The company sought protection under Chapter 15 of the U.S. bankruptcy code, which shields non-U.S. companies that are undergoing restructurings from creditors that hope to sue them or tie up assets in the United States.
Swiss government confirms Credit Suisse takeover by UBS and says, "the bankruptcy of a global systematically important bank would have caused irreparable economic turmoil."
When banks disappear… and your money with it. In 2020 they took your jobs, your businesses, your freedom of speech and freedom of movement. Now they're coming for your social security, your pension, your house.
...And Raises GDP Only 0.1%. Debt forgiveness of $10k per borrower would discharge around $300bn (1.2% of GDP) of debt but would boost consumption by less than by less than 0.1% of GDP over the year following implementation.
Senator Elizabeth Warren apparently grabbed the attention of federal regulators when she stated that Voyager, the crypto platform that filed for bankruptcy protection in early July, was promoting itself as being FDIC-insured.
On page 1,957 of the reconciliation bill, Democrats have included a $1.67 billion special tax handout to media companies, under the guise of helping "local" journalists...
A coalition of activist organizations is calling for a federal bailout for people who can't pay their utility bills as well as a suspension of service cutoffs, Energy News Network reported.
First government recklessly "locks down" businesses, forcing thousands to close, and ruining countless economic lives. Then government passes out money that it does not have. In essence, government pays people not to work. With record job openings, e
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