Citigroup is reportedly contemplating substantial job reductions of at least 10 per cent in several of its major business segments as part of a comprehensive reorganisation effort led by CEO Jane Fraser, a CNBC report said citing sources. Citigroup had previously signalled the possibility of job cuts as it unveiled its sweeping overhaul plan…
DetailsThe move is a blow for landlords who have rented space to the co-working group, which is planning a comprehensive reorganization that includes cutting some of its leases. WeWork, the real estate company that offered start-ups and individuals sleek quarters to pursue their entrepreneurial dreams, filed for bankruptcy protection in the United States on Monday…
DetailsSocial media researchers have cancelled, suspended or changed more than 100 studies about X, formerly Twitter, as a result of actions taken by Elon Musk that limit access to the social media platform, nearly a dozen interviews and a survey of planned projects show. Musk’s restrictions on critical methods of gathering data on the global…
DetailsA 31-part Twitter thread by Genesis creditor Vijay Boyapati alleges Digital Currency Group (DCG) and its CEO Barry Silbert perpetrated fraud to hide massive Genesis losses stemming from Three Arrows Capitals (3AC) implosion. Boyapati argues DCG provided a bogus $1.1 billion promissory note to paper over Genesis insolvency, misleading creditors and buying time. The scheme…
Detailsmarks a significant step forward in enhancing the business framework in Ghana The Ghana Association of Restructuring and Insolvency Advisors (GARIA) has unveiled the maiden edition of the Corporate Insolvency and Restructuring Journal, marking a significant step forward in enhancing thought leadership in the business framework space in Ghana. Ghana’s journey towards an improved business…
DetailsIf the outstanding balance on your credit card has ballooned to uncomfortable heights, its time to change your habits and start paying that debt off. More than half of all Americans are currently arent managing to pay their credit card bills in full each month, J.D. Power found recently, helping explain why we now owe…
DetailsThe High Court has approved a Personal Insolvency Arrangement that allows a company director to write off over 3 million of debt owed to financial institutions for a payment of just over 8,000. Mr Justice Alexander Owens approved the PIA in respect of 60-year-old Patrick Reilly, who under the terms of the agreement will put…
Details“Buy-now, pay-later” firm Klarna aims to return to profit by summer 2023. Jakub Porzycki | NurPhoto | Getty Images Buy now, pay later firm Klarna has established a holding company in the U.K. that will sit at the top of its corporate structure, in a symbolic move that paves the path for an eventual listing.…
DetailsA Fresno and Reedley-based fruit grower and packer is objecting to a motion filed by debtors to bankrupt Prima Wawona to approve the sale of the companys assets. Trinity Fruit Company argued that the motion is preventing it from receiving payment for perishable products that it provided. The backstory: Prima Wawona, the nations largest peach…
DetailsThe 2023 Hulu comedy Quiz Lady stars Sandra Oh and Awkwafina as sisters who find themselves on a trip to raise money to pay their mothers gambling debt and to rescue a kidnapped dog. The only way to raise the money they need is to become a champion on the fictional TV quiz show Cant…
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