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Logo of the Insolvency and Public Trustee's Office. The Insolvency & Public Trustee's Office (IPTO) in Singapore is a department under the Ministry of Law.IPTO oversees the administration of individual and corporate insolvencies, the administration of small intestate estates and un-nominated Central Provident Fund (CPF) monies, as well as the licensing and regulation of moneylenders and ...
In 2023, Trust bank had more than 500,000 customers, which is about 10 per cent of Singapore’s adult population. [9] It was however running at a severe loss of S$128.4 million. [10] In 2024, the bank had more than 800,000 customers. The deposit balance had surged from S$1.2 billion to more than S$3 billion. [11]
FairPrice Group, Standard Chartered Bank: Singapore: 77 Robinson Rd, #25-00, Robinson 77, 068896 GXS Bank GXS数码银行 Grab, Singtel: Singapore: 3 Media Close, #09-03, 138498 MariBank 马里银行 Sea Ltd: Singapore: 1 Fusionopolis Walk, #15-01, South Tower Solaris, 138628
Singapore-based Terraform Labs, in a filing with the bankruptcy court in Delaware, listed assets and liabilities in the range of $100-$500 million. ... (SEC)," Terraform Labs said in a statement. ...
Reorganization bankruptcy is governed by Chapters 11 and 13. [1] Chapter 11 is mostly used by high net-worth individuals. [2] In the 12-month period ending June 30, 2017, Chapter 7 and Chapter 11 bankruptcy filings accounted for, respectively, 474,258 (61%) and 1,099 (0.14%) out of 772,594 nonbusiness bankruptcy filings in the USA. [3] [4]
There is an $85 million shortfall between what partner banks of fintech middleman Synapse are holding and what depositors are owed, according to the court-appointed trustee in the Synapse bankruptcy.
Correction, Nov. 9, 2023: The online version of this newsletter has been corrected to reflect that E&Y was a consultant, not Silicon Valley Bank’s auditor. Joe Abrams curated the deals section ...
Enacted on 17 June 1960, the Prevention of Corruption Act (PCA) is the primary anti-corruption law in Singapore. The following are provided for under the PCA: [7] Powers for the CPIB to investigate bribery in all forms, both monetary and non-monetary in nature, and in both the public and private sectors;