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(The Center Square) - California’s fire insurer of last resort has long been on the brink of insolvency. Not only could FAIR customers — in the absence of a government bailout — face major ...
After becoming a public company in August 2005, it was revealed that Phillip R. Bennett, the company's CEO and chairman, had concealed $430m of bad debts. Its underwriters were Credit Suisse First Boston, Goldman Sachs, and Bank of America Corp. The company entered Chapter 11 and Bennett was sentenced to 16 years in prison. Bear Stearns: United ...
The following private equity firm or hedge fund owned companies have filed for bankruptcy protection: A&P (grocery chain) [1] Brookstone [2] Envision Healthcare [3] Friendly's [1] GenesisCare [3] Instant Brands (maker of Instant Pot and Pyrex) [4] Joann [5] Kmart [6] Party City [7] Payless Shoe Source [2] Prospect Medical Holdings [8 ...
First Federal Bank of California: OneWest Bank, California Savings and loan association $ 5 × 10 ^ 9 [73] December 18, 2009: Philippine American Life and General Insurance Company: American International Assurance: Insurance company [74] February 24, 2010: Chesham Building Society: Skipton Building Society: Building Society £ 230,000,000 [75 ...
Womp Womp. Many of the world's most well-known companies have gone downhill after being acquired. This is often due to cultural clashes, business misalignments, or poor management by the new owners.
Restaurant bankruptcy filings have surged so far this year, echoing a broader rise in corporate bankruptcies across sectors. At least 10 restaurant chains, not including multi-unit franchisees ...
Companies such as Airbnb, Cisco, Fitbit, Pinterest, and Block, Inc. have been clients of the bank. [20] In addition to financing venture-backed companies, SVB was well known as a source of private banking, personal credit lines, and mortgages to tech entrepreneurs, [21] and specialized lending money to higher-risk new companies. [22]
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