Gemini customers get back over $2 billion in crypto from Genesis bankruptcy – Reuters
Gemini customers get back over $2 billion in crypto from Genesis bankruptcy Reuters Read the original article here
Australia regulator flags surge in company insolvencies to 11-year high – Reuters
Australia regulator flags surge in company insolvencies to 11-year high Reuters Read the original article here
Council bankruptcy tracker: authorities under increasing financial strain
Birmingham City Council had to issue a section 114 notice in August 2023 facing a bill for equal pay claims of up to £760m. Photo by Shutterstock Councils across the country find themselves in a turbulent financial position. Since 2021 six local authorities have declared themselves effectively bankrupt, with a raft of councils warning they…
Gainax, the studio behind Evangelion, goes bankrupt and disappears after 40 years of history
The day started with very bad news for anime fans and lovers of Neon Genesis Evangelion. Gainax, the studio behind the animated series of the franchise, declared bankruptcy and closed its doors, bringing an end to a 40-year history in the industry. According to details, the Tokyo District Court recognized the studio’s bankruptcy, caused by…
One of Europe’s largest travel operators calls time as it files for insolvency
Thousands of travellers are likely to be affected as a number of package holidays are cancelled or cut short. ADVERTISEMENT FTI Group, one of Europe’s biggest tour companies, has filed for insolvency. The Munich-based business, which has recently been hit by a number of problems including poor bookings said in a press release: “After a…
Berlin-based e-scooter startup unu declares bankruptcy
The Berlin-based startup unu was founded with the goal to accelerate the shift towards electric mobility with its stylish e-scooters. However, their business seemed to have been running smoothly for only for a rather short time. As we learned from sources close to the company, unu has just filed for bankruptcy. The Berlin-based e-scooter manufacturer had…
Major Chinese semiconductor company goes bankrupt — 23 others recently withdrew IPO applications
Credit: SMIC China’s semiconductor industry is facing a resurgence of unfinished projects as smaller companies go bankrupt, reports the China Times. Recent insolvencies, such as that of Shanghai Wusheng Semiconductor, have raised concerns about widespread closures. Additionally, the market has seen 23 semiconductor companies withdraw their IPO applications since last year, which reflects growing investor caution.…
Armaguard rejects $26 million lifeline to avoid insolvency as Coles ends pause on cash deliveries
In short: Armaguard has rejected a lifeline deal worth $26 million to prevent it from becoming insolvent. It comes after Coles temporarily paused its use of the company over the Easter long weekend, but has since resumed using its services. What’s next? The cash transportation company says it is working with its customers and is…
Nottingham City Council declares itself ‘bankrupt’
A meeting is due to take place within the next 21 days to discuss the situation and the authority said a dedicated page on its website would provide updates. The council said in a statement: “Senior officers and members remain committed to continuing to work with the Improvement and Assurance Board and the Department for…
Romance Writers of America Goes Bankrupt After Courtney Milan DEI Fight
A professional organization for romance authors filed bankruptcy, blaming the high cost of its annual conference and a membership crisis triggered by the suspension of a prominent writer who accused another member of allegedly using racist stereotypes in her book. Romance Writers of America Inc. filed Chapter 11 on Wednesday saying it lost thousands of…