Major US bank files for Chapter 11 bankruptcy protection
A top-20 US bank filed for Chapter 11 bankruptcy overnight, shares were halted and regulators are coordinating a backstop.
Summary
A top-20 US bank filed for Chapter 11 bankruptcy overnight, shares were halted and regulators are coordinating a backstop.
- Filed for Chapter 11 bankruptcy protection overnight
- Shares trading halted
- Regulators coordinating financial backstop
- #usbank
- #chapter11
- #bankruptcy
- #regulators
- #shareshalted