DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Marsal"


6 mentions found


☆ Breakingviews: FTX affords a turning point in venture governance
  + stars: | 2022-11-17 | by ( Liam Proud | ) www.reuters.com   time to read: +3 min
The new chief executive of the collapsed cryptocurrency exchange, insolvency veteran John Ray, uncovered giant financial gaps and signs of looting. Ray’s first in-depth account, submitted to the court on Thursday, reveals a brazen lack of controls and governance. Financial statements dated to Sept. 30, when founder Sam Bankman-Fried was in charge, contain no record of customer liabilities at either the U.S. subsidiary or the international division. Many of the FTX corporate entities never had board meetings. Ray also criticised his predecessor and FTX co-founder Sam Bankman-Fried for making “erratic and misleading public statements”.
☆ FTX affords a turning point in venture governance
  + stars: | 2022-11-17 | by ( Liam Proud | ) www.reuters.com   time to read: +3 min
The new chief executive of the collapsed cryptocurrency exchange, insolvency veteran John Ray, uncovered giant financial gaps and signs of looting. Ray’s first in-depth account, submitted to the court on Thursday, reveals a brazen lack of controls and governance. Financial statements dated to Sept. 30, when founder Sam Bankman-Fried was in charge, contain no record of customer liabilities at either the U.S. subsidiary or the international division. Many of the FTX corporate entities never had board meetings. Ray also criticised his predecessor and FTX co-founder Sam Bankman-Fried for making “erratic and misleading public statements”.
☆ Explainer: What's next in FTX's bankruptcy
  + stars: | 2022-11-16 | by ( Dietrich Knauth | ) www.reuters.com   time to read: +4 min
Here is what likely awaits in the case:WHERE DO THINGS STAND IN FTX'S BANKRUPTCY CASE? About 130 FTX affiliates have filed for bankruptcy in Delaware, and the company has selected a new CEO, bankruptcy attorneys at Sullivan & Cromwell and financial advisers at Alvarez & Marsal. WHAT OTHER RISKS DO FTX CUSTOMERS FACE? The bankruptcy might result in the publication of FTX customers' names, email addresses and transaction history. The courts' preference for transparency are at odds with crypto customers' expectations of anonymity.
☆ FTX creditors may number over 1 million as regulators seek answers
  + stars: | 2022-11-15 | by ( Akriti Sharma Daniel Leussink | Akriti Sharma | Daniel Leussink | ) www.reuters.com   time to read: +6 min
FTX's bankruptcy case includes more than 100,000 creditors, and this number could surpass 1 million, the filings said. The numbers were disclosed as FTX requested that multiple FTX group companies file one consolidated list of major creditors, rather than separate ones. REUTERS/Dado Ruvic/IllustrationCrypto lender BlockFi, which previously acknowledged it has significant exposure to FTX, plans to lay off workers while preparing to file for bankruptcy, the Wall Street Journal reported. Separately, bankrupt crypto lender Voyager Digital no longer plans to sell itself to FTX, Bloomberg reported, while Canadian crypto exchange Bitvo said it terminated its deal to be bought by FTX. I'm meeting in-person with regulators and working with the teams to do what we can for customers," he said on Twitter.
☆ FTX in talks with regulators, may have 1 mln creditors- bankruptcy filings
  + stars: | 2022-11-15 | by ( Akriti Sharma Daniel Leussink | Akriti Sharma | Daniel Leussink | ) www.reuters.com   time to read: +6 min
SummarySummary Companies FTX in contact with federal, state, international regulatorsMore than one hundred thousand creditors involved in the bankruptcy case, maybe over one millionBahamas regulator appoints provisional liquidatorsFrench cen. "FTX faced a severe liquidity crisis that necessitated the filing of these cases on an emergency basis last Friday," the court filing stated. Reuters Graphics Reuters GraphicsFTX's bankruptcy case includes more than one hundred thousand creditors, and this number could surpass one million, the filings said. The numbers were disclosed as FTX requested that multiple FTX group companies file one consolidated list of major creditors, rather than separate ones. Canadian crypto exchange Bitvo said on Tuesday it had terminated its deal to be bought by FTX, a deal that had been due to close in the third quarter of this year.
☆ Tender to sell Evergrande's Hong Kong headquarters to close on Oct 31
  + stars: | 2022-09-26 | by ( ) www.reuters.com   time to read: +1 min
The Evergrande Center of China Evergrande Group is seen amid other buildings in Shanghai, China, September 24, 2021. REUTERS/Aly Song/File PhotoHONG KONG, Sept 26 (Reuters) - A tender sale of China Evergrande Group's (3333.HK) headquarters in Hong Kong will close on Oct. 31, real estate services firm Savills said, appointed by receivers to dispose of the asset. Lenders of struggling Evergrande appointed receiver Alvarez and Marsal earlier this month to seize the China Evergrande Center in Hong Kong, a Companies Registry filing showed, as the world's most indebted developer struggles to emerge from its debt crisis. read moreSavills said in a statement on Sunday the sale of the 27-storey office tower in the Wan Chai district will include existing tenancies. Register now for FREE unlimited access to Reuters.com RegisterReporting by Clare Jim; Editing by Christian SchmollingerOur Standards: The Thomson Reuters Trust Principles.
<< prev 2 next >>
Total: 6