Newsroom Headlines

Nomura Securities International agreed to pay $35 million as part of a non-prosecution agreement with the federal government over residential mortgage backed securities trading fraud dating back more

McKinsey and several of its executives must face a critic’s lawsuit alleging the consulting firm concealed conflicts of interest from bankruptcy courts to win business advising on major corporate

The Roman Catholic Archdiocese of San Francisco filed for bankruptcy on Monday, saying a chapter 11 filing will facilitate a settlement of about 500 lawsuits accusing the church of enabling childhood

The Supreme Court recently announced that it will review Purdue Pharma’s bankruptcy settlement, which would release the company’s owners, the Sackler family, from future civil liability for the harms

For most people with federal student loans, the Supreme Court dashed their dreams of debt relief. Still, some borrowers are beginning to have their balances wiped away, Bloomberg News reported. The

The Metropolitan College of New York needs to save itself financially. But first it needs bondholders’ help, Bloomberg News reported. The college, located in New York City’s Financial District with

Sinclair Broadcast Group Inc. told a court it wants a faster breakup from its bankrupt sports broadcasting unit after the company was accused of draining more than $1.5 billion from the subsidiary

Fitch on Monday downgraded Hawaiian Electric Industries's credit rating to junk status, becoming the third ratings agency to flag risks associated with the utility's potential exposure to Maui

Puerto Rico’s bankrupt utility, which needs to restructure nearly $9 billion of debt, is closing in on a deal with at least two bondholders as soon as this Friday, Bloomberg News reported. BlackRock

Retailers are on track to open 1,000 net new stores in the U.S. this year as retail availability hits record lows, in fresh signs of the sector’s resilience despite turmoil in commercial real estate