Credit: ink drop/Adobe Stock Spring Bankruptcy Boom Foretells Broad-Based Insolvency
Corporate restructurings are on the rise among companies that were either hobbled or bolstered by the pandemic.
May 01, 2023 at 03:46 PM
5 minute read
If there's a silver lining to the spat of large corporate bankruptcies that have dominated headlines this year, it's that many of them may ultimately be written off as failures of management. Bed Bath & Beyond admitted it hadn't fully grasped the potential of online shopping. Silicon Valley Bank failed because of the bank's inability to manage risk, federal regulators said. Crypto lender Genesis Trading tied up funds in now-bankrupt firms FTX and Three Arrows Capital and picked a fight with the Securities and Exchange Commission.
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