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US BANK BANKRUPTCIES
NCLAT quashes Ligare Aviation's insolvency; loan from Religare Enterprises round-tripping of moneyThe National Company Law Appellate Tribunal has cancelled insolvency proceedings against Ligare Aviation. The tribunal found the National C...
US job growth likely slowed in May, labor market seen stable despite oil shockAmerica's job growth is expected to slow in May after strong previous months. The labor market remains stable. Economists believe the Middl...
ET Prime Special Series: Multibagger or IBC - Curious case of one stock, two companies. Only one of them makes brakesOn paper this is a friction-material company. In practice, the larger force inside the company is an investment portfolio. The friction bus...
SC seeks Centre, ED responses on plea alleging Rs 14,000 crore diversion in Noida, Yamuna Expressway housing projectsThe Supreme Court has issued notices to the Centre, Enforcement Directorate, RBI, Uttar Pradesh authorities, and several real estate firms....
Why did Spirit Airlines fail? Is this the first economic shock of the Iran war— or a missed bailout moment under Trump? The true cost of flying cheap in AmericaWhy did Spirit Airlines fail? First major casualty of the 2026 Iran war fuel shock. The collapse of Spirit Airlines today, May 2, 2026, isn...
Spirit Airlines shutting down: why did Spirit Airlines fail and how to get your refunds right nowSpirit shutting down: Spirit Airlines is shutting down today. Spirit grounded all flights now. Two billion dollars in debt killed the carri...
Lavasa homebuyers file plea at NCLAT against resolutionHomebuyers of Lavasa, India's first privately built hill town, have filed a fresh appeal. They allege serious flaws in the resolution plan ...
US equities regulator 'closely monitoring' shaky private credit marketUS securities regulators are "closely monitoring" problems in the private credit market seen as a rising risk, a senior Trump administratio...
Wells Fargo interest income misses estimates, shares fallWells Fargo's interest income fell short of Wall Street expectations in the first quarter on Tuesday, as a string of rate cuts from the U.S...
SVB Financial explores bankruptcy as option for asset salesSVB said on Monday it was considering strategic alternatives for its assets but did not disclose bankruptcy as one of the potential options.
SVB Financial Group mulls strategic alternativesThe move comes after Californian regulators shuttered the bank following a failed share sale that drained $42 billion in deposits in a sing...
SoftBank-backed Katerra files for bankruptcy in US with billions in debtKaterra has reportedly told employees it plans to shut down, marking the collapse of the SoftBank-backed construction firm that had raised ...
PNB hires lawyers to represent itself in bankruptcy proceedings of Nirav Modi firm in USPNB MD said the bank is legally engaged in insolvency proceedings of Firestar Diamond and the concerned authorities have been requested to ...
PNB plans to stake claim in insolvency proceedings of Nirav Modi companyThe bank is exploring all options for the recovery, including participating in the bankruptcy proceeding of Firestar Diamond Inc, sources s...
- Barclays faces trial on Lehman claim of $11-bn windfall
Barclays faces a trial over claims by Lehman Brothers Holdings that it should pay as much as $11 billion to the bankrupt firm for the “wind...
- US corporate bankruptcies hit third-largest total in 2009
The number of US corporate bankruptcies spiked to 207 last year, the third-largest total on record, led by the massive General Motors filin...
- Washington Mutual files for bankruptcy
US financial crisis deepened further with 119-year old banking institution Washington Mutual deciding to file for bankruptcy protection aft...