Some $929 billion of outstanding commercial mortgages held by lenders and investors will mature in 2024, or 20 percent of the $4.7 trillion total outstanding debt.
High Street retailer Wilko is reportedly heading for insolvency within hours after hopes of a rescue deal started to fade.
The chain, which sells everything from stationery to hardware items, has filed notice of its intention to appoint administrators at the High Court, after spending weeks hunting for a rescue deal.
Wimbledon champ Boris Becker has been found guilty at Southwark Crown Court of four charges under the Insolvency Act and acquitted of a further 20 counts relating to his 2017 bankruptcy.
(Bloomberg) — Wirecard AG, one of Europe’s largest fintech firms as recently as two weeks ago, collapsed in an accounting scandal that has pushed the company to file for insolvency. So why is it the best-performing stock in Germany’s benchmark DAX Index this week?On Friday the stock was down 99% for the year. In the […]
Wirecard, the German scandal-hit payments company, said on Saturday it would proceed with business activities after filing for insolvency and expects a provisional administrator to be appointed by judicial authorities shortly. “Whether insolvency proceedings will be opened is still under review.” Wirecard collapsed on Thursday owing creditors almost $4 billion after disclosing a hole in […]
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