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HomeBankruptcy

Bankruptcy

Bankruptcy

Timeline: How US gov’t scrambled as Silicon Valley Bank collapsed

March 15, 2023 Mariel Alumit

The United States government launched emergency measures at the weekend to shore up confidence in the banking system after the failure of Silicon Valley Bank (SVB), the largest bank collapse since the 2008 financial crisis. […]

Bankruptcy

Daily Energy Standup Episode #81-Government bonds are the new toxic Security – China to host major Middle East summit – Banking in an instant can impact runs

March 15, 2023 Andy Del Prado

Daily Standup Top Stories WAVE OF NEW LNG EXPORT PLANTS THREATENS TO KNOCK GAS PRICES March 14, 2023 Mariel Alumit HOUSTON, March 14 – A flood of liquefied natural gas (LNG) export projects due online […]

Regulators close crypto-focused Signature Bank, citing systemic risk
Bankruptcy

Regulators close crypto-focused Signature Bank, citing systemic risk

March 12, 2023 Mariel Alumit

U.S. regulators on Sunday shut down New York-based Signature Bank, a big lender in the crypto industry, in a bid to prevent the spreading banking crisis. “We are also announcing a similar systemic risk exception for […]

Bankruptcy

Record Bank Run Drained A Quarter, Or $42BN, Of SVB’s Deposits In Hours, Leaving It With Negative $1BN In Cash

March 11, 2023 Mariel Alumit

For much of the day, anyone doing analysis on the now-liquidated Silicon Valley Bank was confined to using stale financial data as of Dec. 31… we certainly were when analyzing the impact of SVB’s contagion […]

Extinction
Bankruptcy

VC Funds See “Mass Extinction Event” For Startups In 2023: “It Will Make The Financial Crisis Look Quaint”

March 8, 2023 Mariel Alumit

Leading venture capital players are predicting a “mass extinction event” for early- and mid-stage startups that will make the global fiscal collapse in 2008 “look quaint” by comparison. According to Globest, a new survey has […]

Economists
Bankruptcy

Economists Warn Americans Recession Is Coming

January 16, 2023 Mariel Alumit

Authored by Jack Phillips via The Epoch Times, Two top economists said that despite contrary predictions, a recession will likely hit the United States in the near future. “Some economists argue that the strength of […]

Massive
Bankruptcy

Massive Hedge Fund, Also Known As Swiss National Bank, Suffers Colossal $143 Billion Loss In 2022

January 10, 2023 Mariel Alumit

The last time we looked at the massive money-printing (literally) hedge fund that also moonlights as the Swiss National Bank, we were stunned to learn that its US equity holdings had exploded to a record […]

Alex
Bankruptcy

Alex Jones Files For Chapter 11 Bankruptcy In Texas

December 2, 2022 Mariel Alumit

Three weeks after Alex Jones was ordered to pay another $473 million in Sandy Hook judgements, bringing his total tab for the two cases to $1.48 billion, the Infowars founder and host filed for Chapter […]

Bitcoin-prices - ENB
Bankruptcy

Core Scientific Bitcoin Miner Hit By Energy Costs And Decline In BTC

November 24, 2022 Mariel Alumit

The world’s biggest publicly listed bitcoin miner by computing power, Core Scientific (CORZ), announced that it may run out of money before year’s end. At the end of October, the company had $32.2 million in […]

Bankruptcy

Is Crypto Conglomerate DCG In Trouble With Genesis On Verge Of Bankruptcy?

November 22, 2022 Stu Turley

Update (1440ET): Digital Currency Group founder and CEO Barry Silbert has responded to market chatter and sent a reassuring note to shareholders. The Block reports that Silbert told shareholders: “DCG will continue to be a […]

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