Latest News for: Insolvent bank


Law firm welcomes partner to financial litigation team

The Business Desk 21 Sep 2023
Specialising in high value and complex disputes, Kidd has experience across a range of domestic and international matters including in the areas of banking/financial services, fraud, insolvency, professional negligence and tax.

OECD sees 'sub-par' global growth as high rates bite

RTE 19 Sep 2023
Central banks worldwide have sharply increased borrowing costs in an effort to tame consumer prices which soared in the wake of Russia's invasion of Ukraine last year ... "Inflation is projected to moderate gradually over 2023 and 2024 but to remain above central bank objectives in most economies," the OECD said.

Jaypee homebuyers demand flat delivery

Hindustan Times 19 Sep 2023
Homebuyers protest in Wish Town on Tuesday. (Sunil Ghosh/HT Photo). Around 22,000 homebuyers have yet to receive their flats because Jaypee Infratech Limited went through a corporate insolvency resolution process after failing to pay its bank debts ... Yeida said that they will take further action once the state government sends their approvals ... ....

Beware sharper economic slowdown and tougher inflation, warns adviser to central banks

The Guardian 18 Sep 2023
Bank of International Settlements said markets risk ignoring aftershocks from inflation such as insolvencies and ...

‘Argentina on the Channel.’ Mark Carney and Liz Truss clash over UK economy

CNN 18 Sep 2023
When Truss and her chancellor, Kwasi Kwarteng, pushed ahead with their economic agenda, the pound crashed to a record low against the US dollar, UK bond prices collapsed and pension funds were brought to the brink of insolvency, prompting an emergency intervention by the Bank of England.

SBI MD Tewari recommends measuring time for each IBC process bucket

Business Line 17 Sep 2023
State Bank of India (SBI) has proposed measuring the timelines of various segments within the Insolvency and Bankruptcy Code (IBC) process to pinpoint ...

Paxos Affirms PYUSD Stability with New Transparency Report

CryptoPotato 17 Sep 2023
Stablecoin issuer Paxos, in one of the latest developments, released the first transparency but unaudited report for the recently born Paypal USD, or PYUSD stablecoin, affirming the stability and reliability of the assets ... Paxos’ PYUSD Report Now Out! ... Treasury reverse repurchase agreements ... As such, there could be potential losses in bank insolvency.

Editorial: UAW eyeing EV plants

Toledo Blade 16 Sep 2023
When U.S. taxpayers pumped $426 billion into insolvent banks and busted corporations it wasn’t to protect executive jobs ... .

Operation Choke Point 2.0: How U.S. Regulators Fight Bitcoin With Financial Censorship

Bitcoin Magazine 16 Sep 2023
“We hope to close the access to the banking system that mass marketing fraudsters enjoy — effectively putting a choke hold on it” ... Bank Runs, With Bias. On March 8, 2023, it was announced that the cryptocurrency-focused institution Silvergate Bank would be voluntarily liquidated by its holding company.

IndusInd withdraws insolvency plea against Coffee Day Global

The Times of India 14 Sep 2023
IndusInd Bank has withdrawn its insolvency resolution application against Coffee Day Global ...

Coffee Day Global settles debt issue with IndusInd Bank, NCLAT sets aside insolvency proceedings

Financial Express 13 Sep 2023
Coffee Day Global Ltd (CDGL) and its financial creditor IndusInd Bank have reached a settlement, following which NCLAT has set aside an insolvency order against the company which owns and operates coffee chain Cafe Coffee Day. Counsel representing CDGL and IndusInd bank on ...

Coffee Day share price surges 14% on reports Coffee Day Global and IndusInd Bank settle insolvency litigations

Live Mint 13 Sep 2023
Coffee Day share price surged almost 14 per cent in intraday trade on Wednesday amid media reports that Coffee Day Global and IndusInd bank reached a settlement and have withdrawn insolvency litigations.'Coffee Day Global and IndusInd bank told the Chennai bench of National ...

Coffee Day Global and IndusInd Bank settle insolvency resolution plea at NCLAT

The Economic Times 13 Sep 2023
IndusInd Bank has withdrawn its insolvency resolution application against Coffee Day Global ...

PayPal PYUSD Stablecoin is 100% Backed – Reports

Cryptopolitan 13 Sep 2023
Paxos, the stablecoin issuer, has taken a significant step in enhancing transparency within the cryptocurrency industry by releasing the inaugural transparency report for its Ethereum-based stablecoin, PayPal USD (PYUSD) ... Treasuries ... Consequently, Paxos acknowledged the possibility of incurring losses in the event of a bank insolvency ... ....

Towards ‘Bharat’ now: Blue Dart announces rebranding of of Dart Plus service to ‘Bharat Dart’

Financial Express 13 Sep 2023
Blue Dart’s decision to rebrand this service stems from an extensive discovery and research process aimed at aligning itself to the evolving needs of its customers,” the company said. Follow Us ... Also ReadCoffee Day Global settles debt issue with IndusInd Bank, NCLAT sets aside insolvency proceedings ... HCLTech report ... .

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Creative Commons / Marco Verch
FILE - In this handout photo made from video released by the Governor of Sevastopol Mikhail Razvozhaev telegram channel on Saturday, April 29, 2023, a firefighter speaks on the walkie talkie as smoke and flame rise from a burning fuel tank after it was hit by a drone, a Russian-appointed official there reported, in Sevastopol, Crimea. The Crimean Peninsula's balmy beaches have been vacation spots for Russian czars and has hosted history-shaking meetings of world leaders. And it has been the site of ethnic persecutions, forced deportations and political repression. Now, as Russia’s war in Ukraine enters its 18th month, the Black Sea peninsula is again both a playground and a battleground
AP / Sevastopol Governor Mikhail Razvozhaev telegram channel via AP, File
Military parade to mark the 78th anniversary of the Victory in the Great Patriotic War, Russia
Creative Commons /
Prof. Irwin Cotler gives the "Jabotinsky Lecture" at the Jabotinsky Institute in Tel Aviv, Israel
Creative Commons / יוסי אחימאיר