FTX Creditors to Receive 118% Cash Refund in Revised Estate Proposal
FTX’s Bold Reorganization Plan Offers Hope to Creditors
FTX, a bankrupt cryptocurrency exchange, has put forward a groundbreaking reorganization plan that promises to return a remarkable 98% of its creditors’ claims in cash within 60 days of court approval. This proposal, outlined in new documents filed on Tuesday, aims to provide a significant boost to the affected parties.
Generous Payouts and Interest for Creditors
Under the new plan, non-governmental creditors stand to receive 100% of their claims along with up to 9% interest to compensate for the time value of their investments. This arrangement, if approved by the Delaware bankruptcy court, could set a new standard for creditor compensation in similar cases.
Higher Payouts Than Expected
The proposed payouts exceed earlier estimates, with FTX initially
Read the full story:
FTX Creditors to Receive 118% Cash Refund in Revised Estate Proposal
How did the bank give dividends?
– 2024-05-08 05:39:29
The defaulted loans are increasing. Provisions are not kept properly. The level of risk in the banking sector is increasing. Banks listed in the capital market have announced dividends for the year 2023 amid such criticism. The dividend rate of seven banks increased compared to the previous year. on the contrary Six banks saw their dividend cut. Dividends of the rest of the banks remained unchanged. As such, it can be said that banks have declared dividends to protect continuity.
Of the six banks that saw dividend cuts, three increased their cash dividends from the previous year. And two have cash dividends equal to the previous year. As such, the amount of cash dividend of these banks has not decreased, the bonus dividend has decreased. However, the cash dividend of a bank has decreased compared to the previous year.
In the current situation, the shareholders of the stock market are giving the opinion that the dividends announced by the banks are satisfactory and promising for the investors. They say that the dividends declared by the listed banks are quite satisfactory. Some banks have dividend yields above 15 percent. It is very suitable for investment. But our stock market investors do not invest with the expectation of dividends. That is why even after declaring a good dividend, it does not have much effect on the share price of the bank.
Among the listed banks, Dutch-Bangla Bank has given the highest dividend this time. The company has announced 17.5 percent cash and 17.5 percent bonus share dividend for 2023. Last year the bank paid 17.5 percent cash and 7.5 percent bonus share dividend.
Read more
The bank’s dividend has not only increased compared to last year. The bank has declared the highest dividend in the last five years. In 2021, Dutch-Bangla Bank paid 17.5 percent cash and 10 percent bonus share dividends to investors. Before that, it paid 15 percent cash and 15 percent bonus shares in 2020 and 15 percent cash and 10 percent bonus shares in 2019.
Uttara Bank is second in the list of highest dividend. This company has also declared the highest dividend in the last five years. The bank has announced 17.5 percent cash and 12.5 percent bonus share dividend for 2023. Earlier it paid 14 percent cash and 14 percent bonus shares in 2022 and 2021, 12.5 percent cash and 12.5 percent bonus shares in 2020 and 7 percent cash and 23 percent bonus shares in 2019.
dividend increase the rest Banks five of the year image
|
Bank Name |
dividend |
||||
|
২০২৩ |
২০২২ |
২০২১ |
২০২০ |
২০১৯ |
|
|
BRAC Bank |
10% cash and 10% bonus |
7.5% cash and 7.5% bonus |
7.5% cash and 7.5% bonus |
10% cash and 5% bonus |
7.5% cash and 7.5% bonus |
|
City Bank |
15% cash and 10% bonus |
10% cash and 2% bonus |
12.5% cash and 12.5% bonus |
17.5% cash and 5% bonus |
15% cash |
|
NCC Bank |
12% cash |
5% cash and 5% bonus |
12% cash and 4% bonus |
7.5% cash and 7.5% bonus |
15% cash and 2% bonus |
|
Onebank |
3.5% cash and 3.5% bonus |
5% bonus |
5% bonus |
6% cash and 5.5% bonus |
5% cash and 5% bonus |
|
Pubali Bank |
12.5% cash and 12.5% bonus |
12.5% cash |
12.5% cash |
12.5% cash |
10% cash |
Meanwhile, ICB Islami Bank, which is in trouble, has decided not to give any kind of dividend to the investors. It is on the list of not paying dividends National Bank in trouble again. State-owned Rupali Bank also decided not to pay dividends to investors.
Rupali Bank has not paid any dividend to the investors in 2022 as well. Earlier it paid 2 percent cash dividend in 2021 and 10 percent in 2020. National Bank did not pay any dividend to investors i
Read the full story:
Do you withdraw money from an ATM? You can lose cash this way!
#withdraw #money #ATM #lose #cash
Many of us associate using an ATM with a very simple and automated activity. However, it is worth being careful – banks inform about a very dangerous fraud that anyone of us can become a victim of.
The rest of the article is below the video
We are talking about the so-called cash trapping, i.e. fraud involving the modification of an ATM. How? Criminals place special strips inside the cash feeder, which cause the banknotes to slide into a special space that is invisible to the person using the ATM.
