Zhongzhi Enterprise Group: Chinese shadow bank files for bankruptcy
The troubled firm reportedly told investors in November its liabilities had outstripped its assets.
The troubled firm reportedly told investors in November its liabilities had outstripped its assets.
Goldman Sachs’ exclusive “management committee” of top bankers has become bloated under CEO David Solomon, according to critics – but some insiders are betting it’s about to get even bigger. The Wall Street giant is expected at the end of the month to make major changes to the powerful panel known internally as “MC,” which…
The executive chairman of Ford Motor Company broke his silence on the monthlong auto workers strike on Monday and said the work stoppage could “devastate local communities” if it continues. Bill Ford, the great-grandson of Henry Ford and the company’s chairman since 1999, also criticized the United Auto Workers union for recently shutting down the…
Major League Baseball rejected a proposed roughly $150 million lifeline extended by Amazon to the nation’s largest regional sports network as it languishes in bankruptcy, The Post has learned. Diamond Sports, a subsidiary of Sinclair Broadcasting, filed for Chapter 11 protection last March as the landscape for RSNs continued to suffer a seismic shift because…
Toronto Star | Toronto Star | Getty Images A recent jury verdict against the National Association of Realtors and large residential brokerages could upend the residential real estate industry. The real estate compensation model is at the heart of the issue. Plaintiffs contend that commission rates are too high, buyer brokers are being overpaid, and…
Blank Street Coffee’s shops have taken over New York City as they lure in customers with cheap lattes and cold brew. Now the upstart chain aims to attract even more consumers who want to slash their coffee budgets through a subscription program. The Blank Street Regulars program, which opened to the public this summer, has…
The National Association of Realtors is grappling with more turmoil in its top leadership ranks just over two months after the trade group’s CEO stepped down well before his planned retirement. The Chicago-based organization said Monday that NAR president Tracy Kasper has resigned, effective immediately, and is being succeeded by the trade group’s president-elect, Kevin…