Bankruptcy & Restructuring News Headlines for Friday Mar 18, 2022

Here's what we are reading this morning:

JPMorgan Processed Russia Bond Payments, Sent Money to Citigroup - Bloomberg: JPMorgan Chase & Co. has processed funds that were earmarked for interest payments due on dollar bonds held by the Russian government and sent the money on to Citigroup Inc., according to people familiar with the matter

5 Harlem 'Dark Stores' Close Amid Delivery Companies' Implosions | Harlem, NY Patch: Fridge No More and Buyk have shut down their Harlem warehouses after both companies rapidly imploded

After nearly 2 decades of decline, what's next for office supplies stores? | Retail Dive: Home offices are booming. The retailers that specialize in stocking them are not.

Russia Averts Default After Investors Receive Foreign Debt Payments - WSJ: Holders of two Russian dollar bonds said coupon payments arrived Thursday, a day late, but well within the 30-day grace period.

Russia-Backed Delivery App Buyk Files for Bankruptcy in N.Y. - Bloomberg: Rapid grocery delivery app Buyk Corp. filed for bankruptcy on Thursday after fallout from Russia’s invasion of Ukraine restricted the startup’s access to funding.

RETAIL GameStop shares fall as retailer reports loss during holiday quarter: The CEO said company leaders “do not feel it’s prudent to provide guidance during the early stages of our transformation and with the current global backdrop,” but he said they expect growth across the company’s stores, its website and its gaming offerings.

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