Bankruptcy

Larry Summers: FTX could be an Enron

Former Treasury Secretary Larry Summers has suggested cryptocurrency exchange FTX's collapse could have similarities to energy firm Enron's scandal.

Credit Suisse seeks to calm market jitters

Credit Suisse Group AG tried to assuage fears about its health in a memo to employees and in a round of phone calls to investors and clients over the weekend.

AMC CEO reacts to Cineworld bankruptcy

AMC Entertainment CEO Adam Aron reacted on social media to rival movie theater chain Cineworld filing for Chapter 11 bankruptcy protection on Wednesday.

Cosmetics maker Revlon nears chapter 11 filing

Revlon Inc. is preparing to file for chapter 11 protection as soon as next week after struggling for years with too much debt, stiff competition in the cosmetics business and more recent inflation and supply-chain pressures

Boy Scouts win over key abuse-survivors group on bankruptcy plan

The Boy Scouts of America won backing for a landmark sex-abuse compensation plan from the official committee representing 82,200 individual claimants, further solidifying support for ending the largest bankruptcy case ever filed over childhood abuse.