Skip to main content

Newsroom Headlines

SEC Nearing Settlement with Wall Street Firms over WhatsApp Probe

The U.S. Securities and Exchange Commission (SEC) is finalizing settlements with around two dozen Wall Street firms to resolve investigations into record-keeping lapses, Reuters reported. The

As the Archdiocese of Baltimore Faces Potential Bankruptcy, Untangling Its Assets Proves Murky

A law making it easier for victims of childhood sexual abuse to file lawsuits goes into effect Sunday, and the Roman Catholic Archdiocese of Baltimore is already preparing for how to pay survivors

Bank that Handles Infowars Money Appears to Be Cutting Ties with Alex Jones’ Company, Lawyer Says

A bank recently shut down the accounts of conspiracy theorist Alex Jones’ media company, citing unauthorized transactions — a move that caused panic at the business when its balances suddenly dropped

Bankrupt Burger King Franchisee Sells 70 Restaurants

Burger King franchisee Meridian Restaurants Unlimited sold a majority of its restaurants out of bankruptcy months after filing for court proceedings due to COVID pressures, QRS Magazine reported. The

Crypto Exchange Gemini Pulled Funds from Crypto Lender Genesis Months Before Bankruptcy Filing

Crypto exchange Gemini Trust Co. withdrew hundreds of millions of dollars from Genesis Global Holdco LLC several months before the lender froze deposits and ultimately filed for bankruptcy, Bloomberg

Analysis: The World’s Biggest Crypto Firm Is Melting Down

After FTX crashed, the world of crypto seemed to belong to the largest exchange, Binance. Less than a year later, Binance is the one in distress, the Wall Street Journal reported. Under threat of

Ohio Senate Passes Bill that Would Help Boy Scouts Abuse Victims Get More Settlement Money

Ohio victims of child sexual abuse while in the Boy Scouts of America could see more compensation for the crimes committed against them under legislation passed by the state Senate yesterday in a

Amazon Aggregator Thrasio Engages Restructuring Advisers

Thrasio, a startup that raised $3.4 billion to buy up consumer brands sold on Amazon, is exploring restructuring options as it contends with a post-pandemic slump in online spending, WSJ Pro

New York Mega Mall Has Muni Bond Rating Slashed Deeper into Junk

Municipal bonds tied to Destiny USA, the biggest shopping mall in New York state, were cut deeper into junk by Moody’s Investors Service on Wednesday because the complex is unlikely to meet a key

Wells Fargo to Buy NYC’s Neiman Marcus Space for $550 Million

Wells Fargo & Co. is buying the former Neiman Marcus space at Manhattan’s Hudson Yards for roughly $550 million and plans to convert it into offices, Bloomberg News reported. The transaction includes