Genesis has altered its bankruptcy plans, and that doesn’t sit well with the federal government. The crypto lender said in a filing last week that it wants to liquidate its assets instead of reorganizing. And that could delay the bankruptcy process, U.S Trustee William Harrington said...
According to a U.S. Securities and Exchange Commission filing released Tuesday (Aug. 15), the chief executives of failed Silvergate Capital are leaving the company. Silvergate Capital President and Chief Executive Officer Alan J. Lane and Chief Legal Officer John M. Bonino will both depart from their positions effective Tuesday....
One crypto bank is no more — and one wonders what’s next for the crypto banking business model itself. To that end, Silvergate Capital said Wednesday night (March 8) that it would wind down operations and voluntarily liquidate Silvergate Bank. And in the release announcing the...
Wells Fargo & Co is seeking to sell its private-label credit card and point-of-sale (POS) financing unit as part of an ongoing strategic review of its businesses. The banking group has started reaching out to possible bidders, but still hasn’t made a definitive decision as...
December 28, 2023
Online retailer Zulily is calling it quits. In the latest update from PYMNTS regarding Zulily, once navigating the choppy waters of a fiercely competitive sea, has disclosed its intentions of undergoing a liquidation process. In fact, just seven months into its tenure under new ownership, the Seattle-based online retailer is in the process of winding […]
March 08, 2023
One crypto bank is no more — and one wonders what’s next for the crypto banking business model itself. To that end, Silvergate Capital said Wednesday night (March 8) that...
May 01, 2020
Like many retailers, Tradesy opened 2020 with great expectations and big plans. Significant growth in terms of their active user base and revenue were on the agenda — to be...
April 27, 2020
Given the massive and in many cases seismic shifts in the retail landscape because of the coronavirus pandemic, it shouldn’t come as much of a surprise that retail’s shadow side...
November 02, 2023
Genesis has altered its bankruptcy plans, and that doesn’t sit well with the federal government. The crypto lender said in a filing last week that it wants to liquidate its assets instead of reorganizing. And that could delay the bankruptcy process, U.S Trustee William Harrington said in a separate court filing Wednesday (Nov. 1). “There could not be […]
August 16, 2023
According to a U.S. Securities and Exchange Commission filing released Tuesday (Aug. 15), the chief executives of failed Silvergate Capital are leaving the company. Silvergate Capital President and Chief Executive Officer Alan J. Lane...
November 12, 2020
Wells Fargo & Co is seeking to sell its private-label credit card and point-of-sale (POS) financing unit as part of an ongoing strategic review of its businesses. The banking group...
July 13, 2020
Reeling from the impact of the coronavirus, department store chains and other retailers are scrambling to offload mountains of now-unwanted clothing and other products. But retailers are apparently rebelling against...
