Day: July 6, 2022

Finance

Voyager Digital Commences Financial Restructuring Process to

Files Voluntary Petitions for Chapter 11 Protection to Implement Restructuring; Proposed Plan of Reorganization Creates Efficient Path to Resume Account Access and Return Value to Customers

Voyager Has Approximately $1.3 Billion of Crypto Assets on the Platform, More Than $350 Million of Cash Held in the FBO Account for Customers at Metropolitan Commercial Bank, and Claims Against Three Arrows Capital of More Than $650 Million1

NEW YORK, July 5, 2022 /PRNewswire/ – Voyager Digital Ltd. (“Voyager” or the “Company”) (TSX: VOYG) (OTCQX: VYGVF) (FRA: UCD2), today announced that it has commenced a voluntary Chapter 11 process to maximize value for all stakeholders. As part of this process, the Company and its main operating subsidiaries filed voluntary petitions for reorganization under Chapter 11 in the U.S. Bankruptcy Court of the Southern District of New York (the “Court”). The Company intends to seek recognition of the Chapter 11 case of

Read More
Bussines Service

Encore Bank adds association banking specialty to services

Little Rock-based Encore Bank launched a new business line, Association Banking by Encore, with the appointment of 25-year community association executive and banking veteran Patti DuBuque.

As executive vice president and director of association banking, DuBuque will be responsible for establishing and leading Encore’s association banking division, which will provide specialized deposit and lending services to community associations across the bank’s footprint. She will operate out of the Tampa, Florida market.

“Patti is a results-oriented leader with proven success in expanding operations and surpassing business growth objectives,” said Burt Hicks, Encore’s president and chief strategy and growth officer. “Bringing Patti on board is a huge win for Encore. We look forward to expanding our services so we can provide the best possible services for community associations and professionals.”

During her career, DuBuque developed a specialty niche in association banking. Her industry experience includes the management of condominiums, large scale communities,

Read More
Business Tips

Three Tips for Exiting Your Business Successfully

When you launch your own business, the last thing on your mind is how to exit. But eventually, the time will come when you want to sell your company to either retire or move on to other opportunities. When that time came for me, I opted to sell my company not to outsiders, but to key employees within my organization. Nine years ago, I received a blind email from a management consultant specializing in exit and succession planning. What got my attention was his mention of an employee-based buyout plan. That sounded very attractive to me; I could create long-term wealth for myself, give key team members an opportunity for ownership, and ensure that the company’s legacy would live on. I began by promoting two key employees, Colby Walton and Jason Meyer, to full partners. They started assuming more responsibility in running the company, and I reduced my active involvement.

Read More
Business Plans

10 Essential Tips When It Comes To Business Marketing

When it comes to marketing your business as a beginner, getting everything in order and setting up the right systems can be quite complicated. There’s much to sort out and organize, but with a little bit of dedicated time and effort, you can reach your goals. Here are some tips to get you started.

A business plan is an important document that helps entrepreneurs and business owners assess their strengths and weaknesses, map out a roadmap to success, and identify the resources they will need to achieve their goals. A well-crafted business plan can help you recruit investors, secure loans, and attract top talent.

The first step in creating a business plan is identifying your objectives. What are you trying to achieve? What are the key milestones you need to reach on the way there? Once you have a clear vision for your business, it’s time to develop a strategy

Read More
Business News

Asia Shares Rise on Optimism About Easing COVID Restrictions

By YURI KAGEYAMA, AP Business Writer

TOKYO (AP) — Asian shares advanced Monday across the board as buying set in after the lull of a U.S. national holiday.

Analysts said the optimism may be driven by expectations the U.S. may decide to cut Chinese tariffs, a welcome move that would also help tame inflation.

China’s Commerce Ministry said Tuesday that Vice Premier Liu He spoke with Treasury Secretary Janet Yellen about coordinating economic policy between the two biggest economies and maintaining the stability of supply chains.

In a statement, it also said the Chinese side “expressed its concern over issues such as the removal of additional tariffs and sanctions imposed by the United States on China and fair treatment of Chinese companies.” The two sides agreed to continue their discussions, it said.

Political Cartoons

Investors also have been encouraged by the lifting of restrictions related to the coronavirus pandemic across

Read More
Business

After Ahn Hyoseop’s GOT7 past, ‘Business Proposal’ star Kim

‘Business Proposal’ may have ended weeks ago, but it is one K-drama that has still stayed in fans’ hearts. And apart from breaking away from the usual clichés and totally raising standards, it also has the most exciting cast ever with the most unexpected connections to K-pop. AK-drama and K-pop crossover doesn’t happen all the time, but we had several actors who have dabbled in the music industry, from leading lady Kim Sejeong being a soloist and part of girl groups I.O.I and gugudan to Byungchan, who plays her brother, being a member of the currently popular group Victon. If that wasn’t enough, even the male leads Ahn Hyo-seop and Kim Mingue have shocking pasts.

While GOT7 fans already know of this, Ahn Hyo-seop was a JYPE trainee who almost debuted with the boy group. Many speculate that he is the trainee who accidentally introduced Youngjae to a naked Bambam.

Read More