Toxic Assets News Monitoring

FM Sitharaman Announced Setting Up Of National Asset Reconstruction Company

Finance minister Nirmala Sitharaman on September 16 announced that the Cabinet has approved a central government guarantee of up to Rs 30,600 crore to back security receipts to be issued by National Asset Reconstruction Company Limited (NARCL). The …

Bad bank meets RBI capital norms through rights issue

Under a rights issue, a company allows only existing shareholders to participate in the fundraise. While the National Reconstruction Company Ltd (NARCL) needed a minimum of ₹100 crore in paid-up capital to apply for a licence, it had initially raised ₹74.6 …

IDBI Bank to pare NPAs via toxic asset transfer, new loans

MUMBAI : IDBI Bank aims to reduce its bad loan ratio to 15% of advances by the end of this year through a mix of loan growth and by transferring toxic assets to the bad bank, its chief executive Rakesh Sharma said on Wednesday. IDBI Bank is no longer …

How can parents spend the rest of their child tax credit cash? We've got some ideas - CNET

The extra cash paid in advance this year is helping families cover basic necessities.  Sarah Tew/CNET It's nearing the end of summer, and some 36 million families across the country have already received their first two advance child tax credit  …

Vampire Kangaroo bank Macquarie Group takes control of Southern Water

Households across the South East may be a little nervous to learn that an Australian investment bank known as the 'Vampire Kangaroo' has gained control of their water supply. Sydney-based Macquarie Group earned its colourful nickname after …

The US report into Covid’s origins is little use in averting another pandemic | Laura Spinney

US intelligence services have just briefed the president, Joe Biden, on the results of their 90-day investigation into the origins of Covid-19. They were asked to test two hypotheses: that it had a “natural” origin, or that it escaped from a lab. …

We’re Burying Our Kids in Debt (Just Not the Way You Think)

Funding schools Wall Street-style also subjects schools to market volatility. For example, as the 2008 recession crumpled state and city revenues, many school districts, under the guidance of self-appointed financial experts, invested in chic yet …

Large Banks Have Been Building Up Toxic Assets, But There Is Light

A Letter to Shareholders from the CEO of Alumifuel Power Corporation

Aug 24, 2021 (MarketersMedia) -- A letter to shareholders from the CEO of Alumifuel Power Corporation about financial milestones and goals Philadelphia, United States - August 24, 2021 /MarketersMedia/ -- When the company reinitiated its public …

ARV may only give banks respite from toxic debt flood

India's plan to set up a bad bank may boost valuations and ease short-term stress for state-owned lenders, but bankers and sector insiders are concerned it will not solve deeper problems. Finance Minister Nirmala Sitharaman has proposed creating an …

NNPC Will Cease To Exist Within Six Months – GMD Mele Kyari

Get real time updates directly on you device, subscribe now. Subscribe Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mele Kyari, on Monday disclosed that the oil corporation will cease to exist within the next six months. Kyari …

PIA: NNPC will cease to exist within six months, says Mele Kyari

  The federal government says the Nigerian National Petroleum Corporation (NNPC) will cease to exist within the next six months as specified...   The federal government says the Nigerian National Petroleum Corporation (NNPC) will cease to exist within the …

Host communities to get $500m annually as Buhari signs PIB into law – Kyari 

The group managing director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has said host communities of oil companies in the Niger Delta could get $500 million annually from the new Petroleum Industry Act (PIA). Kyari who spoke in an …

Trump brand partners eye dumping toxic asset: The president

From country clubs to entertainment shows, President Donald Trump's business empire could face heavy pressure after his involvement in last week's violence at the U.S. Capitol. While consumer mass-market merchandise deals for Trump ties and steaks, …

Currency redenomination challenges and implications in Sierra Leone: An economic policy analysis perspective

Dr. Ezekiel K. Duramany-Lakkoh, Dr. Ezekiel K. Duramany-Lakkoh, Dean, Faculty of Management Sciences, Institute of Public Administration and Management, University of Sierra Leone The problem is not redenomination, but how it is implemented. Proponents of …

