Katie Price has opened up about bankruptcy being ‘quite good’ for her. The mum-of-five was declared bankrupt in 2019 and now has debts totalling 3.2m. She had been due to appear at Londons Royal Courts of Justice to answer questions about her debts in June last year, but the court hearing was postponed. She will…
DetailsTyler and Cameron Winklevoss cofounded Gemini (Photo: Michael Loccisano/Getty Images for Mercedes-Benz Fashion Week) SAN FRANCISCO, CALIFORNIA: Well-known Crypto brokerage Genesis has filed for bankruptcy, according to sources inside the industry. Following the catastrophic collapse of Sam Bankman Fried’s FTX, where the lender stored some of its cash, the filing took its route through the…
DetailsJan 20 (Reuters) – Caisse des Depots’s (CDC) offer to restructure Orpea’s (ORP.PA) debt is still on the table, the French public financial institution said on Friday, a day after the care homes group said it had failed to reach agreement with investors and creditors. “We want to have control of the governance so that…
DetailsLONDON, Jan 20 (Reuters) – The bankruptcy of a major storage terminal planned in northwest Europe has supported regional tank storage rates for diesel and gasoline, just as European traders rush to fill up diesel tanks ahead of a Feb. 5 ban on Russian fuel. Earlier this month, the district court in Rotterdam declared the…
DetailsAfter suspending redemptions for its customers last November and battling Gemini cofounders Cameron and Tyler Winklevoss since then, Barry Silberts Genesis Global Capital filed for bankruptcy on Thursday. Genesis, itself a subsidiary of billionaire Barry Silberts Digital Currency Group that connects institutional investors to digital asset markets, said in the filing that it owes creditors…
DetailsEditorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors’ opinions or evaluations. Planning to charge your next gameday wager to your credit card? While this may be possible, its a risky bet. Despite credit cards ubiquity and convenience for digital transactions, funding online gambling with your…
DetailsBy Olga Kharif | Bloomberg, The history of cryptocurrencies has rarely been dull, but the latest meltdown delivered a series of shocks that shook the foundations of digital assets. A cascade of blowups, including the collapse of a so-called stablecoin in May and the epic unravelling of the FTX crypto exchange in November, left a…
DetailsJan 19 (Reuters) – Zambia needs “desperate debt relief” and agreements under a Group of 20 restructuring vehicle are proving difficult, the World Bank’s managing director of operations said on Thursday. “In the last two years, we have seen the limitations of the common framework,” Axel van Trotsenburg told a panel at the World Economic…
DetailsRepresentative Image ‘).insertAfter(“.article-content__img”);$(“.article-content__img div”).find(‘div’).remove(); //]]> Current account deficit likely to narrow in 2023: RBI’s January bulletin Lead indicators suggest that domestic current account deficit (CAD) is likely to reduce in 2023, while macro-economic stability has received a boost from inflation being brought back to the official tolerance band, according to the Reserve Bank of Indias…
DetailsJan 19 (Reuters) – * GENESIS INITIATES PROCESS TO ACHIEVE GLOBAL RESOLUTION TO MAXIMIZE VALUE FOR ALL CLIENTS AND STAKEHOLDERS AND STRENGTHEN ITS BUSINESS FOR THE FUTURE * GENESIS GLOBAL HOLDCO-AMPLE LIQUIDITY OF MORE THAN $150 MILLION TO SUPPORT OPERATIONS AND FACILITATE RESTRUCTURING PROCESS * GENESIS – GENESISS OTHER UNITS INVOLVED IN DERIVATIVES AND SPOT…
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