Caroline Binham and Emma Dunkley
Regulators at the Bank of England are quietly getting ready to authorise the creation of the three largest banks to come into existence in Britain.
According to the BoE’s Prudential Regulation Authority, the legal entities of HSBC, Barclays and Lloyds Banking Group will mark the biggest creation of banks measured by assets, as they crystallise their “ring-fencing” plans and meet the regulator’s 2019 deadline to split their “core” retail services, such as deposit-taking, from their riskier investment banking units.
The idea is to prevent taxpayer bailouts of “too big to fail” banks that risk customer deposits when bets by their investment banking units go…
Read the full article at: http://www.afr.com/business/banking-and-finance/regulators-get-ready-to-authorise-ringfenced-uk-banks-20170820-gy04oo
DECEIT: Steve Josifovski thought he could trust his old school friend Lemuel Page, but eventually became just another of the con man’s many victims. Inset: Page and his then wife Fiona at a Josifovski family function in happier times.
EVEN now, years later, Steve Josifovski doesnt want to believe he was ripped off.
After all, he and Lemuel Page had grown up together: they’d known each other since kindergarten at Waratah West Public School, spent their weekends together.
We grew up very close, Mr Josifovski said. But when he turned 16 he moved to Sydney and we lost touch.
Then one day in late 2001, without a word for more than a decade, Page turned up at Mr Josifovski’s family home in Waratah.
It didnt take long before he was forced to ta…
Read the full article at: http://www.juneesoutherncross.com.au/story/4851750/with-friends-like-lemuel-page/?cs=4113
If you are 50 years of age or more and are paying EMIs of home loan, car loan, education loan, personal loan, education loan, gold loan, marriage loan, credit card EMIs, etc., it is high time you considered debt consolidation to ensure that by the time you retire, you would have no repayment burden on your head.
So what is debt consolidation all about? Simply put, debt consolidation is taking stock of all your debts and drawing up a plan to extinguish all debt, starting with high cost debt. The final purpose of the plan is to extinguish all debt systematically over a specific period of time.
To begin with, one needs to make a list of all the debt, the principal amount outstanding in each case, rate of …
Read the full article at: http://www.indiainfoline.com/article/news-personal-finance/debt-debt-consolidation-smart-way-to-get-rid-of-debt-117081900375_1.html
In the light of “Aussie” Matt Kirk’s impending lawsuit against Kings Casino Rozvadov owner Leon Tsoukernik over an alleged gambling debt of $2m, Chinese/Canadian entrepreneur and successful high stakes poker player, Elton Tsang, has come forward claiming that Tsourkernik had also refused to pay him some 2,000,000 Tsang won from him in a high stakes poker game.
Elton Tsang, probably best known for his win at last year’s Monte Carlo One Drop tournament for over 11m made the revelation in a recent CalvinAyre interview with Lee Davy.
Tsang had …
Read the full article at: https://www.highstakesdb.com/8092-elton-tsang-leon-tsoukernik-owes-me-2000000.aspx
Beijing: The Chinese government has officially put the brakes on Chinese companies pouring big money into overseas property development, issuing rules likely to have a significant impact in Australia.
China’s State Council, or cabinet, issued the first rules on overseas investment by Chinese companies on Friday.
A new banned list includes casinos and defence technology, while overseas property development and hotels are classified as “restricted”.
Chinese companies bought 38 per cent of all the residential property development sites sold in Australia last year, spending $2.4 billion, accordin…
Read the full article at: http://www.smh.com.au/business/new-investment-rules-to-curb-chinas-foreign-acquisition-binge-20170820-gy033p.html
In the light of “Aussie” Matt Kirk’s impending lawsuit against Kings Casino Rozvadov owner Leon Tsourkernik over an alleged gambling debt of $2m, Chinese/Canadian entrepreneur and successful high stakes poker player, Elton Tsang, has come forward claiming that Tsourkernik had also refused to pay him some 2,000,000 Tsang won from him in a high stakes poker game.
Elton Tsang, probably best known for his win at last year’s Monte Carlo One Drop tournament for over 11m made the revelation in a recent CalvinAyre interview with Lee Davy.
Tsang had…
Read the full article at: https://www.highstakesdb.com/8092-elton-tsang-leon-tsourkernik-owes-me-2000000.aspx
Being in debt can be stressful, and it can be difficult to know what to do first, especially if youre constantly getting letters and calls from the companies you owe money to.
You might be thinking about taking out a loan to pay back money you owe, but this can make the problem worse when there might be a better solution for you.
Theres no debt problem thats unmanageable.
Becoming debt-free, however long it takes, can improve your credit rating and mean you can think about longer-term plans.
When you have more than one debt, you must make sure youre dealing with the most important ones first.
Debts come in various forms, such as bank loans, pay day loans, credit cards and catalogues.
Some debts are known as priority debts and they …
Read the full article at: http://www.northumberlandgazette.co.uk/news/dealing-with-the-anguish-of-debt-1-8705509
Being in debt can be stressful, and it can be difficult to know what to do first, especially if youre constantly getting letters and calls from the companies you owe money to.
You might be thinking about taking out a loan to pay back money you owe, but this can make the problem worse when there might be a better solution for you.
Theres no debt problem thats unmanageable.
Becoming debt-free, however long it takes, can improve your credit rating and mean you can think about longer-term plans.
When you have more than one debt, you must make sure youre dealing with the most important ones first.
Debts come in various forms, such as bank loans, pay day loans, credit cards and catalogues.
Some debts are known as priority debts and they …
Read the full article at: http://www.morpethherald.co.uk/news/dealing-with-the-anguish-of-debt-1-8705509