Bankruptcy

FTC Closely Watching Developments At Twitter, As More Resign

Elon Musk raises possibility of bankruptcy at Twitter, as entire privacy and compliance team resigns prompting FTC warning

2 years ago

Britishvolt Secures Funding For Five Weeks

Staff at battery start-up Britishvolt in Northumberland take a pay cut, after it secures five-week funding lifeline

2 years ago

UKCloud Placed Into ‘Compulsory Liquidation’

Public-sector cloud provider UKCloud and parent Virtual Infrastructure Group has been forced into compulsory liquidation

2 years ago

Celsius Seeks Permission To Sell Stablecoin Assets

Bankrupt cryptocurrency lender Celsius Network files request to sell its stablecoin assets, as it seeks funds to continue operations

2 years ago

Bankrupt Celsius Network To Pay CFO $90,000 Per Month – Report

Cash strapped cryptocurrency lender Celsius Network wishes to bring back former CFO Rod Bolger and pay him $92,000 per month

2 years ago

Celsius Network Files For Bankruptcy Protection

Troubled cryptocurrency lender Celsius Network confirms it has filed for bankruptcy protection as it seeks to restructure

2 years ago

Celsius ‘Deeply Insolvent’, US State Regulator Believes

Vermont regulator warns crypto lending firm Celsius “lacks the assets and liquidity to honour its obligations to account holders and…

2 years ago

Tesla Factories In Texas, Germany Losing Billions Of Dollars, Says Elon Musk

Car factories for Tesla in Austin, Texas and Germany are “gigantic money furnaces right now” and losing billions, says Elon…

2 years ago

Google’s Russian Unit To File For Bankruptcy – Update

Google subsidiary in Russia has its local bank account seized by authorities, and responds by announcing intention to file for…

3 years ago

SpaceX’s Elon Musk Warns Of Bankruptcy Risk Over Engine Issue

SpaceX CEO Elon Musk warns of “disaster” concerning production of Starship Raptor engine that puts entire firm at bankruptcy risk

3 years ago

Elon Musk Admits Tesla Was ‘A Month Away’ From Bankruptcy

The CEO of the world's most valuable car maker has admitted Tesla was at one stage in serious danger of…

4 years ago

Role Of Wirecard Supervisors To Be Probed By EU

The actions of financial supervisors responsible during the Wirecard collapse should be investigated, says senior EU official

4 years ago

UK Government To Acquire £400 Million Stake In OneWeb

Watch out SpaceX's Elon Musk? British government and Bharti Global announce deal to acquire satellite broadband company OneWeb

4 years ago

Wirecard Collapses, Files For Insolvency

German fintech start-up Wirecard has filed for insolvency, becoming the first DAX member to fail after a financing scandal

4 years ago

OneWeb Launches More Satellites, Despite Bankruptcy Report

London-based broadband provider launches more satellites into space to increase coverage, despite Coronavirus and reports of bankruptcy move

5 years ago