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Adam Neumann Tries to Buy Back WeWork as Creditors Mull a Sale

Adam Neumann, the former chief executive and co-founder of WeWork, is trying to regain control of the bankrupt co-working company less than five years after the board forced him out, WSJ Pro

Giuliani Owes Over $1 Million in Taxes and a Payment to Trump Golf Club

Rudy Giuliani, the bankrupt former New York City mayor, owes more than $1 million in unpaid taxes, according to a Monday bankruptcy court filing, WSJ Pro Bankruptcy reported. Giuliani owes over $720

N.Y. Fed: Credit Card Delinquencies Surged in 2023

Credit card delinquencies surged more than 50% in 2023 as total consumer debt swelled to $17.5 trillion, the New York Federal Reserve reported yesterday, CNBC.com reported. Debt that has transitioned

SEC Adopts Treasury Market Dealer Rule as Part of Market Overhaul

The U.S. securities regulator on Tuesday adopted a rule requiring proprietary traders and other firms that routinely deal in U.S. government bonds and other securities to register as broker-dealers

New York Community Bancorp Sued by Shareholders as Stock Tumbles

New York Community Bancorp was sued on Tuesday by shareholders in a proposed class action after the lender posted unexpected commercial real estate loan losses and slashed its dividend, causing its

Yellen Concerned About U.S. Commercial Real Estate But Says Stresses Manageable

U.S. Treasury Secretary Janet Yellen on Tuesday said she is concerned about looming commercial real estate stresses on banks and property owners, but believes the situation is manageable with

New York Fed Finds Slightly Higher Supply Chain Pressure in January

Supply chain pressures rose but remained quite low at the start of the year suggesting shipping disruptions tied to trouble in the Middle East have yet to manifest themselves in generalized

Former NYC Condo Empire Executive Arrested for Larceny, Tax Fraud

A former New York executive facing lawsuits over the collapse of real estate empire HFZ Capital Group has been arrested in Miami, charged with grand larceny and tax fraud, Bloomberg News reported. Nir

WeWork Explores Bankruptcy Loan Options Amid Landlord Dispute

WeWork may be forced to take on a new bankruptcy loan to make up for slower-than-expected progress on rent negotiations, an attorney for the shared office space provider said yesterday, Reuters

SoftBank-Backed Medical Genetics Company Invitae Prepares for Bankruptcy

Invitae, a medical genetics company that received backing from SoftBank Group at the height of the pandemic has hired restructuring advisers and is preparing to file for bankruptcy within weeks, WSJ