Bankrupt Banking

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RBI asks banks to disclose IL&FS provisions in Q4 accounts

Deccan Chronicle 25 Apr 2019

Even as its petition is pending at the NCLAT seeking a reivew of the ban on banks classifying the IL&Fs accounts as NPAs, the Reserve Bank on Wednesday directed lenders to disclose their exposure to the bankrupt infra lender in their forthcoming earnings announcements....

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RBI asks banks to disclose ILFS provisions in Q4 accounts

Moneycontrol 24 Apr 2019

Even as its petition is pending at the NCLAT seeking a reivew of the ban on banks classifying the IL&Fs accounts as NPAs, the Reserve Bank on April 24 directed lenders to disclose their exposure to the bankrupt infra lender in their forthcoming earnings announcements....

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Prince's Sister Sharon Nelson Accuses Comerica Bank of Mismanaging Estate: 'He Is Not Resting in ...

Billboard 24 Apr 2019

If the bank's powers are not curbed, she predicts, "Prince’s estate will be bankrupt by the end of the year.” ... Bank officials have stated in court filings that there can be no distribution to the heirs until a tax bill from the Internal Revenue Service estimated by the heirs at $31 million is settled....

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Rant and Rave: Putting the Ass in Asphalt

Free Times 24 Apr 2019

What happened to the great American dream? Did it start in the 1970s with the breaking up of unions? In the 1980s with Reagan’s egregious tax breaks for the rich? The deregulating of banks that led to the bank fraud and almost bankrupted the whole world? Or did it happen with ......

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Morning digest: 67% turnout in second phase of Lok Sabha poll, Modi and Rahul face ...

The Hindu 19 Apr 2019

67% turnout in second phase of Lok Sabha poll ... The overall figure was 69.62% in 2014.Dalits come under attack in Ariyalur ... Sushma Swaraj ... Despite intense lobbying by the bankrupt airline, banks stood firm on their decision to not release emergency funds to sustain operations until a white knight is found.Genome sequencing to map population diversity....

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In Goa, the mining ban weighs heavily on elections

Business Line 19 Apr 2019

“The mining belts were all in BJP-oriented areas ... Truck owners nearby affirm the same ... “If I want to start a new business, I can't because I have already taken loans (to buy trucks) and gone bankrupt. And the banks are not willing to give us loans,” says Chandradip Prakash Chari, 33, whose primary business of running trucks has fizzled out....

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Hard landing: Jet Airways' temporary halt

The Hindu 18 Apr 2019

Despite intense lobbying by the bankrupt airline, banks stood firm on their decision to not release emergency funds to sustain operations until a white knight is found ... The fact that the banks refused to extend emergency support is probably an indicator of the quantity and quality of the EOIs received by them....

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Another diamond firm with Rs 3,000 crore dues declared bankrupt

The Times of India 17 Apr 2019

In yet another shock to the gems and jewellery industry, Eurostar Diamond Traders, one of the largest diamond companies in Antwerp has been declared bankrupt by the Antwerp Corporate Court ... Industry sources said that with yet another diamond company going bankrupt, bank finance in the industry is going to be tougher....

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Circus at fairgrounds canceled a week before it happens

Havre Daily News 17 Apr 2019

During the Great Northern Fair Board monthly meeting Tuesday, Board Chair Tyler Smith announced that the planned King Cole Circus was canceled because the company went bankrupt. "Those who have already bought tickets should call their bank and file fraud charges," Smith said ... "We... ....

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Jet Airways crisis: Why did banks delay work on a solution for so long?

Yahoo Daily News 17 Apr 2019

Indeed, how they watched while companies borrowed from all over banks, mutual funds, the bond markets and overseas is inexplicable ... Goyal even had the gall to bid for the bankrupt business, much like the Ruias of Essar Steel who, at the eleventh hour, discovered they could rustle up `50,000 crore to pay back the bank loans....

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Arresting the disaster that is climate change

The Observer 17 Apr 2019

One WFC proposal is for central banks to buy fossil fuel “stranded assets” on condition the money paid is invested in renewables ... As central banks cannot go bankrupt in their own currency, they can also buy – and add to their reserves – long-term and low- or zero-interest bonds to kickstart the required emergency reforms in poor countries....

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Twitter has receipts for Trump’s question: “What do I know about branding?”

Fast Company 15 Apr 2019

One of the more consistent knocks against the president’s famous business acumen is that he somehow bankrupted multiple casinos–a business where people come in off the street and just hand over their money, like the opposite of a bank ... 1991 BANKRUPT Trump Taj Mahal. 1992 BANKRUPT Trump Castle Hotel & Casino....

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BankFinancial Is A Solid Community Investment

Seeking Alpha 15 Apr 2019

Lost houses, abandoned condos, bankrupt family businesses, and broken homes. They ineluctably equate banks with robber barons ... In my classes, we speak about banks and investing money. I make a distinction between global investment banks and small-cap regional community banks ... Customer deposits largely fund the bank’s loans....