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SVB, also known as Silicon Valley Bank, recently experienced a significant setback as it faced bankruptcy. However, the newly appointed CEO, Tim Mayopoulos, has urged clients to return to the bank, re...
Owing to the outbreak of the coronavirus pandemic in the United States, AMC Entertainment Industry has been on lockdown. However, the report revealed yesterday that the company is planning to reopen s...
The court’s proceeding was in favor of Hertz Global Holdings Inc. to carry on with its plan to raise cash by selling shares that are potentially worthless. The Friday court bankruptcy hearing was ru...
Time Period: December 2007 - June 2009Duration: 18 monthsGlobal GDP: -5.1%Global Unemployment Rate: 10%Similar Instance: The 1930s Great DepressionThe Great Recession was an economic decline era which...
A bailout is said to happen when a business, an individual, or the government provide a failing company or government with capital or resources (capital injection). This usually happens when a company...
Billionaire investor Carl Icahn took a huge loss in Hertz car rental company after the company filed for bankruptcy last week. Icahn began investing in Hertz in 2014, he bought 11.4 million shares in ...
Buying a car with a loan that has a high interest rate could mean driving the car for a long time before being out of debt. With increased interest rates, vehicles become more expensive and coming...
DefinitionA bank run is a term used to describe a situation where bank customers withdraw all the money in their deposit accounts for fear that the bank insolvency. The more customers withdraw their m...
In an event of failed tax payment or tax debt neglect, the government can make a legal claim over a tax payer’s property, including personal property, real estate, and financial assets. Such t...
One of the effective ways to be up to date with any company you intend to make an investment is to go to the SEC's EDGAR database and check all the forms they are supposed to fill under U.S. Securitie...