According to the latest Wall Street Journal article, the struggling crypto funding service, Celsius Network, could be planning to declare bankruptcy after hiring structural advisors from consultancy c...
Tag: Bankruptcy
Celsius Enlists More Advisors to Help With Potential Bankruptcy: Report
Cryptocurrency lending company Celsius may be on the brink of bankruptcy, preparing for an upcoming filing by hiring more advisers, according to a report today from the Wall Street Journal, citing unn...
Goldman Sachs Reportedly Planning to Buy Celsius Network’s Crypto Assets in the Event of a Bankruptcy Filing
– Advertisement – The popular investment banking company is reportedly preparing to take advantage of the Celsius Network situation and acquire the lending platform’s assets for a discount...
Goldman Sachs Advise to Celsius to File Bankruptcy
41 seconds ago | 2 mins read Exchange News Celsius had more than $8 billion lent to clients and $12 billion in assets. All of Celsius’ assets might be bought by Goldman Sachs. The Wall Street firm Gol...
Here’s How Celsius Bankruptcy Filing Will Benefit Goldman Sachs
Investment bank Goldman Sachs is raising $2 billion to buy troubled crypto lender Celsius’ assets as it prepares for potential bankruptcy, according to Fortune. Goldman Sachs’ investors will be able t...
Goldman Sachs looks to buy Celsius’ assets for $2B as it is advised to file for bankruptcy
? Want to work with us? CryptoSlate is hiring for a handful of positions! Goldman Sachs is allegedly shopping around for investors to form a web3 fund to purchase Celsius assets. The multinational inv...
Celsius Has Hired Advisors in Case of Bankruptcy: WSJ
Key Takeaways Celsius has brought in advisors to help it prepare for potential bankruptcy, according to the Wall Street Journal. Insiders say that consultants from Alvarez & Marsal are helping the...
Revlon Declared Bankruptcy. Why Is Its Stock Soaring?
A funny thing happened on the way to Revlon’s bankruptcy. By all accounts, it should have been lights out for Revlon (REV) – Get Revlon Inc. Report. On June 16, the cosmetics company fil...
Why Is Revlon Stock Up 600% After Filing For Bankruptcy?
John Nacion/STAR MAX/IPx Key Takeaways Revlon filed for Chapter 11 bankruptcy last week under the weight of $3.3 billion in debt They’ve secured $375 million in additional debt that will allow them to...
3AC Hires Legal And Financial Advisers To Help Avert A “Bankruptcy” Situation ⋆ ZyCrypto
Advertisement     Beleaguered Singapore-based cryptocurrency hedge fund Three Arrows Capital “3AC” has reportedly hired external financial and legal advisers to help w...
Why the retail industry is facing a bankruptcy wave
Revlon makeup products are displayed at a CVS store on August 9, 2018 in Sausalito, California. Justin Sullivan | Getty Images The retail industry is up against a potential wave of bankruptcies follow...
Revlon’s Bankruptcy Proceedings Complicated By Citi’s $900M Loan Repayment Error: FT
American City Business Journals Revlon shares climb as buyout rumors follow bankruptcy filing A report that an Indian multinational conglomerate is considering buying Revlon Inc. out of bankruptcy dro...
Google files for bankruptcy in Russia
Alphabet, Google’s subsidiary in Moscow, has decided to file for bankruptcy following the freezing of its accounts by the Russian government. Google’s Russian subsidiary prepares to file for bankruptc...
Revlon Has Declared Bankruptcy. More Defaults Could Be on the Way.
Text size Cosmetics company Revlon has filed for Chapter 11 bankruptcy. There could be more defaults on the way for U.S. companies. Dreamstime With fears that a recession is looming, there could be mo...
A Crypto Bankruptcy Could Be Investors’ Nightmare
The cryptocurrency market’s latest swoon is giving investors a painful lesson about the risks of trading digital tokens through intermediaries. In a bankruptcy restructuring, crypto investors would be...
Revlon files for Chapter 11 bankruptcy protection
Cosmetics giant Revlon filed for Chapter 11 bankruptcy protection on Wednesday evening as it grappled with a cumbersome debt load and a snarled supply chain. The company said it expects to receive $57...
Here’s Why Bankruptcy May Be The Only Option For Celsius Network
Celsius Network appears to be on the brink of insolvency, and bankruptcy may be the only option for one of the largest centralized crypto lending platforms. Celsius is currently exploring every option...
Celsius Network Game Over ! Here’s Why Bankruptcy Seems Imminent
Celsius is presently investigating all possibilities to avoid insolvency, including consulting restructuring attorneys to address its financial issues. This also includes appointing Citigroup to assis...
Celsius’s situation worsens. What is next? Bankruptcy?
Another crisis is wracking the digital-asset sector a month after the collapse of Terra stablecoin sent the market tumbling, generating fresh trepidation among all cryptocurrencies. On Sunday, Celsius...
EV-startup Electric Last Mile Solutions files for bankruptcy
Electric vehicle-startup Electric Last Mile Solutions Inc. filed chapter 7 bankruptcy Tuesday. The Troy, Mich.-based vehicle maker listed assets and liabilities each of between $50 million and $100 mi...
Report: Unexpected liquidations may force Three Arrows Capital into bankruptcy
The present market situation echoes the early days of the 2008 financial crisis, owing to increased liquidations and conservative investor sentiments. Three Arrows Capital (3AC), a Dubai-based hedge f...
Revlon Stock Collapses On Reports Of Imminent Chapter 11 Bankruptcy
Updated at 3:46 pm EST Revlon (REV) – Get Revlon Inc. Report shares extended declines Monday following a report that suggested the iconic cosmetics group could file for Chapter 11 bankruptcy pr...
EV start-up Electric Last Mile Solutions to declare bankruptcy
The ELMS Urban Delivery, anticipated to launch later this year, is expected to be the first Class 1 commercial electric vehicle available in the U.S. market and will be produced at the Company’s...
Revlon Is Preparing to File for Bankruptcy
(Bloomberg) — Cosmetics giant Revlon Inc. is preparing to file for Chapter 11 bankruptcy as soon as next week as it battles supply chain problems and a heavy debt load, according to people with ...
Cosmetics Maker Revlon Nears Chapter 11 Filing
Revlon Inc. is preparing to file for chapter 11 protection as soon as next week after struggling for years with too much debt, stiff competition in the cosmetics business and more recent inflation and...
Revlon Plunges After Report It’s Preparing Bankruptcy Filing
(Bloomberg) — Revlon Inc. plunged 53%, the biggest one-day drop on record, after distressed debt news outlet Reorg reported that the cosmetics empire is preparing to file for bankruptcy. Most Re...
Coinbase Scares Customers with Bankruptcy Chatter
Popular crypto exchange Coinbase gave its users quite a scare the other week when it issued a statement explaining that the crypto assets stored on its platform are not protected through standard bank...
Coinbase CLO Responds to Bankruptcy Concerns Surrounding Latest Earnings Report
Paul Grewal – Chief Legal Officer at Coinbase – has cleared the air on the company’s latest 10q which included worrying language pertaining to the management of customers’ funds in the event of bankru...
Thai AirAsia X Files Seeks Bankruptcy Protection While Resuming Some Flights
AAX – XBC receiving ceremony Ariff Shah Sopian Thai AirAsia X, the long-haul budget airline under the AirAsia group, said its application for bankruptcy protection was accepted by Thailand’s Cen...
Coinbase bankruptcy disclosure spooks users of losing their funds
The cryptocurrency market has not performed well during the past few weeks. The crash in the market was triggered by the collapse of Terra (LUNA) and UST. Moreover, the recent policies by the Federal ...