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Vaidik Trivedi

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Recent Articles

New High Yield Bond Ratings October 12 – October 16, 2020

At least 15 companies received downgrades or revisions on high yield bond ratings during the week of October 12 – October 16,...

New Chapter 11 Filings, Disclosures: October 12 – October 16, 2020

At least three major companies have either filed for Chapter 11 Bankruptcy protection or defaulted on loans during the week of October...
Wells Fargo Coronavirus Relief

Wells Fargo Fires Over 100 Employees for Coronavirus Relief Fraud

Wells Fargo (WFC) fired over 100 employees for allegedly defrauding a coronavirus relief program from the U.S. Small Business Administration (SBA).
electric car

BlackRock Invests in UK Electric Vehicle Startup, Arrival

US funds manager BlackRock Inc. has invested $118 million in electric vehicle startup Arrival Ltd. The investment is the most Arrival has...

COVID-19 and Wildfires Test Mettle of California Wineries

COVID-19 has caused a surge in alcohol-related purchases, but it has also challenged many California wineries, which have had to change the...

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Wells Fargo Launches Account to Target Young, New Users

Wells Fargo launched its Clear Access Banking account in the first week of September to better their consumer banking experience.
TPG, L Catterton

TPG, L Catterton Latest to Invest in Jio Platforms

Two US-based private equity firms invested $800 million in Jio Platforms. This brings the funds raised by the Reliance Industries (RIL) subsidiary...

COVID-19 Causes Stress on U.S. Agriculture

Daily Chapter 11 filings have shown how the pandemic has wreaked economic havoc on retail, tourism, and energy businesses. Despite receiving less...

Century 21 Files for Bankruptcy, Plans to Close All Stores

Century 21 Department Stores LLC filed for Chapter 11 bankruptcy protection on Thursday, Sep. 10. The off-price store is the latest casualty...
Amid the COVID-19 virus

Banks Continue to Shut Down Branches Amid COVID-19

As the coronavirus, COVID-19, continues to spread throughout the nation banks continue to shut down branches. Amid the...