Search results for "bankruptcy"

March 18, 2024
Distressed Assets Buyer Attestor Battles Over FTX Claim

London-based financial firm Attestor is in a legal battle involving the bankruptcy of FTX. Attestor, known for its expertise in investing in distressed assets, bought FTX’s distressed assets at low prices, a...


March 15, 2024
Prosecutors Seek 40- to 50-Year Term for Sam Bankman-Fried

Federal prosecutors are seeking a 40- to 50-year prison sentence for Sam Bankman-Fried, the former CEO of the now-bankrupt cryptocurrency exchange FTX, over charges of massive fraud. Bankman-Fried, who was found...


March 14, 2024
Lufthansa Faces Setback as Court Overturns EU Approval of State...

In a blow to Lufthansa, the second-highest court in Europe ruled in favor of Ryanair, annulling a decision by the European Union competition regulator to clear Lufthansa’s state bailout. The...


March 13, 2024
Italian Retail Giant Cisalfa to Rescue Bankrupt SportScheck

In a move set to reshape the landscape of European sports retail, Italy’s leading sports retailer, Cisalfa, has inked a deal to acquire the struggling Munich-based chain SportScheck out of...


March 12, 2024
Allbirds Closing Stores as Retailers Feel the Burn of Shopper...

Not long after touting its brick-and-mortar expansion, footwear brand Allbirds is becoming the latest merchant to shutter stores — a move that comes as consumers’ budgeting behavior amid financial challenges...


March 11, 2024
Silicon Valley Bank’s Downfall: Lessons Learned and Unanswered Questions

It’s said that those who don’t learn from history are doomed to repeat it. The spectacular flameout of Silicon Valley Bank (and other banks subsequently), happened March 10, 2023, which seems long...


March 08, 2024
Retailers Grapple With Mounting Pressures as Middle Class Takes a...

As ongoing economic pressures shrink the middle class, retailers are being challenged to either cut prices and step up their deals and discounts or make a play for high-income consumers. ...


March 08, 2024
FinTech IPO Index Gathers 2.7% as MoneyLion Jumps 34% on...

Many of the names that are part of the FinTech IPO Index soared double digits on the heels of earnings this past week, leading the overall index 2.7% higher. MoneyLion...


March 06, 2024
Digital Currency Group Wants NY Fraud Lawsuit Tossed

Digital Currency Group (DCG) wants a lawsuit accusing it of defrauding cryptocurrency investors dismissed. The company is urging a New York court to throw out the lawsuit, which alleges DCG defrauded investors...