Bankruptcy News

The number of larger U.S. private and public companies that filed for bankruptcy protection ticked up to 372, the highest since 2010, according to S&P Global. Dive Brief: The total number of larger U.S. corporate bankruptcy petitions filed this year through June…

July 15 (Reuters) – Wall Street’s largest banks struck a reassuring tone on U.S. consumer health, citing steady spending, rising loan balances and healthy credit quality that suggest households remain resilient despite growing economic uncertainty. The U.S. consumer is on…

U.S. Treasury yields moved higher on Monday as Wall Street monitors the latest developments amid escalating tensions in the Middle East. The yield on the 10-year U.S. Treasury note — the key benchmark for U.S. government borrowing — rose more than 5…

Amazon plans to raise at least $25 billion through an eight-part bond sale, as it looks to continue its massive artificial intelligence buildout, sources told CNBC’s David Faber. The company has also shared with its underwriters that it won’t issue any more debt this…

Credit card debt hit a record high of $930 billion for Americans in the final quarter of 2019, according to the latest data from the Federal Reserve Bank of New York released on Feb. 11. That’s a $46 billion increase in credit…

The biggest U.S. banks would be able to absorb more than $708 billion in losses in a severe global recession while continuing to lend to households and businesses, according to the Federal Reserve’s annual stress test released Wednesday. All 32…

Americans hoping for relief from high borrowing costs may have to wait longer. Just weeks ago, investors expected borrowing costs on products such as credit cards, auto loans and home equity lines of credit — all tied to the Federal…

I could end the deficit in five minutes,” he said. “You just pass a law that says that any time there’s a deficit of more than three percent of GDP, all sitting members of Congress are ineligible for re-election. Yeah,…

Economic conditions like gas prices well above $4 a gallon, according to AAA estimates, and annual inflation nearing 4%, per the Bureau of Labor Statistics, are pushing Americans’ financial stress levels higher. The National Foundation for Credit Counseling expects Americans’ economic stress levels to tick…

On 15 September 2008, Bobby Seagull arrived at his office in Canary Wharf just before 6am. It was the last time he would need to be on time. He was a trader at Lehman Brothers, an American bank undergoing serious…