Jan 20 (Reuters) – Crypto firm Genesis’s lending unit filed for U.S. bankruptcy protection against creditors on Thursday, overturned by a market rout with companies like exchange FTX and the BlockFi lender. Genesis Global Capital, one of the biggest crypto lenders, froze client redemptions on November 16 after FTX stunned the financial world with its …
Genesis crypto lending unit files for bankruptcy in the US Read More »
SAO PAULO, Jan 19 (Reuters) – A Rio de Janeiro court on Thursday accepted Brazilian retailer Americanas SA (AMER3.SA)’s application for bankruptcy protection, days after the company disclosed nearly $4 billion accounting inconsistencies that sparked a legal dispute with creditors and investors. Americanas, a 93-year-old company with stores across Brazil and a major e-commerce unit, …
Brazilian court grants bankruptcy protection to retailer Americanas Read More »
Jan 17 (Reuters) – Goldman Sachs Group Inc (GS.N) reported a bigger-than-expected 69% drop in fourth-quarter profit on Tuesday as it battled a drop in deals, lower revenue from the asset and wealth management and recognized losses in its consumer business. Wall Street banks are making drastic staff cuts and streamlining operations as trading activity, …
Goldman misses earnings estimates as deals slump and consumer business hits Read More »
Jan 3 (Reuters) – King Dollar’s reign is (definitely) coming to an end, bonds rebound and emerging markets rise again are just some of the deals international fund managers are betting on in 2023. Skyrocketing inflation and the global thump of nearly 300 central bank interest rate hikes in the past 12 months put a …
Gloom and boom: fund managers’ top picks for 2023 Read More »
