Bankrupt Banking

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Yes Bank reports net profit of ₹129 crore for Q2 vs loss year ago

Live Mint 23 Oct 2020

Private sector lender Yes Bank on Friday ... Yes Bank was near bankrupt in March and was rescued by a Reserve Bank of India-led bailout plan under which State Bank of India picked up 49% equity in the once-storied private sector lender....

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Boris Becker accused of not handing over tennis trophies to pay debts

BBC News 22 Oct 2020

The three-time Wimbledon winner was declared bankrupt in 2017 over money owed to a bank. He is accused of not complying with obligations to disclose information ... The 52-year-old German national is also accused of concealing more than £1m held in bank accounts, in addition to property in the UK and abroad ... Defence counsel Jonathan Caplan said ... Features....

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Hariri returns as Lebanon’s prime minister as political instability continues

The Irish Times 22 Oct 2020

Having nominated himself for the job, Mr Hariri has taken on the Herculean tasks of tackling bankrupt banks, currency devaluation, rising poverty, heavy national indebtedness, rampant Covid-19 infection and popular protests demanding the removal of the entire political class ... Rescue funds ...   . . ....

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Former Cox Kings employees say they now drive autorickshaws or sell fish, juices and vegetables ...

Moneycontrol 21 Oct 2020

The National Company Law Tribunal (NCLT) has fixed January 24, 2021, to hear the grievances of over 2,500 former employees of bankrupt travel company Cox and Kings who have not been paid salaries from June 2019 to October 2020 ... Creditors (read banks), whose loans to the bankrupt travel company remain unpaid, have demanded Rs 7,000 crore....

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OKEx’s lips remain sealed on its sudden crypto withdrawal freeze

XBT.MONEY 21 Oct 2020

For nearly a week, uncertainty as to why OKEx suddenly suspended its cryptocurrency withdrawals on Oct. 16 has lingered on ... “We wholeheartedly apologize for this ... On Oct ... Why so secretive? ... She added. ... Hypothetically, even if a broker were to go bankrupt, its customers always have the option of recovering their funds directly from the broker’s bank....

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Udit Narayan reveals he wanted a grand wedding for son Aditya but won't go against ...

Pinkvilla 20 Oct 2020

udit_on_adityas_wedding_1.jpg ... A few days back, in an interview with Bollywood Bubble, singer Aditya Narayan revealed that he has gone bankrupt ... 18000 in his bank account now ... Also Read. Aditya Narayan faces financial trouble ahead of his wedding; Says 'I have only 18K left in my bank account' Spotboye/ Dainik Bhaskar tv. news & gossip tvtags....

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Maruti’s dealerships may get a margin lift

Live Mint 20 Oct 2020

This step, the Maruti management hopes, will improve the creditworthiness of its dealers and encourage banks to ease the stringent lending norms ... While Maruti had the least number of bankrupt dealers over the past two years, the few that had to shut down cost the banks substantially, said one of the two people cited above....

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Crypto Long & Short: The OKEx Drama Exposes a Weakness in Crypto Market Infrastructure

XBT.MONEY 18 Oct 2020

Even if a broker were to go bankrupt, for instance, segregation of funds means the broker’s bank could return funds to clients ... When it comes to crypto holdings, there isn’t even a bank that can take over at the behest of the authorities to return funds ... Investment bank JPMorgan ......

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Watch video: Aditya Narayan talks about Rs 18,000 in bank account as he refutes bankruptcy reports

DNA India 16 Oct 2020

However, DNA in its original report dated October 15, quoted digital portal Bollywood Bubble with whom Aditya spoke in a video chat on September 26, and mentioned the singer's exact quotes where he stated that he has only 'Rs 18,000 left in his bank account', nowhere mentioning that he had gone 'bankrupt'. ....

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Aditya Narayan Rubbishes Bankruptcy Reports; Says His In-Laws Got Worried, Started Panic Calling Him

One India 16 Oct 2020

Recently, Aditya Narayan announced that he is set to tie the knot with long-time girlfriend Shweta Agarwal. Soon after this, a report suggested that the singer-actor has gone bankrupt, with just Rs 18,000 left in his bank account. However, in an ... ....

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Russian Regulators Hammer Bitcoin Holders Amid Ruble’s Descent

Crypto Briefing 16 Oct 2020

According to the latest updates from the central bank, crypto investors will face severe restrictions on the amount of crypto they can purchase and how they can use it ... The continuous rate-cutting makes bank deposits less attractive by the day, while banks’ risks of going bankrupt remain....

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Supreme Court may finally agree to a limited relief on bank loans

Financial Express 15 Oct 2020

Waiving interest on all loans would cost Rs 6 lakh crore, and bankrupt banks; best to restrict this to small borrowers ... ....

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Famous Brands’s UK chain GBK fails, US bank results and the state of SA’s ETF industry

Moneyweb 15 Oct 2020

Viv Govender of RandSwiss on Famous Brand's GBK going bankrupt and US bank results. Keith McLachlan of Alpha Wealth on equity vs consolidated holdings in results and changes to the PSG IFRS status. Mike Brown talks 20 years of ETFs in South Africa ... ....