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New Chapter 11 Filings, Disclosures: April 12 – April 16, 2021

At least two major companies have either filed for Chapter 11 bankruptcy protection or defaulted on loans during the week of April...

ViacomCBS Networks International Agrees to Acquire Chilevisión

On Monday April 5, ViacomCBS Inc. (NASDAQ: VIAC, VIACA) announced that it had agreed to acquire Chilevisión from WarnerMedia. WarnerMedia is a...

Carnival Reports $2 Billion Quarterly Loss

Carnival reports $2 billion quarterly loss. This is due to COVID-19 pandemic restrictions on the cruising industry, which has decimated Carnival and...

New High Yield Bond Ratings: April 5 – 9, 2021

At least 35 companies received a revision on high yield bond ratings during the week of April 5-9, 2021. These revisions caused...
ECB President Christine Lagarde

ECB President Lagarde Expects Strong Rebound for EU Economy in Second Half

Despite COVID-19 struggles, European Central Bank (ECB) President Christine Lagarde told CNBC on April 9 that the European Union (EU) will hit...

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Jerome Powell Employment Rates

Fed’s Powell Says Employment Rates Will Stay Low for the Foreseeable Future

Federal Reserve Chairman Jerome Powell on Feb. 10 said that employment rates will stay low for the foreseeable future. Continued aggressive monetary...

Customers in Singapore can Open Bank Accounts with Facial Recognition

Singapore residents can now open a bank account with facial recognition, or put more simply, just a selfie. DBS,...
Jerome Powell Inflation

Fed’s Powell: Economic ‘Reopening’ Could Lead to a Temporary Rise in Inflation

Federal Reserve Chairman Jerome Powell said on March 4 that he expects inflation to increase temporarily in response to a rise in...

Socially Inclusive Ethos Helps Push Remitly Above $1.5 Billion in Funding

Remitly, a Washington state-based fintech company, raised $85 million in Series F funding last week, bringing its current valuation over $1.5 billion....

Cloud-Based Banking Software Provider nCIno Registers More Common Stock

On October 5th, nCino, Inc. (NASDAQ: NCNO) filed paperwork with the SEC in which nCino registered more shares of common stock. In...