Newsroom Headlines

The Supreme Court on Monday will consider the Biden administration’s bid to scuttle a $6 billion accord between bankrupt drugmaker Purdue Pharma LP and its billionaire owners, Bloomberg News reported

Crypto lender Celsius Network may have to seek a new creditor vote on its proposed transformation into a bitcoin-mining business, a U.S. bankruptcy judge said during a court hearing on Thursday

A Chilean wind farm operator backed by Latin American Power has filed for bankruptcy in the U.S. with a restructuring deal that would provide financial relief from a debt default due to increased

Bankrupt trucking company Yellow is considering an offer to revive the carrier and rehire thousands of its former workers as it weighs competing bids at a court-supervised auction that would disperse

Bank of America has been fined $24 million after two former traders placed phony "spoof" trades to try to influence the market for U.S. Treasuries, the Financial Industry Regulatory Authority said on

The biggest U.S. convertible bond issue in nearly two years confirmed that the asset class’s comeback is well underway, as companies seeking to lower the cost of their debt are rushing to beat the

A flurry of states now require financial literacy classes for high school students, covering topics like budgeting, saving and managing debt, the New York Times reported. Just seven states — Alabama

The rapid rise of private credit may pose unforeseen threats to the U.S. banking system, according to two senior Democratic senators, Bloomberg News reported. Sherrod Brown, who chairs the Banking

Conservative U.S. Supreme Court justices on Wednesday signaled skepticism toward the legality of certain proceedings conducted in-house by the Securities and Exchange Commission to enforce investor

FTX Trading Ltd. won bankruptcy court approval to begin selling its stakes in digital trusts managed by crypto firm Grayscale Investments in order to raise money to repay creditors owed billions of