The percentage of credit-card balances that were at least 90 days delinquent rose to 13.12% in q1, the highest level in 15 years, and the most since the period following the 2008 financial crisis
Undoubtedly, one of the most impressive and touching odes to a liquidating chapter 11 debtor, reportedly penned and performed by a former Spirit employee https://t.co/ABpu5x4jTJ
Formerly bankrupt home goods stores unite - Bed Bath & Beyond agrees to acquire The Container Store for $150M https://t.co/PbaCvb4UU9 via @RetailDive
Interested in learning more about private credit? Elisabeth de Fontenay (@DukeLaw) and I wrote a primer on it last year in the @YaleLJournal: https://t.co/ZkDHl8QJeH
A New Jersey Catholic diocese has agreed to a $180 million settlement to resolve allegations of clergy sexual abuse, a figure far exceeding agreements in some large dioceses but still dwarfed by other massive settlements. https://t.co/RlRrJukAZ0
In light of recent market and financial conditions, and to further the protection of clients and the firm, BlockFills took the action last week of temporarily suspending client deposits and withdrawals. Clients have been able to continue trading with BlockFills for the purpose of opening and closing positions in spot and derivatives* trading and select other circumstances.
BlockFills is committed to transparency in its communications and to the protection of its clients. Management has been working hand in hand with investors and clients to bring this issue to a swift resolution and to restore liquidity to the platform. The firm has also been in active dialogue with our clients throughout this process, including information sessions and an opportunity to ask questions of senior management. BlockFills is working tirelessly to bring this matter to a conclusion and will continue to regularly update our clients as developments warrant.
*Derivative Products available to Qualified Counterparties Only. For US Persons, client is an Eligible Contract Participant (“ECP”) as defined in Section 1a(18) of the Commodity Exchange Act and related guidance. Non-US Persons must qualify as an Eligible Professional Client. BlockFills only provides services to customers resident in the UK who fall within an exemption available under the UK financial promotion regime (investment professionals, high net worth individuals, high net worth companies, unincorporated associations, certified sophisticated investors, etc.).
https://t.co/RbNwzuEFkD