NEW YORK, Aug 4 (Reuters) – UBS Group AG (UBSG.S) is poised to make sweeping changes to the senior ranks of its investment banking division globally as soon as Monday, marking a new milestone in the process of integrating Credit Suisse, people familiar with the matter said. The changes are aimed at producing unified teams…
More than 20,000 New Yorkers who lost their retirement savings will get help from the American Rescue Plan, according to the union’s president. Frank DeRiso, president of United Food Commercial Workers Union Local 1, told Spectrum News 1 that special financial assistance from American Rescue Plan money is going to make the shortfalls right. Members…
Photo: Jodson Alves/Agncia Brasil The Federal Government is already starting to debate on an interim basis the support for the processing of the project that can legalize gambling in Brazil, the so-called Legal Framework for Gambling. Approved in the Chamber of Deputies at the beginning of last year, the project is stagnant in the Senate,…
Former Wajir County Governor Mohamed Abdi Mohamud. [File, Standard] High Court in Nairobi has found former Wajir Governor Mohamed Mohamud and his wife Kheira Maalim bankrupt for failing to pay Sh 4.1 million debt owed to a tiles company. High Court judge David Majanja found that Mohamud and Kheira were unable to pay their dues…
The lender added that if the bankruptcy plan is approved, it will focus its efforts on recovering money from other firms, some of which have also declared bankruptcy and are in the process of restructuring. This includes Alameda Research, FTX, Three Arrows Capital, Emergent, Marex, and Core Scientific. Read the full article at: https://www.coindesk.com/business/2023/08/03/blockfis-disclosure-statement-gets-court-approval/
Micromobility.com, home of Helbiz, has submitted a non-binding bid to acquire VanMoof, following news that the Dutch e-bike brand was declared bankrupt last month. Beginning with shared e-scooters in Italy in 2018, today micromobility.com offers e-scooters, e-bikes and e-mopeds on short-term and long-term rentals as well as retail sales. The company said its bid demonstrates, the company’s strong…
Chat app Discord has let go of nearly 40 employees (4% of its workforce) as part of company’s restructuring efforts, according to multiple reports. Several Discord former employees posted on Twitter and LinkedIn that they were impacted by the layoffs. The job cuts have affected people in marketing, design, and entertainment partnership teams. The company…
Getty Images The firm of one of Wales’ most famous fashion designers who has dressed stars like Beyonc and Jennifer Lopez, has gone into liquidation. Julien MacDonald’s company hit trouble during the pandemic and officially went into liquidation on 26 July. It means employees have been sacked and liquidators have had to sell all stock.…
In the span of 20 years of his boxing career, Mike Tyson has generated a massive wealth of an estimated $400 million. Well, he gradually lost everything, and in 2003, he declared bankruptcy with a $23 million debt. By 2018, Tysons resilience helped him overcome this rough patch and brought his net worth to a…
Aug 4 (Reuters) – Shares of Tupperware Brands (TUP.N) surged 53.1% in premarket trading on Friday, after the kitchen storage container maker finalized a debt restructuring deal, reinvigorating individual investors’ interest in the company. The Florida-based firm is making an attempt to turn around its business after raising doubts in April about its ability to…