Windstream Bankruptcy Fleeces Investors But Shouldn’t Harm Customers

Windstream Holdings, Inc. (NASDAQ: WIN) has officially filed for Chapter 11 bankruptcy and restructuring following the February 15th, 2019 decision of Judge Jesse Furman in favor of Aurelius Capital Management LP. So what happens next? Windstream has described this bankruptcy filing as a proactive step toward allowing WIN to continue business and improve their operations in the coming days. According to Tony Thomas, President and Chief Executive Officer of Windstream: “Taking this proactive step will ensure that Windstream has access to the capital and resources we need to continue building on Windstream’s strong operational momentum while we engage in constructive

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France’s Largest Bank BNP Paribas Loses $80 Million Due to Trader’s Pre-Vacation Snafu

According to multiple sources, BNP SA, known by many as the largest bank in France, reportedly made a loss of $80 million in derivative trades connected to the United States. The sources confirmed that Antoine Lours, the Head of U.S index trading at BNP, is yet to return to his position at the bank. Lours

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Wells Fargo, JP Morgan and Brexit Vote Challenge US Stock Markets Today

With premarket trading in the green, including Dow Futures, US stock markets may be bound for a rise. But, trading confidence will be challenged by Wells Fargo and JP Morgan Chase earnings reports and the imminent Brexit vote. Big Bank Earnings Reports Roll In Beginning with Citibank parent Citigroup yesterday, earnings reports are starting to

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Citigroup Stock Recovers 5% on Positive Earnings Announcement

Barron’s reported early Monday morning that Citigroup stock had “slumped” after a positive earnings report that also showed a substantial revenue miss, but by the time of writing the trend was reversing on the NYSE. Citigroup (NYSE:C) is the fourth largest US bank with nearly $2 trillion in assets. Citigroup posted earnings of $4.3 billion

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Wall Street is Backing Out of Crypto

Wall Street is quietly moving out of the crypto market, Bloomberg reports. While the market has continued to be battered by news of fraud and imminent regulatory crackdowns, there was a time when it seemed like Wall Street had started to warm up to the rise of crypto assets. Last year, when the crypto industry enjoyed

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Expert: Banks are Enthusiastic Towards Crypto, Waiting for Regulators to Invest

According to Rebecca Harding, a financial journalist and the acclaimed author of “The Weaponization of Trade: the Great Unbalancing of policy and economics,” major financial institutions are waiting to invest in the crypto market. Harding, who operates as the CEO of Coriolis Technologies, a trade technology company that provides services to major banks and corporations

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Mike Novogratz: Bitcoin Price Rally Inbound in Q1 2019

Perennial bitcoin bull Mike Novogratz, founder and CEO of Galaxy Digital, claims bitcoin is positioned for major growth now that institutions are investing in it and big compananies are starting to accept it. Novogratz told CNNMoney’s “Markets Now” that big companies like Microsoft and Starbucks are allowing customers to use bitcoin and that, in the

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Bitcoin Severely Oversold, Various Technical Factors Suggest

Williams %R, a technical analysis oscillator that demonstrates oversold or overbought conditions of an asset, is demonstrating highly oversold conditions for Bitcoin. As Olga Kharif at Bloomberg reported, the Williams Percent Range (WPR) of Bitcoin is hovering at around -83 percent. In WPR, -80 to -100 percent is considered oversold and -0 to -20 percent

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