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Corporate bankruptcies among U.S. companies increased in the first quarter to their highest level since 2010, new data showed.
S&P Global Market Intelligence reported that from January through the end of March, there were 188 bankruptcies filed among large U.S. companies, an increase from 139 bankruptcy filings in the first quarter of 2024, which was a 14-year high at the time.
The 188 bankruptcies in the last three months are the most in the first quarter since 2010, when there were 254 bankruptcy filings as the economy reeled in the wake of the financial crisis.
“Companies, particularly those with…