Mar 17 Parent of Silicon Valley Bank files for bankruptcy protection By Michelle Chapman, Associated Press SVB Financial Group is filing for Chapter 11 bankruptcy protection. SVB Financial Group is no longer affiliated with Silicon Valley Bank or the bank’s private banking and wealth management business, SVB Private. Continue reading
Dec 13 WATCH: Current FTX CEO says lax oversight, bad decisions caused failure By Glenn Gamboa, Associated Press The new CEO of the failed cryptocurrency exchange FTX is appearing before a House committee Tuesday, detailing for lawmakers the lack of oversight and financial controls that he discovered since taking over the company a month ago. Continue reading
Nov 11 Embattled cryptocurrency exchange FTX files for bankruptcy following collapse By Matt Ott, Associated Press Embattled cryptocurrency exchange FTX, short billions of dollars, is seeking bankruptcy protection following its collapse this week. Continue reading
Dec 13 USA Gymnastics, USOPC reach $380 million settlement with victims of sexual abuse By Will Graves, Associated Press Rachael Denhollander, the first woman to detail sexual abuse at the hands of former USA team doctor Larry Nassar, says the lawsuit wasn't about the money but the hope of effecting change within the organization. Continue reading
Sep 30 Watch 5:03 Exploring Evergrande's financial failures and why China's government is stepping in By Nick Schifrin "Too big to fail" was a phrase used during the global financial crisis for large companies so over-extended that their collapse could cripple global finance. China is now trying to take a too-big company with too much debt, and manage… Continue watching
Aug 19 Boy Scouts get conditional approval of $850 million bankruptcy deal By Randall Chase, Associated Press A Delaware judge has ruled that the Boy Scouts of American can enter into a pivotal $850 million agreement that the organization hopes to use as a springboard to emerging from bankruptcy later this year, but rejected two key provisions… Continue reading
Aug 12 Judge set to begin key hearing in Boy Scouts bankruptcy case By Randall Chase, Associated Press The Boy Scouts of America is asking a Delaware bankruptcy judge to approve an $850 million agreement that is key to the group's proposed reorganization plan. Continue reading
Jul 02 Boy Scouts of America reaches $850 million agreement with victims By Randall Chase, Associated Press The Boy Scouts of America have reached an $850 million agreement with attorneys representing some 60,000 victims of child sex abuse in what could prove to be a pivotal moment in the organization's bankruptcy case. Continue reading
May 04 Watch 6:14 Is the NRA's bankruptcy filing just a way to escape regulation? By Stephanie Sy, David Coles, Harry Zahn The surge of high-profile mass shootings in the U.S. are increasing calls for stronger action on gun violence, access to weapons and its limitations. When discussing gun control, people often point to the long reach and influence of the NRA,… Continue watching
Jan 15 NRA declares bankruptcy, plans to incorporate in Texas By Paul Weber, Associated Press The announcement Friday comes months after New York's attorney general sued the NRA over claims that top executives illegally diverted tens of millions of dollars for lavish personal trips. Continue reading