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FTX Seeks to Claw Back $240 Million from Embed Acquisition

Bankrupt cryptocurrency exchange FTX is suing former chief executive Sam Bankman-Fried and others over the acquisition of stock trading platform Embed, looking to claw back hundreds of millions in

Bankrupt Crypto Lender Voyager Digital Predicts 35% Customer Payout

Crypto lender Voyager Digital said Wednesday that customers will soon recover about 35% of their cryptocurrency deposits as the company winds down operations after a failed buyout attempt by crypto

Puerto Rico Aims to Woo Wall Street and Put Bankruptcy in Rearview Mirror

Barely a year out of bankruptcy, Puerto Rico’s top officials are descending on Wall Street in an attempt to convince global investors that the Caribbean island — long battered by hurricanes and fiscal

As Consumers Pull Back Postpandemic, Troubled Retailers Lose a Lifeline

Troubled retailers that stayed alive thanks to heady consumer spending during the pandemic are now showing signs of distress, filing for bankruptcy at the highest rate since 2020 and closing hundreds

Regulators Rebut Claims by Silicon Valley Bank’s Ex-CEO

When asked in a Senate hearing this week who was to blame for the demise of Silicon Valley Bank, the lender’s former chief executive, Greg Becker, had plenty of ideas, blaming regulators, the bank’s

SEC Proposes Plan to Bolster Clearinghouses’ Resiliency

The U.S. Securities and Exchange Commission on Wednesday voted to propose a plan to bolster the resiliency of clearinghouses during times of significant market stress, such as the 2021 "meme stock"

PG&E Reaches $150 Million Settlement over Deadly 2020 Zogg Fire

A $150 million settlement was approved Thursday by the California Public Utilities Commission (CPUC) between Pacific Gas and Electric Co. and the CPUC's Safety and Enforcement Division regarding PG&E

A Crypto Hedge Fund Imploded. The Comeback Isn’t Going So Well

Su Zhu and Kyle Davies, who ran collapsed crypto hedge fund Three Arrows Capital, are among the founders of Open Exchange, which wants to let its customers trade bankruptcy claims on failed crypto

The Scramble to Take Over What Bed Bath & Beyond Left Behind

Engaged couples are struggling to navigate Bed Bath & Beyond’s faltering wedding registry system. Suppliers are scrambling to cultivate new business partnerships. Landlords are quickly closing deals

Failed Crypto Broker Voyager Digital Cleared to Start Repaying Customers’ Frozen Funds

Failed cryptocurrency brokerage Voyager Digital Holdings Inc. won court approval to begin winding down its operations and start repaying customers a portion of their crypto that’s been held on its