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Soaring borrowing costs and plunging prices walloped the global commercial-property market last year. Now, more clarity around values and an urgent need to address looming debt maturities are expected

A bipartisan group of congressman on Wednesday unveiled legislation that would require federal agencies and their artificial intelligence vendors to adopt best practices for handling the risks posed

The U.S. Supreme Court yesterday heard oral arguments yesterday in the case of Office of the United States Trustee v. John Q. Hammons Fall 2006, LLC on whether the federal government should refund

SVB Financial Group, the former parent company of Silicon Valley Bank, has struck a deal with key creditors in a step toward resolving its bankruptcy case, Bloomberg News reported. SVB Financial and a

Rite Aid is selling its Elixir pharmacy benefit management (PBM) company to another PBM, MedImpact Healthcare Systems for $575 million, the drugstore chain said yesterday, Forbes.com reported. Rite

Drug manufacturer Endo International Plc won bankruptcy court permission to poll its creditors on a plan that would hand control of the business to lenders and settle opioid liabilities in deals

Home to the city of Birmingham, Jefferson County, Ala., earned the dubious distinction of being the biggest U.S. municipal borrower to go bankrupt when it entered court protection in 2011. Now, armed

Advances in artificial intelligence may facilitate hacking, scamming and money laundering by reducing the technical know-how required to carry out such crimes, top U.S. law enforcement and

U.S. asset managers remain hopeful the securities regulator will permit the trading of spot bitcoin exchange-traded funds (ETFs), even after a fake post on the agency's social media account saying

The owner of mixed-use building Bloom on 45th in Manhattan has filed for bankruptcy, saying fallout from the COVID-19 pandemic as well as interest-rate hikes have made it unable to meet its debt