Bankruptcy & Restructuring News Headlines for Tuesday Jan 18, 2022

Here's what we are reading this morning:

Widow of Quadriga crypto founder Gerald Cotten says she had no idea about the $215-million scam - The Globe and Mail: In an exclusive interview, Jennifer Robertson speaks out publicly about her deceased husband, Gerald Cotten, his $215-million fraud and her new book, Bitcoin Widow

Appraised Value of Manhattan’s Empire Hotel Gets Clobbered – Commercial Real Estate Direct: Empire Hotel, with 423 rooms and 61,223 square feet of retail space in Manhattan's Columbus Circle area, has been appraised at a value of $137 million.

Credit Suisse Chairman Resigns After Covid Inquiry - The New York Times: The chairman of the Credit Suisse Group, António Horta-Osório, is stepping down immediately after an investigation involving breaches of Covid protocol.

China’s Economy Is Slowing, a Worrying Sign for the World - The New York Times: Economic output climbed 4 percent in the last quarter of 2021, slowing from the previous quarter. Growth has faltered as home buyers and consumers become cautious.

Airlines Warn of Chaos if AT&T and Verizon Deploy 5G Expansion - The New York Times: Thousands of planes could be grounded because the new internet technology interferes with sensors, the industry reiterated in a letter to federal officials.

Chinese Developer Bond Rout Deepens on Hidden Debt Concerns - Bloomberg: A Logan Group Co. note due 2023 sank 14.1 cents to a record low 62.9 cents after Debtwire reported the developer could be on the hook for $812 million of guarantees on outstanding obligations due through 2023. Country Garden Holdings Co.’s bond due 2024 tumbled 12.9 cents to 67.7 cents, extending last week’s selloff for the country’s biggest developer.

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