Airbnb Will Not Survive This
Deep in debt with no money coming in, hosts need to make their mortgage payments. Look for a $10 million fund to deplete almost immediately.
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Top Bankruptcy Lawyers Already Overloaded
While the courts are quiet, the preparations have bankruptcy professionals as busy as they have been in years. But valuing the assets is impossible.
Wells Fargo's COVID Problem Will Kill The Call Center
Multiple branches shut down after employees tested positive for the virus. Now the contagion has spread to the bank's 9,000-seat customer care center.
Lawsuits Over Advisors’ Margin Calls Expected To Rise Amid Coronavirus Crisis
Lawsuits over margin calls made by wirehouses amid the volatile markets caused by coronavirus are likely to increase in the coming months.
Over 200,000 Small Defined Contribution Plans Face Termination Due To COVID-19 Crisis
During a webinar, the chief government affairs officer of the ARA said over 200,000 small defined contribution plans could be in danger of termination
Invesco Mortgage Capital Warns It Can’t Fund Margin Calls
The company said in a statement Tuesday it couldn’t meet calls received the previous day and probably won’t meet additional expected calls ahead.
25-Year-Old Bank Associate In COVID Coma
Allard's situation makes pretty distressing reading, particularly for anyone who was still clinging to hopes that this is only a threat to the old.
