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Judge Stays on New Orleans Roman Catholic Diocese Bankruptcy Despite Church Donations

A federal judge refused on Friday to recuse himself from the New Orleans Roman Catholic bankruptcy after an Associated Press report that he donated tens of thousands of dollars to archdiocese

Analysis: A Corporate Credit Crunch Is Just Getting Started

A month after the collapse of Silicon Valley Bank, the U.S. appears to have avoided the worst-case scenario — a rapidly escalating financial crisis — and markets have rebounded. And yet, just below

Brookfield Defaults on $161 Million Loan Tied to Suburban D.C. Offices, Says Broader Portfolio Remains Healthy

A major developer in Greater Washington, D.C., has defaulted on a $161 million loan balance connected to several of its local suburban office assets, the Washington Business Journal reported. The

U.S. Financial Regulators to Tighten Rules on Non-Bank Firms, Risk Assessment

The Financial Stability Oversight Council on Friday proposed guidance to make it easier to designate non-bank financial institutions for regulatory supervision and new procedures to better identify

U.S. Bank Deposits Fall $76.2 Billion, Led by Large Institutions

U.S. bank deposits fell last week, indicating the financial system remains fragile after a string of bank failures, Bloomberg News reported. Deposits decreased by $76.2 billion in the week ended April

Credit Suisse Details Painful Final Days Before Rescue

Credit Suisse Group AG gave a glimpse of its chaotic final weeks before a rescue last month by UBS Group AG in a first-quarter earnings report that showed operating revenue diving and customers

J&J Wins New, Temporary Shield Against Trials in Talc Bankruptcy

A bankruptcy judge has again shielded Johnson & Johnson from jury trials in roughly 40,000 pending talc-related lawsuits, advancing the company’s second attempt to resolve mass cancer claims through

BlockFi Gets Few More Weeks To Find Bankruptcy Exit Plan

BlockFi was granted more time to file a bankruptcy exit strategy on Wednesday, some five months after the crypto lender went bust, BlockWorks.co reported. Joshua Sussberg, BlockFi’s attorney, said the

U.S. Lets Bankrupt Voyager Sell User Accounts to Binance.US

The U.S. government reached an agreement with Voyager Digital Ltd. allowing the bankrupt cryptocurrency platform to sell its user accounts to Binance.US, meaning Voyager customers will be able to

Former U.S. Secret Service Agent Cites Crypto Crime to Back Anonymity for FTX Creditors

A former US Secret Service agent who specializes in probing financial cybercrime supported anonymity for creditors in the FTX bankruptcy because of risks from the criminals who stalk the