The machine then recognizes that the enti
Read the full story:
Do you withdraw money from an ATM? You can lose cash this way!
Arkane Austin, Tango Gameworks… Microsoft closes four of its video game development studios
You have been rate-limited for making too ma
Read the full story:
Arkane Austin, Tango Gameworks… Microsoft closes four of its video game development studios
Shein: House approves emergency PL taxing purchases under $50
The plenary of House of Representatives approved, this Tuesday (7/5), the urgent processing of the federal government’s bill 914/24, which provides for the tax on international purchases up to 50 USD (approximately R$ 253). The original proposal creates the Green Mobility and Innovation Program (Mover)but the end of the exemption was added as “jabuti”.
With the approval of the emergency, the proposal can be voted directly in the Chamber, without going through the House commissions.
Last year, the Ministry of Finance launched the Compliant Remittance Program, which eliminated import taxes for purchases up to US$50 from e-commerce companies for individuals.
“We propose to revoke the possibility of postal imports which are currently exempt, so as not to create an imbalance with products manufactured in Brazil, which pay all taxes,” said the text’s rapporteur, MP Átila Lira (PP-PI ), in a document filed with the Chamber of Deputies.
Move program
President Luiz Inácio Lula da Silva (PT) created, at the end of last year, through an interim measure, the Mover Program, which provides tax benefits for car manufacturers that invest in low-carbon technologies, such as in the production of hybrid and electric vehicles.
After provisional creation, the government sent the bill to the House for plenary voting.
“Well-to-wheel measurement will improve publ
Read the full story:
Shein: House approves emergency PL taxing purchases under $50
Genesis Unveils Updated GV70 SUV with Refreshed Look After Three and a Half Years
The Genesis GV70 medium SUV was born with a new look for the first time in three and a half years.
GV70 model partially modified/supplied by Genesis
Hyundai Motor Company’s luxury brand Genesis announced on the 8th that it has launched a partially modified GV70 model. This is the first partial change since its launch in December 2020. The change in the front design is obvious. The shield-shaped ridge grill, symbolic of Genesis, has been refined into a double mesh structure. The main lamp has a thin, two-line design.
Inside, a 27-inch integrated wide display is installed. This is to roughly show the infotainment system, including the cluster and navigation, which contains information necessary for driving the vehicle, such as speed.
The GV70 adds Ceres Blue as an exterior color and is available in 12 colors. The price starts at 53.8 million won.
Inside
Read the full story:
Genesis Unveils Updated GV70 SUV with Refreshed Look After Three and a Half Years
Opening: The three major stock indexes opened slightly lower, the concept of cellular immunity moved higher, Guanhao Biotech and Nanhua Biotech hit their daily limit – Mobile Financial World
Stock Indexes Open Slightly Lower, Concept of Cellular Immunity Rises
Financial markets opened on a slightly lower note today, with the three major A-share stock indexes experiencing a small dip. The Shanghai Stock Exchange Index fell by 0.2%, while the Shenzhen Component Index saw a 0.28% drop. Despite this, the concept of cellular immunity saw a rise, with companies like Guanhao Biotech and Nanhua Biotech hitting the daily limit.
The synthetic biology and flying cars sectors were among the top losers ea
Read the full story:
The limited available fuel reserves should be used only when strictly necessary and sparingly. Gurgen Nersisyan
– 2024-05-08 04:47:09
On June 20, Artsakh Republic State Minister Gurgen Nersisyan convened a consultation on ensuring food security and economic work under the existing conditions. This is reported by the Government of Azerbaijan.
The Minister of Agriculture, Georgi Hayriyan, presented the situation related to domestic food production, the possibilities of meat production, the preparatory works for the harvest of autumn crops and the production volumes of spring crops and greenhouse farms and related problems. Some other officials also made presentations.
The State Minister, referring to the fact that the limited humanitarian car
Read the full story:
Supreme Court of Mauritius 2023 Statistics: Cases Pending, New Filings, and Resolved for the Year
The Supreme Court of Mauritius recently published statistics regarding its activities for the year 2023, giving an overview of the workload and legal trends during this period. At the beginning of 2023, there were 5,724 cases pending before this high court. At the end of 2023, the number of cases pending before the High Court was 5,761.
For the year 2023, 5,985 new cases were registered in the High Court, with the Family Division having the largest number of cases, accounting for 65% of the total. These cases were distributed as follows: 982 cases in the commercial court, 3,885 cases in the family division and 806 new cases (excluding appeals) filed on the docket, with 227 appeals civil and 85 criminal appeals.
In 2023, 5,94
Read the full story:
Supreme Court of Mauritius 2023 Statistics: Cases Pending, New Filings, and Resolved for the Year
voestalpine takes over welding wire manufacturer from Italy
voestalpine announced this on Tuesday. Italfil employs 110 people and recently had a turnover of 43 million euros. “With this acquisition, we are another important step closer to our strategic goal of being able to offer our customers complete solutions in the area of welding technology,”
Read the full story: