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Distressed Steak ‘N Shake Narrowly Avoids Bankruptcy

Like many other restaurants, Steak 'n Shake became a distressed dining facility due to COVID-19. But similar to the brands that have...
Brex

Brex Files Application for Industrial Bank Charter with FDIC

Fintech Brex announced in a statement on Feb. 19 that it has submitted an application with the Federal Deposit Insurance Corporation (FDIC)...

New High Yield Bond Ratings February 15 – February 19, 2021

At least 25 companies received a revision on high yield bond ratings during the week of February 15 - February 19, 2021....

Varo Bank raises $63 million from NBA player Russell Westbrook

Varo Bank raised $63 million from NBA all star player Russell Westbrook’s organization, Russell Westbrook Enterprises. Westbrook will join Varo Bank as...

SPAC Aurora Acquisition Corp. Goes Public Looking at European, Middle Eastern, and African Technology...

Aurora Acquisition Corp. has filed paperwork with the SEC announcing its IPO. Moreover, this deal registers 23 million units to publicly trade...

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N.Y. Fed Credit Access Survey

N.Y Fed Survey: Credit Access and Demand Plunged in 2020

The Federal Reserve Bank of New York's Center for Microeconomic Data released results on Dec. 21 from its latest Survey of Consumer...

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...

MGM Resorts Lays Off 18,000 U.S. Employees Amid Economic Crisis

This week, Las Vegas-based global entertainment company MGM Resorts International began massive layoffs across its U.S. locations. The job...

Bankrupt Il Mulino Granted Debtor-in-Possession Funds

Il Mulino, once a scion of the New York City dining scene, has declared several of its locations bankrupt. The restaurant's owner...

VIVUS Pre-Packaged Bankruptcy Plan Rejected by Courts

Pre-packaged bankruptcies typically allow for an expedited Chapter 11 process. But that was not the case for biopharmaceutical company VIVUS, Inc (NYSE:...