Weekly News – April 28
First Republic teeters
Binance deal collapses…
Will crypto bankruptcies become forced cash
liquidations over regulatory concerns?
As noted by our friends @Cherokee Acquisition
Federal Reserve criticizes itself on bank failures
5th Circuit takes on ‘Open Market Purchase’ decision
Will Serta ruling create more chaos in the credit markets?
Creditors fight back!
Uptiers opening up?
Will markets choose order over chaos?
Deathtrap triggered and one to watch…
As noted by our friends @Petition
With the UCC appointment the deathtrap has been triggered, and, oh, by the way, the secured creditors are gifting 14% of the equity to the parent company!
Unsecureds get a donut while equity gets $$$$.
What we’re reading
MNK make-whole analyzed
SVB & FDIC slugfest coming up
FTX creditors on losing end…
Creditor recoveries in the spotlight
Don’t want to miss
GS on S&P and earnings
Save the Date
Read our recent coverage:
Where Are We In The Credit Cycle?
Read our recent coverage from Contributor Cliff White on Examiners
Look out for more great features from our Contributors
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