuckerberg at Facebooks F8 conference in 2017 showing off a
mock-up video of how AR glasses might work.
Getty
-
Facebook is moving hundreds of employees to a new
product-focused augmented-reality group as it continues to
quietly develop AR glasses. -
The employees are being moved out of the
research-driven Facebook Reality Labs and into a new
specialized team overseen by two key hardware execs, Business
Insider has learned. -
A Facebook representative said the company was working
on multiple AR hardware products that might not all ultimately
launch. -
A source who has tried a prototype of t…
Read the full article at: https://www.businessinsider.com/facebook-moves-ar-glasses-team-reality-labs-2019-1
The banking system of Ukraine has made profit for the first time in five years.
NBU Governor Yakiv Smolii said this during his speech in the Verkhovna Rada, Ukrinform reports.
There are 77 banks in Ukraine, including 4 state-owned and 22 banks with foreign capital. The banking system is not only stable, well-capitalized and transparent, but also profitable for the first time in five years, said Smolii.
As Ukrinform reported, the NBU in 2018 declared one bank insolvent – it was VTB Bank. At the same time, the central bank notes that according to the results of stress testing in 2018, one bank requires capital increase or debt restructuring before April 1, 2019 so that to fulfill capital requirements.
…
Read the full article at: https://www.ukrinform.net/rubric-economy/2622082-ukraines-banking-system-profitable-for-the-first-time-in-five-years-nbu-governor.html
ANNAPOLIS (WJZ) Nearly 9,500 Maryland residents with student loan debt are being awarded tax credits, Gov. Hogan announced Friday.
The Maryland Higher Education Commission has awarded $9 million in tax credits to the residents with student loan debt.
Student loan debt is a daunting and overwhelming burden for thousands of Marylanders, said Governor Hogan. These tax credits will help ensure access and success for students committed to furthering their education, while bolstering our economy. We are providing real solutions for our students and continuing to invest in making college more accessible and affordable for all Marylanders seeking a higher education.
According a release from Hogans office, the tax credits were divided into two g…
Read the full article at: https://baltimore.cbslocal.com/2019/01/18/thousands-of-marylanders-receive-student-loan-debt-relief-tax-credits-9m-total/
Rolta India, which is among the leading IT and geospatial companies of the world, is in dire financial straits. The companys strategy to make itself debt free in India by divesting its global products and solutions business has failed, reported Hindu Business Line.Rolta planned to raise $25 billion(INR25,000 crore) by divesting to restructure bonds. In the wake of this terrible blow, the mass layoffs have begun in the company and many top executives have been asked to resign. The company has a massive workforce of 3,000 employees around the globe. It owes more than 10,000 crore INR to investors and banks and has to complete payment of bonds worth $350 million
Rolta is in a financial imbroglio for some time now. Its lo…
Read the full article at: https://www.geospatialworld.net/blogs/rolta-faces-financial-woes/
