THE fallout from the row between Commonwealth Bank and its abortive capital raising undertaken by investment bank Merrill Lynch reverberated around the group’s share price yesterday despite the success in finally getting away its replacement $1.65 billion offer.
The focus has now switched back to the original disclosures†and bad debt†likely to rise to $2.5 billion next year. Continue reading
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If a company is in financial difficulty, it can be put into voluntary administration.
This information sheet provides general information for unsecured creditors of companies in voluntary administration. Continue reading
MAJOR mining companies have started laying off more than 500 workers as the global financial crisis grips the resources sector. Continue reading
Centrebet is offering good odds on the economy bottoming out.
The bookmaker has Australia a $1.12 favourite to fall into recession in the next 12 months, and $5.50 if it is avoided. Continue reading
The US Federal Reserve on Tuesday aggressively cut its target for overnight interest rates to a record low zero to 0.25%, and said it would employ “all available tools” to dispel a year-long recession. Continue reading
After 11 months of the global financial crisis, 2008 now stands as the worst year for investors on record. Continue reading
NEARLY half of businesses in Australia and New Zealand are axing employees or freezing staffing levels -†on expectations that business conditions will worsen. Continue reading
THE financial and retail sectors have a nail-biting Christmas period ahead, with further job cuts expected in late January. Continue reading
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If a company is insolvent or in financial difficulty, it can be put into external administration. The three most common forms of external administration are: Continue reading
This is a brief explanation of some of the terms you may come across in company insolvency proceedings. Please note that this glossary is for general guidance only. Many of the terms have a specific technical meaning in certain contexts that may not be covered here. Continue reading
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