Finance Law

SKS Microfinance Ltd. (SKSM), India’s largest publicly traded lender to the poor, says proposed legislation will spur a revival by easing loan recovery just as mounting losses force it to curtail operations. The draft law would let microcredit companies improve debt collection and may also help raise funds, Chief Financial Officer S. Dilli Raj said [...]

BLOOMINGTON, Minn., May 16, 2012 — /PRNewswire/ – Rasmussen College will join the nation in recognizing the service and sacrifice of U.S. law enforcement officers during National Police Week, May 13-19, 2012. Every year, an average of 164 police officers make the ultimate sacrifice for our safety. On May 15, Peace Officers Memorial Day, the names [...]

FLORENCE, AL (WAFF) – One of Alabama’s new laws is forcing many superintendents to toss out their approved school calendar and start over. Now local school leaders are looking at their options to determine what’s best for the students. Superintendents say they have been following this bill closely and slowly adapting to the changes so [...]

Greek President Karolos Papoulias was told by the nation’s central bank chief that financial institutions are worried about their survival as Greeks pull out euros amid a deepening political crisis. Central bank head George Provopoulos told Papoulias that Greeks have withdrawn as much as 700 million euros ($891 million) and the situation could worsen, according [...]

ELIZABETHTOWN, Ky., May 16, 2012 /PRNewswire via COMTEX/ – First Financial Service Corporation /quotes/zigman/93325/quotes/nls/ffky FFKY -1.22% today announced the following key additions to the leadership of the Company and its subsidiary, First Federal Savings Bank of Elizabethtown. Frank Perez joins the Company and the Bank as Executive Vice President and Chief Financial Officer. Mr. Perez [...]

JURIST Guest Columnist Dora Rotar, an LL.M. Candidate at the University of Pittsburgh School of Law, is the author of the seventh entry in a 14-part series from the LL.M. students of the University of Pittsburgh School of Law. Rotar examines the political and legal challenges Croatia will face as it prepares to enter the [...]

Laws on smacking children questioned By Noel Baker Wednesday, May 16, 2012 A senior member of the United Nations Committee on the Rights of the Child has questioned whether Irish laws on smacking mean parents can be good role models for their children. Speaking at a conference in Dublin yesterday organised by the Campaign for [...]

Believe it or not, when we founded our US business seven years ago, banks were thought of as boring, ‘the 1%’ referred to low-fat milk, and Wall Street was a place young graduates lined up to work, not occupy. We arrived from London in that three-year window between the beginning of the end of the [...]

NEW YORK, May 16, 2012 (BUSINESS WIRE) – Medallion Financial Corp. /quotes/zigman/60066/quotes/nls/taxi TAXI -9.91% , a specialty finance company with a leading position servicing the taxicab industry and other niche markets (the “Company”), today announced that it has priced its previously announced underwritten public offering of 3,500,000 shares of its common stock at a price [...]

With the economy confirming few jobs at law firms, a greater number of new graduates who had never thought of starting solo practice have begun to consider it. Needless to say, law schools are well aware that JD programs at most institutions are not aligned to create ‘lawyers’ but ‘law firm employees,’ and the sudden [...]