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Fintech Firm Titan to Pay over $1 Million to Settle U.S. SEC Charges

Fintech investment adviser Titan Global Capital Management USA LLC agreed to pay over $1 million to settle charges from the U.S. Securities and Exchange Commission (SEC) that it misled investors about

PBGC OKs Aid to Multiemployer Plan Facing Insolvency

The Pension Benefit Guaranty Corp. approved $36 million in special financial assistance to prevent a struggling multiemployer pension plan from going insolvent, Pensions & Investments reported. The

S&P Downgrades Multiple US Banks on Growing Liquidity Worries

S&P Global cut its credit ratings and outlook on multiple U.S. regional banks on Monday, saying higher funding costs and troubles in the commercial real estate (CRE) sector would likely test their

Bankrupt Yellow Draws New $1.5 Billion Bid for Truck Terminals

Old Dominion Freight Line stepped up competition for bankrupt trucker Yellow’s sprawling North American real-estate holdings, outbidding a rival operator with a $1.5 billion offer for the properties

Boy Scouts Processing Sexual Abuse Claims in $2.46 Billion Settlement

Survivors who say they endured sexual abuse during their involvement with the Boy Scouts of America are one step closer to receiving compensation, CBSNews.com reported. According to a statement from

Senior-Living Operator Files for Bankruptcy Due to Pandemic

A senior-living company filed for bankruptcy this week after it exhausted an emergency loan, the latest to falter because of COVID-19, Bloomberg News reported. Nashville Senior Care LLC’s plight

Babylon Health Files for Bankruptcy

London-based digital-first healthcare platform Babylon Health has filed for chapter 7 bankruptcy for two subsidiaries — Babylon Healthcare and Babylon Inc. — as it shuts down core U.S. operations

Cracks Deepen for America’s Biggest Hospital Landlord: Struggling Tenants, a Bailout on Hold

The nation’s largest hospital landlord said an unusual transaction that provided crucial financial support for one of its biggest tenants was a done deal. It wasn’t. The deal was good news for both

Hawaiian Electric Faces $4 Billion of Fire Costs, Capstone Says

Hawaiian Electric Industries faces $3.9 billion in potential liabilities if it’s deemed negligent for its role in the Maui wildfires, investment research firm Capstone LLC said in a Friday note

Union for Philadelphia Orchestra Musicians Authorize Strike If Talks Break Down

Musicians authorized a strike against the Philadelphia Orchestra if bargaining breaks down for an agreement to replace the four-year deal that expires on Sept. 10. Local 77 of the American Federation