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RBS Bonuses Under Fire As Restructuring Group Executives’ Testimony Questioned

Bonuses handed out to senior bosses at Royal Bank of Scotland are facing renewed scrutiny after the chairman of the bailed-out bank apologised for inaccuracies in evidence given to MPs about its restructuring division, The Guardian reported. Sir Phil ...

Daily Headline - global.abi.org - 11/24/2014 - 21:12 - 0 comments

KTB Majority Shareholder to Demand International Expertise on Bank Insolvency

Bromak, the major shareholder at Corporate Commercial Bank (KTB), is to request an international report on whether the bank's capital is a negative equity, the company's lawyers said on Monday, novinite.com reported. Comments from Menko Menkov ...

Daily Headline - global.abi.org - 11/24/2014 - 21:13 - 0 comments

Greece to Negotiate Stalled Review With Troika in Paris

Greek government officials will meet in Paris tomorrow with representatives of the so-called troika of international creditors in a bid to break a deadlock over freeing up the last tranche of the country’s bailout, Bloomberg News reported. Bonds gained t ...

Daily Headline - global.abi.org - 11/24/2014 - 21:14 - 0 comments

Quinn Family Members Want To Cross-Examine IBRC Liquidator

Members of the family of bankrupt businessman Sean Quinn want court orders permitting them cross-examine Irish Bank Resolution Corporation special liquidator Kieran Wallace regarding claims they may be hiding up to €500 million in undisclosed assets from ...

Daily Headline - global.abi.org - 11/24/2014 - 21:15 - 0 comments

Greek Budget Forecasts Growth, but Creditors Are Skeptical on Deficit

crisis, grew faster than any eurozone country in the third quarter of this year, expanding 0.7 percent ...

Daily Headline - global.abi.org - 11/23/2014 - 22:58 - 0 comments

Government Wins Insolvency Argument

The government has won an argument over insolvency creditor meetings, despite opposition from influential business groups, economia reported. Business groups, including ICAEW and insolvency trade body R3, had told the government to back down on its insol ...

Daily Headline - global.abi.org - 11/23/2014 - 22:59 - 0 comments

Liquidator Close To Finalising Deal On IBRC Assurance

The liquidator of Irish Bank Resolution Corporation has secured a preferred bidder to acquire the assurance arm of the former Anglo Irish Bank, the Irish Times reported. The new owner of the unit is understood to be a large European investor, though ...

Daily Headline - global.abi.org - 11/23/2014 - 23:00 - 0 comments

U.K. Won’t Pursue EU Bonus Challenge

“It now looks clear there are minimal prospects for success with our legal challenge, so we will no longer pursue it,” Mr. Osborne said in a letter to Mark Carney, Bank of England governor and chairman of the Financial Stability Board, The Wall Street ...

Daily Headline - global.abi.org - 11/20/2014 - 21:16 - 0 comments

Concern Rises As Cracks Appear In Nordic Model

Cracks are beginning to appear in the vaunted Nordic model. The four main Nordic countries – Denmark, Finland, Norway and Sweden – still grace the top of most global rankings for happiness, competitiveness, the best place to be a woman and even the best ...

Daily Headline - global.abi.org - 11/20/2014 - 21:17 - 0 comments

Sofia Court Suspends Insolvency Proceedings Against KTB

Sofia City Court has said it will have to suspend insolvency proceedings against Corporate Commercial Bank, or KTB, following an appeal by majority owner Bromak, Novinite.com reported. The court said it was informed on Wednesday that Bromak had filed an ...

Daily Headline - global.abi.org - 11/20/2014 - 21:18 - 0 comments

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