This article was sourced from Bloomberg. Article by Emily Cadman. Three units of London-based Barclays Plc have been penalized by Australia’s securities regulator for failing to tell clients they didn’t hold local financial services licenses and instead were regulated overseas. Under the Australian regime, foreign firms which offer services to the wholesale market can obtain exemptions […]
This article was sourced from The Guardian. Article by Rupert Jones. Complaints to the financial ombudsman about payday loans have risen to almost 200 a week – and not all of those experiencing problems necessarily fit the image of low-income borrowers relying on short-term loans to get by. During the second half of 2016 the Financial […]
This article was sourced from The Irish Times. Article by Derek Scally. Billy Telford scored a coup for his Berlin property company, Next Estate, when he nabbed Ai Weiwei as the Chinese art superstar happened to be passing by the shop one day last year. Telford, a Laois man, asked Ai’s advice about some new art for […]
This article was sourced from Zero Hedge. With Saudi Arabia scrambling to respond to surging US shale production in what many analysts warn is a lose-lose decision, as either Saudi Arabia will lose market share under the current status quo, or government revenue will tumble should the Vienna 2016 production cut deal be cancelled, moments ago […]
This article was sourced from Letters from Norway. Article by Nick Kamran. Sweden’s welfare state supposedly allows for success while providing a safety net for those unable to keep up with the market. In principle, it is an ideal state, achieving a utopian like state. However, Sweden’s touted economic success has come at the expense of the […]
This article was sourced from Zero Hedge. Just days after reports emerged that student loan defaults are soaring, which is undoubtedly due to some combination of, among other things, poor job prospects for the millions of snowflakes who graduate each year with their $200,000 educations in anthropology and the moral hazard created by liberal politicians […]
This article was sourced from Tech Crunch. Article by Sarah Perez. Google Maps has just added a handy feature that will help users remember where they parked. This appears as a new menu option when you tap the blue dot, and will place a “P” icon on the map so you can find your way back […]
This article was sourced from NY Times. Article by Reuters. ROME — Italy has abolished voucher payments for workers, which were highly popular with employers, to avoid a bruising referendum championed by the country’s main union, Prime Minister Paolo Gentiloni said on Friday. Payment by vouchers was introduced in 2008 as an experiment for seasonal farm […]
This article was sourced from Market Watch. Article by Claudia Assis. Tesla Inc. announced late Friday night that it is killing off the cheapest models of its Model S sedan. The news comes ahead of the launching of the Model 3, the sedan the company aims to sell to the masses. Customers who want to own […]
This article was sourced from Bloomberg Markets. Article by Heather Burke and Mark Schofeit. David Rockefeller, the U.S. banker, philanthropist, presidential adviser and heir to one of history’s most fabled fortunes, has died. At 101, he was the world’s oldest billionaire. He died Monday at his home in Pocantico Hills, New York, according to an emailed […]
This article was sourced from Bloomberg Markets. Article by Wei Lu and Vincent Del Giudice. When it comes to living a long life, Italy is the place to be. The high-heeled boot surrounded by five seas is ranked the healthiest country on Earth in the Bloomberg Global Health Index of 163 countries. A baby born in Italy […]
This article was sourced from JD Supra. Article by Brandy Sargent. In a recent opinion, the U.S. Bankruptcy Court for the District of Oregon reminds all finance lawyers (and participants trying to document a finance transaction without legal assistance) that recording an “assignment” of a deed of trust is not always sufficient to perfect an interest […]
This article was sourced from Independant.IE. Article by Louise McBride. It could take another 15 years for Irish women to get paid the same as Irish men for the same job – because of gender inequality in the workplace, according to a recent report by PricewaterhouseCoopers (PwC). It found, on average, Irish women earn 15pc less than […]
This article was sourced from JD Supra. Article by Cozen O’Connor. The Bankruptcy Court for the Western District of Missouri declined to recognize a mediation privilege in In re Lake Lotawana Community Improvement District, 2016 WL 7984347 (Bankr. W.D. Mo. Sept. 19, 2016), despite the fact that it conceded that other circuits have done so. Lake […]
This article was sourced from Business Insider. Article by Rob Price. LONDON — Britain’s shock vote to leave the European Union last summer has engulfed the UK’s tech industry in confusion — with concerns over everything from visas for foreign workers to the future of funding for venture capital firms. But this hasn’t dampened people’s optimism […]
This article was sourced from Zero hedge. Article by Wolf Ritcher. “Flat sales” are now a “welcome change.” The New Normal. National restaurant data and anecdotal evidence has been piling up. “T Vogel,” a commenter on WOLF STREET, put it this way: My wife and I make almost 30k more than the median family income in […]
This article was sourced from Insolvency Interface. Article by Peter Keenan. Researchers at Melbourne University have issued their third and final report on investigations into insolvency fraud committed through the use of phoenix companies. The 162 page report, issued on 24 February 2017, is titled Phoenix Activity: Recommendations On Detection, Disruption And Enforcement. In the Executive […]
This article was sourced from JD Supra. Article by Kevin Meek. “Risk comes from not knowing what you’re doing” – Warren Buffett Can a bankruptcy court deny fees requested by a professional simply because her client chose a poor strategy? The Bankruptcy Court for the District of Idaho recently rejected such a notion, holding that an accounting […]
This article was sourced from JD Supra. Article by D. Matthew Allen. The Middle District of Florida recently denied a plaintiff’s motion for class certification concerning claims that a collection agency illegally and intentionally sent collection correspondence to mortgagees whose debts already had been discharged in bankruptcy proceedings. The plaintiff alleged violations of state and federal […]
This article was sourced from NY Times. Article by LAUREN SILVA LAUGHLIN. Like any good private-equity investor, Carlyle has demonstrated a knack for buying when others are selling, and vice versa. It is instructive then that Carlyle, led by David Rubenstein, is embarking on its biggest quest for distressed assets at a time when tax-cut hopes are […]