China proposes Sri Lanka debt moratorium, IMF aid still uncertain

China proposes Sri Lanka debt moratorium, IMF aid still uncertain

China offers debt service relief in 2022, 2023 Sri Lankan sources unsure if China’s letter will be enough for IMF Broad IMF-China deal on Zambia could provide clues NEW DELHI/COLOMBO, Jan 24 (Reuters) – The Export-Import Bank of China has offered Sri Lanka a two-year debt moratorium and said it would support the country’s efforts … Read more

Feds seized nearly $700 million from FTX founder Bankman-Fried

Feds seized nearly 0 million from FTX founder Bankman-Fried

Jan 20 (Reuters) – Federal prosecutors seized nearly $700 million in assets from FTX founder Sam Bankman-Fried in January, much of it in the form of Robinhood stock, according to a court filing on Friday. Bankman-Fried, who was accused of stealing billions of dollars from FTX clients to pay debts incurred by his crypto-focused hedge … Read more

Genesis crypto lending unit files for bankruptcy in the US

Genesis crypto lending unit files for bankruptcy in the US

Jan 20 (Reuters) – Crypto firm Genesis’s lending unit filed for U.S. bankruptcy protection against creditors on Thursday, overturned by a market rout with companies like exchange FTX and the BlockFi lender. Genesis Global Capital, one of the biggest crypto lenders, froze client redemptions on November 16 after FTX stunned the financial world with its … Read more

Brazilian court grants bankruptcy protection to retailer Americanas

Brazilian court grants bankruptcy protection to retailer Americanas

SAO PAULO, Jan 19 (Reuters) – A Rio de Janeiro court on Thursday accepted Brazilian retailer Americanas SA (AMER3.SA)’s application for bankruptcy protection, days after the company disclosed nearly $4 billion accounting inconsistencies that sparked a legal dispute with creditors and investors. Americanas, a 93-year-old company with stores across Brazil and a major e-commerce unit, … Read more

Crypto lender Genesis prepares to file for bankruptcy, reports Bloomberg News

Crypto lender Genesis prepares to file for bankruptcy, reports Bloomberg News

Jan 18 (Reuters) – Cryptocurrency lender Genesis Global Capital plans to file for bankruptcy as soon as this week, Bloomberg News reported on Wednesday, citing people with knowledge of the situation. A bankruptcy filing has been expected for weeks, after the company froze client redemptions on Nov. 16 following the fall of major cryptocurrency exchange … Read more