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The seeds of First Republic Bank’s downfall were sown in the jumbo mortgages of Silicon Valley, where a unique strategy to loan wealthy individuals extraordinary sums of money blew up in spectacular

Lordstown Motors Corp. may be forced to cease operations and file for bankruptcy after manufacturing giant Foxconn told the electric-vehicle company that it’s prepared to pull out of a production

Appaloosa Management, Centerbridge Partners and Silver Point Capital are among the titans of distressed-debt investing pushing for big payouts in the bankruptcy case of the former owner of Silicon

Vice, the brash digital-media disrupter that charmed giants like Disney and Fox into investing before a stunning crash-landing, is preparing to file for bankruptcy, the New York Times reported. The

Bankruptcy Judge Mary F. Walrath on Friday approved a multibillion-dollar business wind-down for Reverse Mortgage Investment Trust (RMIT), one day after a delay allowed the company to provide

Lannett Co. said it plans to file for bankruptcy with a restructuring agreement that will help the generic-pharmaceutical company cut $511 million in debt, WSJ Pro Bankruptcy reported. Trevose, Pa

Akorn Pharmaceuticals has issued a voluntary recall of its drugs following the company's decision to close shop, USA TODAY reported. The recall list is comprised of 75 human drugs and 9 veterinary

The operator of the former Bell Bank Park sports complex in Mesa, Ariz., filed for bankruptcy more than a year after opening, seeking a sale to repay roughly $300 million in defaulted municipal debt

The Federal Deposit Insurance Corp. (FDIC) yesterday recommended that Congress consider expanding its regulatory powers to backstop certain deposits so that it could prevent bank runs, the New York

Treasury Secretary Janet L. Yellen said yesterday that the U.S. could run out of money to pay its bills by June 1 if Congress does not raise or suspend the debt limit, putting pressure on President