DOMINOS: The First Republic bank did not resist the massive withdrawals of its customers SVB, Signature and now First Republic Bank … The American banking sector is registering a new failure. And it is this time JP Morgan who plays the firefighters. Financial authorities have taken control of the ailing Californian bank First Republic Bank which will be acquired by […]
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BANKRUPTCY: The closure of SVB has caused some repercussions on the market Slight wind of panic on the markets. Silicon Valley Bank (SVB) was closed by US authorities on Friday, marking the largest bank failure in the United States since the 2008 financial crisis. The American Deposit Guarantee Agency, the FDIC, has taken control of the establishment, which should […]
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TOURISM: Of these 500 hotels, 100 depended exclusively on Thomas Cook, who went bankrupt on 23rd September The bankruptcy of the British tour operator Thomas Cook could have disastrous consequences for the tourism sector in Spain. According to Juan Molas, president of the Confederation of Hotels and Tourist Accommodation, 500 hotels “will close immediately”. “The situation could […]
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In the United Kingdom, at the headquarters of the bankrupt tour operator, Thomas Cook, controversy swells over the huge salaries received by the leaders of the group. The authorities repatriated thousands of tourists affected by the bankruptcy of Thomas Cook on some 600,000 people on holidays around the world, while in the UK the controversy swelled on […]
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ECONOMY: The authorities will have to organize massive repatriation of some 600.000 tourists in the world who have travelled with Thomas Cook British tour operator Thomas Cook announced on Monday that it was going bankrupt after failing over the weekend to find the necessary funds for its survival, and will go into “immediate liquidation”. The authorities will have to […]
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DRASTIC: Each of the expenses at Tesla will be combed and approved by the CFO Tesla employees will have to tighten their belts. Driven by the difficulties of production of its Model 3 , the American manufacturer reports a loss of 700 million dollars in the first quarter of 2019, reports Electrek site relayed by Clubic . Aware of this critical situation for his […]
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AVIATION: The Icelandic low cost airline Wow Air employs a thousand people The last victim of the Battle of the Atlantic, the low-cost Icelandic airline WOW Air ceased operations on Thursday and cancelled all flights, blocking thousands of passengers in Europe and North America. WOW Air, which carries more than a third of travelers to Iceland , had no investors left […]
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The Nantes textile hard discount group filed for bankruptcy. It has a hundred stores in France, five in Loire-Atlantique. The stock website Cercle finance announced placement into receivership Vet’Affaires the group by the Paris Commercial Court. This company, specialized in cheap clothing, was orginally started in Nantes, at the end of the 80 Group, which […]
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