Zamco repays $1,2bn Govt debt

The Chronicle Business Reporter THE Zimbabwe Asset Management Company (Zamco) has fully repaid the $1,2 billion loan it received from the Government to acquire non-performing loans (NPLs) from banks to deal with the threat of systemic risk and enhance the …

Seek's business is 'rotten' and carrying toxic debt, activist says

"Companies we called about their job postings on the website even stated directly that the posts were fraudulent. Our due diligence also uncovered a whistleblower claim by a Chinese college student alleging that Zhaopin pays people to submit fake …

Zim banks defy headwinds… post a combined US$176,2 million net profit in H1

BY TAURAI MANGUDHLA ZIMBABWE’S banking sector posted a combined ZW$15,1 billion (US$176,2 million) net profit during the first half of the year, after riding out headwinds posed by the deadly Covid-19 pandemic, Reserve Bank of Zimbabwe (RBZ) governor John …

Sun sets on ZAMCO  

The Sunday Mail   Online Reporter The Reserve Bank of Zimbabwe (RBZ) says it will wind down the operations of the Zimbabwe Asset Management Company (ZAMCO) ahead of the initial 2025 timeline after the entity fulfilled its purpose of eliminating potentially …

COVID LIFELINE GRANTS TO 302 BUSINESSES WITH NINE OR FEWER EMPLOYEES

Venture North Issues Regional Resiliency Final Report TRAVERSE CITY, MICHIGAN, UNITED STATES, September 16, 2021 /⁨EINPresswire.com⁩/ -- “We were able to use the money to make five months payments on our mortgage.” Building Blocks Preschool, …

Monetizing the digital assets of brands and personalities via NFT’s with supermodel Carol Alt

Supermodel Carol Alt joins Jim Mohen, Claus Tomming and Peter Loukianoff on the 21st of September, to discuss monetising digital assets of brands via NFTs SAN FRANCISCO, CALIFORNIA, UNITED STATES, September 16, 2021 /⁨EINPresswire.com⁩/ -- Carol …

Mathis Wealth Management Announces Rebranding and Welcomes New Associate

PHOENIX, ARIZONA, UNITED STATES, September 16, 2021 /⁨EINPresswire.com⁩/ -- Mathis Wealth Management a full-service financial planning and investment management firm, announced today that they are rebranding and welcoming new associate, Cameron …

William H. Sadlier, Inc. Announces Decision on Revised SEC Rule 15c2-11

William H. Sadlier, Inc. (OTCPNK:SADL) NEW YORK, NEW YORK, UNITED STATES, September 16, 2021 /⁨EINPresswire.com⁩/ -- William H. Sadlier, Inc. (“Sadlier” or the “Company”) (OTCPNK:SADL), a leading publisher of educational materials, today announced …

AppSealing Introduces Data Encryption Solution for Android Apps

The Data Encryption solution will help fintech, banking, and gaming companies meet their data security and protection needs in minutes, without ANY CODING LOS ANGELES, CALIFORNIA, UNITED STATES, September 16, 2021 /⁨EINPresswire.com⁩/ -- …

NewGen’s Latest Closing is Assisting Hosting Solutions of Northern AZ to Create Transitional Housing for Homeless

NewGen assisted in the acquisition of the 44-unit Travelodge Hotel by Housing Solutions of Northern AZ (HSNA) to expand the city’s housing and shelter options. PHOENIX, ARIZONA, UNITED STATES, September 16, 2021 /⁨EINPresswire.com⁩/ -- NewGen …

Othman Tmoulik Shows How To Build A Multiple Figure Business With His Program Unstoppable Entrepreneurs

UNITED STATES, September 16, 2021 /⁨EINPresswire.com⁩/ -- Othman Tmoulik lives the life that so many dream of having. A Muslim entrepreneur, the 28-year-old proves that with perseverance and dedication, nothing is out of reach. Raised by his mother …

Rentome Offers Universal Letting Solution for the UK Rental Market

The Smart Digital Letting Agent WATFORD, HERTFORDSHIRE, UNITED KINGDOM, September 16, 2021 /⁨EINPresswire.com⁩/ -- The process of renting a house was made all the more difficult in the previous year due to the COVID-19 pandemic and the ensuing …

LenderHomePage and LeadMailbox Modernize Lead Management Capabilities for Mortgage Companies

