Dietrich Knauth
Stories by Dietrich Knauth
Silicon Valley Bank’s former owner gains approval to end bankruptcy
SVB Financial has also spun off its VC business and investment banking unit.
WeWork cleared by US court to exit bankruptcy and slash $4b in debt
WeWork rejected an alternate buyout proposal from co-founder Adam Neumann, who wanted an equity stake as part of the deal.
Crypto lender Genesis to return $3b to customers in bankruptcy liquidation
Genesis is paying customers back in crypto where possible.
WeWork reaches settlement with creditors, rebuffs Neumann’s $650m bid
The restructuring would hand the company's equity to its senior lenders and cancel its $4 billion in debt.
Genesis gets court approval to sell $1.6b in crypto trust shares
Genesis is moving ahead with a liquidation plan that would shut down the company
FTX abandons efforts to restart crypto exchange after talks with bidders fail
FTX has opted to liquidate all assets and return funds to customers.
SVB Financial plans to hand over remaining VC business to creditors
SVB, however, continues to fight US regulators' seizure of nearly $2b in cash.
Crypto lender Celsius Network cleared to exit bankruptcy
Celsius, once valued at $3 billion, was one of the largest crypto collapses last year.
China Evergrande seeks Chapter 15 protection in Manhattan bankruptcy court
An affiliate, Tianji Holdings, also sought Chapter 15 protection.
US court may grant approval to SVB Financial to sell its investment banking division
The company must ensure that it is not releasing any liabilities related to the collapse of its Silicon Valley Bank unit.
