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Monday, October 20 2025

World Bank's Banga Calls for More Transparency in Debt Restructuring Process

World Bank President Ajay Banga on Friday stressed the need to increase transparency in debt restructuring processes to give greater clarity to all parties involved, including by expanding the debtor reporting system to all Group…

Monday, October 20 2025

U.K. Personal Insolvencies Jumped by 7% Annually in September

The number of people going financially insolvent across England and Wales in September was 7% higher than a year earlier, according to Insolvency Service figures, PAMedia.com reported. Some 11,101 people entered insolvency in…

Monday, October 20 2025

Scottish Company Insolvencies Jump 41% Year-on-Year

Company insolvencies in Scotland saw a sharp increase in September 2025, rising 41% compared to the same month last year, Scottish Financial News reported. Official figures show 103 companies became insolvent. This total was…