Bankruptcy News

The Federal Reserve raised its benchmark interest rate at the conclusion of its September meeting and signaled another increase could be on the table this year. For consumers, the moves may significantly impact borrowing costs and savings returns. Generally, short-term…

On Sunday evening, the Washington Post reported that the Kennedy Center administration told its board that the arts institution is on the brink of bankruptcy — and that it might be forced to close as soon as Tuesday. Both the majority of the…

ept 14 (Reuters) – Latvia’s airBaltic voluntarily filed for protection under Chapter 11 of the U.S. Bankruptcy Code in New York, it said on Monday, as it seeks to restructure its debt ​pile and survive a deepening sector-wide crisis brought…

NEW YORK, Sept 2 (Reuters) – U.S. prosecutors announced on Wednesday criminal fraud charges against two former chief executive officers ‌of Linqto over their alleged roles in a $450 million scheme to defraud thousands of investors hoping to cash in…

Central bankers, policymakers and economists will gather in Jackson Hole, Wyoming, on Thursday for the Federal Reserve Bank of Kansas City’s annual economic policy symposium. Markets are closely monitoring the event for Fed Chair Kevin Warsh’s keynote speech after long-term…

Mortgage and student loan balances saw ‘small decline’ with increases elsewhere, says post alongside Fed report Credit card debt in the United States is growing close to a record high, having crept up from $54bn to $1.26tn between April and…

Credit card balances are on the rise as of mid-2026, according to a new quarterly report on household debt from the Federal Reserve Bank of New York released Tuesday.  Balances rose by $21 billion in the second quarter to a collective $1.26 trillion…

Capital One Financial hit back on Friday against a lawsuit over its decision to close the Trump Organization’s bank accounts years ago, stating that it did so after a review by anti-money laundering experts. The disclosure marks the first time a…

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…