On Thursday, John Ray, III, the new CEO of FTX, dropped a long-awaited declaration in U.S. bankruptcy court, giving a sober assessment of the collapse of Sam Bankman-Fried’s crypto empire. Read more
Tag: Corporate Actions
Credit Suisse strikes deal to sell securitized-products group to Apollo
Credit Suisse Group AG has entered into definitive transaction agreements to sell a large part of its securitized-products group and other financing businesses to Apollo Global Management Inc. as it Read more
Yes, you can invest as little as $100: Here are 4 ways to get started
This article is reprinted by permission from NerdWallet. The investing information provided on this page is for educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it Read more
Rheinmetall to acquire Spanish ammunition maker Expal for $1.24 billion
Rheinmetall AG RHM, -1.20% said it has agreed to acquire Spanish ammunition maker Expal Systems SA for an enterprise value of 1.2 billion euros ($1.24 billion). Expal , which is Read more
SoftBank Group shares fall after disappointing second-quarter results
SoftBank Group Corp. 9984, -13.33% shares fell sharply Monday morning after the Japanese technology investment company posted disappointing second-quarter results and failed to announce additional share buybacks. The shares were Read more
Twitter reportedly slashes more jobs, laying off thousands of contractors
Twitter laid off a large portion of its contract workforce over the weekend, according to multiple reports. Platformer’s Casey Newton first reported the layoffs Saturday, and said Sunday that about Read more
FTX bankruptcy is ‘somebody running a company that’s just dumb-as-f___ing greedy,’ says Mark Cuban
Billionaire Dallas Maverick’s owner Mark Cuban recently offered his perspective on the implosion of crypto platform FTX late this week. “‘That’s somebody running a company that’s just dumb-as-fucking greedy.’” — Read more
FTX is investigating a potential hack amid bankruptcy filing
Bankrupt cryptocurrency exchange FTX is probing a potential hack and asked customers to stay off the FTX website, the company said. More than $400 million worth of crypto funds appears Read more
FTX bankruptcy: Tom Brady, Steph Curry set to lose big from company’s collapse
Former FTX CEO Sam Bankman-Fried lost his entire $16 billion fortune in just a few days after his company filed chapter 11 bankruptcy protection on Friday, but he’s not the Read more
What FTX account holders can expect from the crypto exchange’s Chapter 11 bankruptcy
FTX, the unraveling cryptocurrency exchange, has plummeted from its high-profile perch into bankruptcy court. On Friday morning, FTX and related entities including Alameda Research, the affiliated crypto trading firm, filed Read more