Besieged Swiss lender Credit Suisse has been racing to finalize asset sales to help pay for its much-anticipated strategic overhaul, set to be unveiled on Thursday. The pressure is on new CEO Ulrich K...
Tag: Restructuring
Naked Wines’ Share Price Leaps 28% As Restructuring, Board Changes Announced
NAPA, CA – AUGUST 26: A visitor holds a glass of wine while tasting at Madonna Estate Winery on … [+] August 26, 2014 in Napa, California. Two days after a 6.0 magnitude earthquake rocked ...
Here’s what Goldman Sachs CEO said on Q3 results and restructuring
Goldman Sachs Group Inc (NYSE: GS) is trading up this morning after the bank reported market-beating results for its fiscal third quarter. Highlights from CEO Solomon’s interview with CNBC Also on Tue...
Intel’s Workforce Reduction and Organizational Restructuring Not Enough, Fears Analyst
BofA analyst Vivek Arya maintained an Underperform on Intel Corp (NASDAQ: INTC) and a $30 price target. Two separate media reports suggested INTC’s plan to reduce its marketing and sales headcount by ...
Says Celsius Has Sent Restructuring Plan to UCC – crypto.news
In a Twitter space held by Digital Asset News last week, Celsius CEO Alex Mashinsky broke his long silence about the crypto lender’s bankruptcy mess. Simon Dixon Accuses Mashinsky of Lying Mashinsky g...
Troubled Exchange CoinFLEX’s Restructuring Poised to Pass
CoinFLEX paused withdrawals in June after a single client failed to meet a margin call, the exchange said Fewer than one million tokens have been allocated to vetoing the plan Months after unveiling i...
CoinFlex creditors overwhelmingly back restructuring plan in early voting
CoinFlex’s creditors have overwhelmingly backed the Seychelles-based crypto exchange’s restructuring plans in the early hours of voting on the proposals. After almost five hours of voting...
CoinFlex Creditors Backs Company’s Restructuring Plans
With the embattled cryptocurrency trading platform, CoinFlex may be getting headway with its restructuring plans as most of its creditors are backing the idea, as revealed in early voting. According ...
Crypto Exchange CoinFLEX Plans For Restructuring
CoinFLEX is one of the crypto exchanges that suffered during the bearish trend and is currently paving for restructuring. Following its filings for reorganization at s Seychelles court, the exchange r...
Coinflex plans give 65% of company to creditors as part of restructuring proposal
Cryptocurrency exchange CoinFlex announced a structuring proposal in response to user feedback following the platform experiencing liquidity issues. In a Wednesday blog post, CoinFlex said under the p...
CoinFLEX Announces Restructuring Proposal, Allocating 65% Shares to Creditors
CoinFLEX on Wednesday announced a restructuring proposal and the next immediate steps the crypto exchange will take. The company released a term sheet in which it said that creditors will own 65% of t...
Analysis of Alameda Research’s $200mm Loan Repayment to Voyager Digital
September 20, 2022, 8:49PM EDT • 2 min read Quick Take Alameda to return ~$200mm of BTC and ETH to Voyager Digital Repayment must be completed by September 30, 2022 per filings Failure to repay by 5:...
Crypto Exchange CoinFlex Proposes Restructuring Plan
Beleaguered cryptocurrency exchange CoinFLEX has released a restructuring plan more than a month after filing for the same at a Seychelles court. It was one of the several firms to have gone into rest...
Vitalik Shares Ideas Regarding the Restructuring of ENS Fees – crypto.news
Vitalik Buterin has released an article on ENS name registration costs and strategies for long-term namespace sustainability. It raises several very important issues and departs from the straightforwa...
Snap to ‘sunset’ web3 team in company restructuring
Snapchat parent Snap Inc. appears to be shuttering its web3 team in light of a company-wide restructuring plan that calls for reducing overall staff by about 20%. One of the team’s founders, Ja...
Snap to shed off its web3 team in company restructuring
Taking the restructuring plan into consideration, Snap will shed off its 20% staff. The revenue growth of the company is also very low from what they expected. Snap Inc., a camera and a parent company...
