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Search resuls for: "Candice Choi"


6 mentions found


☆ Collapse of SVB, Signature Bank Tests the FDIC’s Executive Reserve Corps
  + stars: | 2023-04-11 | by ( Candice Choi | Ben Eisen | ) www.wsj.com   time to read: 1 min
Tim Mayopoulos was squashed into a middle seat in coach on his flight to San Francisco, the only one available when he booked that afternoon. The Wi-Fi wasn’t working, so he pulled out a notepad to jot down what he would say to employees when he started his new job as chief executive of the failed Silicon Valley Bank the next morning.
☆ Veteran of FDIC Takeover Tells What It’s Like to Run a Failed Bank
  + stars: | 2023-03-25 | by ( Candice Choi | ) www.wsj.com   time to read: 1 min
John Bovenzi is part of the small club of people who have run a failed U.S. bank, a group whose membership expanded by two this month when regulators swooped in to take over Silicon Valley Bank and Signature Bank. In 2008, Mr. Bovenzi, a longtime Federal Deposit Insurance Corp. staffer, took the helm at the failed mortgage lender IndyMac. What he discovered, and what likely faces executives running the latest failed banks: Deposits flood out, but few come in. The employees who haven’t left are looking for other jobs. It is possible some of the remaining higher-ups are responsible for what went wrong—and might even be questioned by law-enforcement officials.
☆ Crypto Layoffs and Bankruptcies in 2023: Here’s the List to Watch
  + stars: | 2023-02-16 | by ( Candice Choi | ) www.wsj.com   time to read: 1 min
The crisis roiling the crypto industry has continued to spread to a number of companies since the run on the stablecoin terraUSD last spring. Many of the biggest crypto lenders have fallen following customer withdrawals, risky practices and lack of regulation. The bankruptcy filings, in particular, have underscored how intertwined many of the industry players were.
☆ Crypto Crisis: A Timeline of Key Events
  + stars: | 2023-02-04 | by ( Candice Choi | ) www.wsj.com   time to read: 1 min
The crisis roiling the crypto industry captured public attention with the remarkable collapse of FTX this past November and the arrest soon after of the exchange’s founder, Sam Bankman-Fried . But the industry’s troubles began months before—and has continued to spread since. Below is a look at the key dates in the crisis.
☆ 5 things to know before the stock market opens Friday
  + stars: | 2022-09-16 | by ( Candice Choi | ) www.cnbc.com   time to read: +4 min
Here are the most important news items that investors need to start their trading day:Traders work on the floor of the New York Stock Exchange during afternoon trading on September 13, 2022 in New York City. Stock futures fallWall Street was headed toward another down week with U.S. stock futures lower Friday. A pedestrian walks by a Bed Bath and Beyond store in San Francisco, California. Bed Bath & Beyond closuresWhen Bed Bath & Beyond announced last month that it would close roughly 150 of its "lower producing" namesake stores, many people wondered if the location near them would be among those shuttered. In late August, Bed Bath said that it secured more than $500 million in new financing ahead of the key holiday season and that it was trimming its workforce, in addition to the store closures.
☆ Bed Bath & Beyond shares decline after CFO's death
  + stars: | 2022-09-06 | by ( ) www.nbcnews.com   time to read: +1 min
Shares of Bed Bath & Beyond were down in premarket trading Tuesday after the struggling retailer’s chief financial officer died over the weekend. The stock was down more than 15% as investors weighed the company’s leadership crisis after Gustavo Arnal’s death. The loss comes after the company recently eliminated some executive positions, including chief operating officer, as part of its efforts to win back investor confidence and customers. Bed Bath & Beyond is operating under an interim chief executive, Sue Gove, after the company’s former leader, Mark Tritton, was ousted by the board in June. Arnal joined Bed Bath & Beyond in 2020 from London-based cosmetics company Avon after the start of the Covid-19 pandemic.
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