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Top News In King Street Capital Today - Breaking & Trending Today

SVB Financial plans to hand VC business to creditors

NEW YORK (Reuters) -The bankrupt parent company of Silicon Valley Bank plans to turn over its remaining venture capital business to a new, creditor-backed company while it continues to fight U.S. regulators' seizure of nearly $2 billion in cash, according to court documents filed on Tuesday. SVB Financial Group reached a restructuring agreement with key creditors and has the support of a coalition of banks and investment funds that collectively hold more than $2.3 billion in SVB Financial debt and preferred stock investments, the documents filed in Manhattan bankruptcy court showed. The company filed for bankruptcy in March after Silicon Valley Bank collapsed, becoming the third-largest bank failure in U.S. history. ....

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Nancy Pelosi's 2023 trading gains top 65%, boosted by stock options: report

Nancy Pelosi’s investment portfolio is once again among the top performers on Capitol Hill – and lately she has gotten a major boost from a controversial use of stock options, according to government disclosures. ....

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WeWork creditors brace for losses as bankruptcy hearings start

WeWork creditors brace for losses as bankruptcy hearings start
spokesman.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from spokesman.com Daily Mail and Mail on Sunday newspapers.

New Jersey , United States , Nova Scotia , Blackrock Inc , Softbank Group Corp , Wework Inc , Bank Group Corp , King Street Capital , Silver Point Capital ,

MPOWER Financing expands lending capacity to over $300M

MPOWER Financing expands lending capacity to over $300M
yourstory.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yourstory.com Daily Mail and Mail on Sunday newspapers.

United States , Deutsche Bank , Goldman Sachs , North America , South Asia , Tilden Park Capital Management , King Street Capital ,

As WeWork Burns, Adam Neumann Finds a New Home at Saudi FII Mega Conference

The controversial WeWork Inc. co-founder Adam Neumann made headlines at the FII conference in Riyadh. He spoke about entrepreneurship at the event. Adam Neumann was able to raise large amounts of capital from SoftBank Group Corporation via its Vision Fund. The Vision Fund was backed by sovereign wealth funds including Saudi Arabia’s Public Investment Fund…
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