Your Search Returned 72 tagged news reports
With all of the recent ups and downs that businesses and individuals have faced, taxpayers may find an increased need to closely evaluate their ability to collect outstanding loans and receivables when performing year-end tax planning. While getting...
Tags: bad debts, debts deduction, deduction related, Tallahassee
Babcock & Brown Power face the growing prospect of bad debts, amid mounting concern over a gas contract that could sink the company. BBP's Western Australian gas business Alinta is locked in a long- running contract dispute with the North West Shelf joint...
Tags: BBP, contract dispute, bad debts, Alinta, gas contract, North West Shelf, Australia, Perth, Babcock & Brown, Arbitral tribunal, Suncorp-Metway, Banks of Australia, Arbitration, Business Finance
Nationwide Building Society says interest rates could remain at a record low until at least the final quarter of next year as the slow recovery continues to drag down the economy...Nationwide, the UK's third-biggest mortgage lender, revealed that its...
Tags: nationwide profits, housing prices, commercial property, Graham Beale, chief executive, Nationwide Building Society, rises unemployment, bad debts, record lows, profits halve, United Kingdom, Dunfermline, Subprime mortgage crisis, Mortgage loan, Danish mortgage market, Mortgage, Lloyds Banking Group, Interest, Business Finance, Economic history of the United States, Stock market crashes, Late 2000s recession in Europe, Cooperative banking, Unemployment, Durham, National Savings and Investments, Icesave dispute, Interest rate, Gilt-edged securities, Bonds, Monetary policy, Financial institutions
Some of the world’s leading banks warned Thursday that bad debts would continue to weigh on lenders and signs of recovery were not clear, overshadowing an improvement in underlying earnings and shaking markets. The caution was not confined to one region,...
Tags: bad debts, United States, European Commission, ING, Australia, Sydney
AIB's agreement that chairman Dan O'Connor will only take on the role of executive chairman for about six months follows intense pressure over the past week from a group of its biggest Irish institutional shareholders...A situation where a chairman has...
Tags: AIB, Colm Doherty, bad debts, Brian Cowen, Allied Irish Bank, billions euro, Ireland, Dublin, Kereskedelmi ᅢᄅs Hitelbank, Financial services in the Republic of Ireland, KBC Bank Ireland, KBC Bank, Business Finance, Bailout, Allied Irish Banks, National Asset Management Agency, Eugene Sheehy, Doherty, Colm, Politics, Republic of Ireland
Last month, the government, through the minister for Finance Uhuru Kenyatta, wrote to the workers’ pension body demanding that it offload its shares in NBK. The two firms were among 16 state corporations whose public sale the Cabinet approved last December.
Tags: NSSF, NBK, bad debts, development banking, pensions body, Kenya, Nairobi, Economy of Uganda, National Social Security Fund, Business Finance, Politics, Social Issues
Barclays is reinstating its dividend after achieving £4.5bn of profits in the nine months to December. The figures put the bank on track to report record profits by the end of the year, when the proceeds from the sale of the Barclays Global Investors...
Tags: Barclays PLC, Barclays Global Investors, Barclays Capital, bad debts, net profits, billion pounds
Barclays' results come after rival Royal Bank of Scotland (RBS) last week reported a pre-tax loss of £2.2bn for the three months to 30 September. Unlike RBS, Barclays has not needed direct government support.
Tags: Barclays PLC, HSBC, Sainsbury, Post Foods, post cereals, bad debts, Ralcorp Holdings Inc., biggest jolt
Rentokil's struggling City Link parcel delivery division is set to return to the black in the last three months of the year, although the firm admitted it was not picking up much extra business during the postal strikes. The support services company,...
Tags: RBS, Stephen Hester, chief executive, royal banking, Royal Bank of Scotland, operating loss, Mr Hester, bad debts
The bank reported September-year cash earnings of $236 million, down 40 per cent on a year ago. The six months to September were particularly painful with cash earnings of just $34 million against $240 million for the same period a year earlier. Westpac...
Tags: Westpac New Zealand, Westpac NZ, bad debts, St George Bank, chief executive, impairment charges, executive gail, Gail Kelly, cash earnings, financial crisis