Institutional investors seek distribution from failed fund manager
SVB Financial Group evaluates “strategic alternatives” for SVB Capital and SVB Securities
Rate hikes make it harder to pay off debt
Increases in bankruptcy and debt restructurings reflect rising pressures, alongside normalizing numbers, TD reports
Rule changes would extend advisers' obligations to all client assets
Construction, accommodation and food services saw the biggest increase in insolvencies
Inflation, end of Covid-19 support helped drive the increase
BlockFi claimed more than 100,000 creditors and liabilities ranging from $1 billion to $10 billion
Decision on investor priority motion likely to come in early January
Many FTX Group companies had no appropriate corporate governance nor held board meetings