Doubts Over Celsius’s Mining Business Claims Arise, CelsiusUCC Update on Restructuring Talks – crypto.news
Emerging reports indicate that soon after its downfall, Celsius spent around $40 million on its mining operations. When meeting with Celsius creditors, Finance Chief Chris Ferraro recently said that t...
Snap Inc just announced a restructuring plan
Snap Inc (NYSE: SNAP) is in the green this morning after announcing a “restructuring plan” that it expects will lower costs by $500 million annually. Snap to cut workforce and scrap projects In a memo...
Zipmex Meets With Thai Regulators To Discuss Restructuring Plan
Embattled crypto exchange Zipmex has requested meetings with Thai regulators to discuss a recovery plan. The meetings will be attended by Zipmex, Thailand’s Securities and Exchange Commission (SEC), a...
Zipmex Appoints Restructuring Firm Kordamentha To Work on Recovery Plan
Zipmex, a cryptocurrency exchange based in Singapore, announced on Friday that it has appointed an Australian restructuring firm, KordaMentha Pte, to assist with a recovery plan. KordaMentha will work...
Crypto Exchange Zipmex Appoints Restructuring Firm to Forge Recovery Plan
Zipmex is one of many crypto companies that withered as the market slid earlier this year. Bitcoin fell from $69,000 to $17,000 in six months, bankrupting lenders like Celsius Network and Voyager Digi...
Zipmex Taps Restructuring Firm as it Fights To Stay Afloat
Zipmex said it will lay out a recovery plan to government agencies as it seeks to close deals on some much-needed investor funding The embattled exchange has also appointed a restructuring and financi...
Embattled Crypto Futures Exchange Files for Restructuring Amid Ongoing Legal Battle
Crypto futures exchange CoinFLEX is reportedly seeking court approval for a restructuring plan as it faces financial trouble following a substantial default by one of its customers. Citing an email se...
CoinFLEX files for restructuring in Seychelles court amidst crisis
Renowned crypto exchange, CoinFLEX has filed for restructuring in a local court in Seychelles. The crypto exchange revealed this development to its users via mail. Coinflex disclosed that the mail ten...
CoinFLEX files for restructuring in Seychelles court: Bloomberg
Crypto exchange CoinFLEX has filed for restructuring in Seychelles, Bloomberg reported on Tuesday. CoinFLEX announced the restructuring process in emails to customers on Tuesday. “It will seek ...
Troubled CoinFLEX Files for Restructuring in Seychelles
On Tuesday, the troubled Cryptocurrency exchange, CoinFlex, filed for restructuring in a Seychelles court to resolve a shortfall due to a counterparty failing to make a margin call. The company sent o...
CoinFLEX Files Restructuring Case in Seychelles Court
Following the halt to all CoinFLEX withdrawals in June – and the subsequent partial restart in July – CoinFLEX has filed a motion to be restructured with the authorities in the Seychelles Islands. In ...
CoinFLEX Files for Restructuring in Seychelles
Crypto futures exchange CoinFLEX on Tuesday filed for restructuring in a Seychelles court as part of its efforts to address a shortfall caused by a counterparty who failed to make a margin call. CoinF...
Germany-based Nuri files for insolvency, CoinFlex kicks off restructuring process
Unfavorable market conditions have forced German-based crypto bank Nuri to file for insolvency. Nuri announced on August 9 that it has become insolvent due to financial struggles due to the crypto win...
Ant Group’s profit contribution to Alibaba falls for first time amid restructuring, regulatory pressure
Ant Group, operator of popular Chinese online payment service Alipay, contributed less to Alibaba Group Holding’s net profit in the June quarter than a year earlier, as regulatory pressure and e...
Commentary on Stronghold Digital Mining’s Q2’22 Earnings
August 30, 2022, 5:09PM EDT • 2 min read Quick Take Stronghold Digital Mining reported Q2’22 earnings on August 16, 2022 $SDIG currently trades at $1.40 / share, down ~93% from its IPO price of $19.0...