“The outlook for world economies in 2020 has substantially worsened in the past two months. The impact and duration of the Covid-19 crisis will likely lead to higher ECL [expected credit losses] and put pressure on revenue due to lower customer activity levels and reduced global interest rates,” the bank said. … [Read more...] about HSBC could have to put aside £8.8bn to cover bad debts in coronavirus crisis
Journal entries for bad debts
The stunt piece headline is nearly always a first-person, declarative statement. The first word is "I" or "We" or maybe "What Happened When I..." You have seen them float across your social feeds, screaming for a click: I Let My Boyfriend Dress Me for a Week. I Fertilized My Salad with Period Blood. I Tried Anal Weed Lube So You Don't Have To. I Put Scrunchies on my Boyfriend's Penis. I Dressed Like Hermione Granger For a Week & This Is What Happened. I Came to Work Wearing Only Underwear (and This Is What Happened). I Wore a Spandex Diaper to a Strip Club So I Could Come While Receiving a Lap Dance.I Tried to Eat Hot Dogs Competitively and Nearly Died. I Lived as Marilyn Monroe for a Week. I Used Men's Beauty Products for a Week. I Took a Photograph of Everything I Ate for a Month. I Tried Living Like Dan Bilzerian and Realized What His Problem Is. I Put Edible Body Paint on my Boobs and Rubbed Them All Over my Boyfriend. I Read and Replied to Every PR Email I Received for a Week. … [Read more...] about Are We Living in a Golden Age of Stunt Journalism?
'It's action-packed, it's beautiful and it's infuriating':... EXCLUSIVE PICTURES: Home and Away star Bonnie Sveen and... Power couple! Home and Away's Bonnie Sveen and partner... Picture perfect! Home and Away's Bonnie Sveen shares a rare... … [Read more...] about The dark side of Hollywood: Ex-Home and Away star Bonnie Sveen reveals she was ‘left with hefty debt and a bruised ego’ after spending five months auditioning in Los Angeles
Marchant told Stuff he had an elite membership with TAB and some of his bets included $15,000 on a horse race and $10,000 on a sports bet. The money he gambled was the profit on his jobs. … [Read more...] about Christchurch roofer with gambling addiction and debts says he’s ‘no scumbag’
By Nirmal Jain Have you seen the glee in the eyes of politicians when they announce loan waiver schemes for farmers? No prizes for guessing whether their eyes are filled with mercy for farmers or avarice for votes. A few weeks ago, the chairperson of the largest state-owned bank sensibly voiced her concern that the loan waiver could upset credit discipline. Some of the legislators had the audacity to demand her apology for this. For them, we are reminded of Jesus’ last words 'Father, forgive them for they do not know what they are doing'. But there are many people in the government and bureaucracy who know what they are doing. The smaller issue is that they are making bad banks, worse. The larger issue is if the Indian farmer is destined to live in destitution and die in debt? Let us take the smaller issue first. In theory, the burden of loan waiver is borne by the state governments. Its immediate impact may be a slight fall in NPAs but it does spoil credit culture and makes … [Read more...] about View: Is Indian farmer destined to live in destitution and die in debt?