Bankruptcy & Restructuring News Headlines for Monday Aug 5, 2024

Here's what we are reading this morning:

Deutsche Bank (DB) Is Unloading $1 Billion in US Real Estate Loans - Bloomberg: Deutsche Bank AG is trying to offload up to $1 billion in US commercial property loans off its balance sheet, just as rising interest rates have dented profits in its real estate portfolio, according to people familiar with the matter.

Nikkei sees worst day since 1987 with Japan stocks in bear market; South Korea’s Kospi briefly halts trading: The 12.4% loss on the Nikkei was the worst day for the index since the "Black Monday" of 1987.

Crypto plunge wipes out $270 billion in value as bitcoin, ether plunge: Bitcoin and ethereum suffered steep drops on Sunday as investors sold out of risky assets.

Dow futures slide more than 300 points after Nasdaq falls into a correction: U.S. stock futures fell Sunday night following a volatile week for Wall Street, in which the Nasdaq Composite dropped into correction territory.

Markets Around the World Are Rattled by Fears of Slowing U.S. Growth - The New York Times: Stocks in Asia tumbled, led by Japan, where declines triggered “circuit breakers” meant to calm rapid moves. European and U.S. markets were set for declines.

Buca di Beppo files for bankruptcy: According to the filing, the company has been hit hard by a significant drop in sales alongside rising food and labor costs, continued staffing challenges, and changes in customer preferences





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