Alvarez Marsal news and trends

FTX Uncovers $1.24B in Cash Ahead of Bankruptcy Hearing
Cryptocurrency // November 22, 2022

New managers at cryptocurrency exchange FTX have found the company and its affiliates have $1.24 billion in cash — more than what debtors had previously identified — as the beleaguered firm heads to U.S. bankruptcy court. According to published reports Tuesday (Nov. 22), court filings...

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SVB CEO and Finance Chief Tender Resignations

April 24, 2023
The chief executive and CFO of Silicon Valley Bank’s parent company have stepped down. Gregory Becker, CEO of SVB Financial Group, resigned from that role April 19 and from the company’s board, according to a recent regulatory filing, while chief financial officer Daniel Beck left his job on April 18. The company has not appointed […]

FTX Uncovers $1.24B in Cash Ahead of Bankruptcy Hearing

November 22, 2022
New managers at cryptocurrency exchange FTX have found the company and its affiliates have $1.24 billion in cash — more than what debtors had previously identified — as the beleaguered...