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Genesys Crypto Lending Unit for US Bankruptcy Files

Genesys Crypto Lending Unit for US Bankruptcy Files

Jan. 20 (Reuters) – The lending unit of crypto firm Genesis filed for US bankruptcy protection on Thursday, owing at least $3.4 billion, after being ousted by a market rout along with the likes of FTX exchange and lender BlockFi. Genesis Global Capital, one of the largest cryptocurrency lenders, froze customer refunds on November 16 …

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A Brazilian court grants bankruptcy protection to retailer Americana

A Brazilian court grants bankruptcy protection to retailer Americana

SAO PAULO (Reuters) – A Rio de Janeiro court on Thursday accepted the filing for bankruptcy protection by Brazilian retailer Americana SA (AMER3.SA), days after the company disclosed nearly $4 billion in accounting discrepancies that sparked a dispute. legally with the investment creditors. Americana, a 93-year-old company with stores across Brazil and a major e-commerce …

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Goldman missed earnings estimates as deal-making declined and the consumer business took a hit

Goldman missed earnings estimates as deal-making declined and the consumer business took a hit

(Reuters) – Goldman Sachs Group (GS.N.) on Tuesday reported a larger-than-expected 69 percent drop in fourth-quarter profit as it struggled with stagnant deal-making and slumping asset and wealth management revenues booked into its consumer business. Wall Street banks are making deep workforce cuts and streamlining their operations as deal-making activity, their main source of revenue, …

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