Britain’s banks are ruining the country’s fledgling businesses by withdrawing funding, according to the author of a scathing dossier. Lawrence Tomlinson, entrepreneur in residence at the Department for Business, Innovation and Skills (BIS), has provided the Business Secretary with claims of alleged misconduct towards companies by the lenders, including the […]
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BofA Argues Against Class-Action Loan Modification Suit
Bank of America Corp. asked a federal judge to reject homeowners’ effort to sue the bank over its failure to modify mortgage loans as a class-action case. The second-biggest U.S. lender by assets today urged U.S. District Judge Rya Zobel in Boston to deny the borrowers’ request to pursue the […]
Berlusconi Tax Fraud Prison Sentence Confirmed
The former Italian Prime Minister, Silvio Berlusconi, has his prison sentence for tax fraud confirmed by the country’s top court. The billionaire tycoon was told that his four-year sentence will was upheld, making it the first ever definitive conviction, in up to 30 court cases. However, three of the years […]
