Bankruptcy & Restructuring News Headlines for Friday Dec 1, 2023

Here's what we are reading this morning:

U.S. steps after SVB failure likely spurred bond-fund outflows: study | Bond Buyer: U.S. regulators' swift action in March to ring-fence the banking sector after the collapse of Silicon Valley Bank might have had an unintended consequence of driving cash out of bond funds by enhancing the appeal of deposits, two New York Fed researchers say.

FTX Moves to Eliminate $24 Billion Tax Claims in Bankruptcy: FTX Trading Ltd. asked a bankruptcy court to knock out $24 billion in estimated claims brought by the Internal Revenue Service, arguing the government has failed to provide “any rational basis” for the figure.

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