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Celsius Names Fahrenheit as Winning Chapter 11 Bidder

Cryptocurrency lender Celsius Network selected Fahrenheit, a group of investors led by TechCrunch founder Michael Arrington, to run the reorganized company as it moves toward emerging from bankruptcy

First Republic’s $35 Million Banker Outearned JPMorgan’s Dimon Before Bust

First Republic Bank made its name catering to wealthy clients across California and New York, reeling in many with unusually sweet mortgages that eventually doomed the firm, Bloomberg News reported

JPMorgan Informs Some First Republic Employees of Job Losses

JPMorgan Chase and Co. has notified some employees of First Republic Bank that they are not being given jobs, even temporarily, as it starts to integrate the failed lender, Reuters reported. The bank

KKR-Backed GenesisCare Preps for Bankruptcy Filing Within Days

GenesisCare, a provider of cancer-care services backed by KKR, is preparing to file for bankruptcy within days, WSJ Pro Bankruptcy reported. The Australia-based company, which also operates in the U.S

How a Pandemic-Era Program Became a Magnet for Fraud

In early February, federal prosecutors in Utah accused Zachary Bassett and Mason Warr of cheating the United States government out of millions of dollars. The accounting firm they operated had

Bankruptcy Judge Rules Directors of Failed SVB Can Tap D&O Insurance

A bankruptcy judge is allowing current and former officials with the parent company of Silicon Valley Bank to tap into the $210 million in insurance coverage available through directors and officers

U.S. Treasury Debt Announcement Signals to Some June 1 Is Not 'X-Date'

The U.S. Treasury yesterday proceeded with announcing a pair of T-bill auctions for early next week that some market participants see as an indication that the debt ceiling's so-called "X-date" may

Office Real Estate Looks Dicey with REITs Plunging to a 2009 Low

Office real estate investments trusts are trading at their lowest level since 2009 as the trend toward remote work leaves desks empty and economic pressures tighten corporate budgets, Bloomberg

Average Long-Term U.S. Mortgage Rate Rises to 6.57% This Week, Highest Level Since Mid-March

The average long-term U.S. mortgage rate rose this week to its highest level since mid March, driving up borrowing costs for prospective homebuyers facing a housing market that’s constrained by a

Fed Officials Less Confident on the Need for More Rate Hikes, Minutes Show

Federal Reserve officials were divided at their last meeting over where to go with interest rates, with some members seeing the need for more increases while others expected a slowdown in growth to