Bankruptcy & Restructuring News Headlines for Thursday Feb 8, 2024

Here's what we are reading this morning:

NYCB in Talks to Offload Mortgage Risk, Plans to Sell RV Loans - Bloomberg: New York Community Bancorp has been reaching out to investors for capital to finance a large portfolio of residential mortgages as pressures on the regional lender mount, according to people with knowledge of the matter.

The Container Store lowers guidance as Q3 sales fall 15% | Retail Dive: Net sales for The Container Store’s retail business fell 15.4% to $202.5 million and comparable sales declined nearly 17%.

Simon Property Group trims stake in Forever 21, Brooks Brothers brand-management firm Authentic | Retail Dive: The mall REIT is unwinding some of its investment into the retail business, which CEO David Simon has acknowledged is more volatile than real estate.

Ebix Shareholders Seek Bankruptcy Representation for Equity Value - WSJ: Holders of 18% of the software and e-commerce services supplier point out that shares continue to trade north of $2, with a current market capitalization of roughly $74 million

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