bankruptcy

Synapse’s Specter of Commingled Funds Points to Issues in FinTech, BaaS Governance
Synapse’s Specter of Commingled Funds Points to Issues in FinTech, BaaS Governance
June 12, 2024  |  Legal

If there’s a surety in FinTech, and particularly within banking as a service, it’s that there will be more regulations. Get the Full Story Complete...

READ MORE >
Synapse Hearing Highlights Frustration With Banking-as-a-Service Complexities
Synapse Hearing Highlights Frustration With Banking-as-a-Service Complexities
June 10, 2024  |  Legal

The drama surrounding the Synapse Financial bankruptcy continued Friday (June 7) with an afternoon court hearing in California’s Central District Bankruptcy Court, although the case...

READ MORE >
Synapse Bankruptcy Trustee Finds $85 Million ‘Shortfall’ Amid Tangled Web of Accounts
Synapse Bankruptcy Trustee Finds $85 Million ‘Shortfall’ Amid Tangled Web of Accounts
June 07, 2024  |  Legal

Former Federal Deposit Insurance Corp. Chair Jelena McWilliams will present her initial findings as trustee of Synapse’s Chapter 11 bankruptcy case Friday afternoon (June 7)....

READ MORE >
Synapse’s Downfall Provides Hard Lessons for Its B2B Partners
Synapse’s Downfall Provides Hard Lessons for Its B2B Partners
May 30, 2024  |  Business

A chain is only as strong as its weakest link, as the saying goes. And as the fallout from Synapse’s chaotic bankruptcy continues, containing the...

READ MORE >
Gemini Returning $2.1 Billion to Crypto Customers
Gemini Returning $2.1 Billion to Crypto Customers
May 29, 2024  |  Cryptocurrency

Fallen cryptocurrency lender Gemini is reportedly set to begin returning billions in frozen customer funds. Get the Full Story Complete the form to unlock this article and...

READ MORE >
Co-Founder Adam Neumann Abandons Attempt to Buy Bankrupt WeWork
Co-Founder Adam Neumann Abandons Attempt to Buy Bankrupt WeWork
May 28, 2024  |  Business

Shared-workspace company WeWork has faced significant challenges in recent years, including bankruptcy and the ousting of its co-founder Adam Neumann. Get the Full Story Complete...

READ MORE >
Fashion Shoppers’ Shift to Digital Sends Physical Retailers Packing
Fashion Shoppers’ Shift to Digital Sends Physical Retailers Packing
May 14, 2024  |  Retail

Consumers are increasingly buying clothing from third-party digital marketplaces, forcing more retailers to close shop. Get the Full Story Complete the form to unlock this article and...

READ MORE >
Corporate Bankruptcies Hit Highest Level in Since April 2023 Amid High Interest Rates
Corporate Bankruptcies Hit Highest Level in Since April 2023 Amid High Interest Rates
May 12, 2024  |  Economy

U.S. corporate bankruptcies reached their highest level in a year in April. Get the Full Story Complete the form to unlock this article and enjoy...

READ MORE >
Porch Group Sues China Construction Bank, Alleging Reinsurance Fraud
Porch Group Sues China Construction Bank, Alleging Reinsurance Fraud
May 10, 2024  |  Legal

Porch Group, a U.S. homeowners insurance and home inspection software company, reportedly sued China Construction Bank (CCB), alleging reinsurance fraud. Get the Full Story Complete the form...

READ MORE >