SANTA ANA, CA, UNITED STATES, September 16, 2021 /⁨EINPresswire.com⁩/ -- LenderHomePage announced today a new partnership with LeadMailBox designed to help mortgage companies streamline and enhance their lead management process. The new integration …

Retiring Business Owners in the North East are Using Number 1 Business Broker to Sell Their Businesses

This Fast Growing M&A firm is helping business owners sell fast and for top dollar. NEW YORK, NY, USA, September 16, 2021 /⁨EINPresswire.com⁩/ -- If you're having any thoughts on selling your business then now may be the best time in …

Niraz Buhari’s view on blockchain technology in insurance and reinsurance industry

LONDON, UNITED KINGDOM, September 16, 2021 /⁨EINPresswire.com⁩/ -- Blockchain is expected to revolutionize the way insurance and reinsurance businesses operate, allowing closer interaction between stakeholders such as vendors, reinsurers, and …

NCIDC HAS DERMOSCOPY CRITERIA REVIEW FOR MEMBERSHIP AND GUESTS

The NCIDC was pleased to have the Robert Johr, M.D, present a dermoscopy criteria review. CARY, NC, UNITED STATES, September 16, 2021 /⁨EINPresswire.com⁩/ -- Many of North Carolina Triangle area’s independent dermatology physician groups have …

43ac East Texas French Chateau Built by Late Lonnie "Bo" Pilgrim, Founder of Pilgrim's Pride, to Auction Without Reserve

In cooperation with Clayton Pilgrim of Century 21 Farm & Ranch Harvey Properties, The Pilgrim Estate will auction No Reserve in October. NEW YORK, NEW YORK, UNITED STATES, September 16, 2021 /⁨EINPresswire.com⁩/ -- Nestled in the picturesque …

Hg Sponsors PowerUP to Give Disadvantaged Youth a Hand Up

Sponsorship from Hg, a leading global investor in software and services, will fully fund 200 martial arts scholarships for disadvantaged Atlanta youth. ATLANTA, GEORGIA, UNITED STATES, September 16, 2021 /⁨EINPresswire.com⁩/ -- PowerUP Scholarship …

REBGV launches new quarterly housing market report

The Real Estate Board of Greater Vancouver’s (REBGV) Economist Keith Stewart released a new third quarter (Q3) housing overview report. VANCOUVER, BRITISH COLUMBIA, CANADA, September 16, 2021 /⁨EINPresswire.com⁩/ -- The Real Estate Board of …

India Developers Accepts BitcoinZ as Currency

Investment from India into BitcoinZ (BTCZ) is flowing strong and hard! Multiple India Developer teams have joined the BitcoinZ Project with great aspirations! PUTTUR, KARNATAKA, INDIA, September 16, 2021 /⁨EINPresswire.com⁩/ -- Investment from …

American Fidelity Named a National Best Workplace for Women

American Fidelity has been named one of the country’s 2021 Best Workplaces for Women by Great Place to Work and Fortune Magazine. OKLAHOMA CITY, OK, USA, September 16, 2021 /⁨EINPresswire.com⁩/ -- American Fidelity has been named one of the …

Medabots introduces Medacoin - Launched!

Medabots, a world-renowned IP, is stepping into the world of cryptocurrency with the release of Medacoin. BARCELONA, SPAIN, September 16, 2021 /⁨EINPresswire.com⁩/ -- Medacoin is a new cryptocurrency that gives users the ability to manage their …

Unbridled Capital Sells 11 Dunkin' Restaurants in NC

GULF BREEZE, FL, UNITED STATES, September 16, 2021 /⁨EINPresswire.com⁩/ -- Unbridled Capital recently provided sell-side advisory to Charlotte Delites on the sale of 11 Dunkin’ restaurants in North Carolina. The restaurants were sold to new …

North America Travel Insurance Market 2020 Competition and Growth Opportunity, Industry Status and Forecast 2030

OREGAON, PORTLAND, UNITED STATES, September 16, 2021 /⁨EINPresswire.com⁩/ -- Allied Market Research published a new report, titled, "North America Travel Insurance Market by Distribution Channel (Insurance Intermediaries, Insurance Companies, …