Category: Brothers
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FTX’s bankruptcy fees costliest since Lehman Brothers
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Bread path links finance Coded The high cost of FTX bankruptcy comes amid a fixed increase in the cost of legal services and other professional services The author of the article: Bloomberg News Jonathan Randles It was published on February 26, 2025 • 3 minutes read You can save this…
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Close Brothers sets aside £165m amid car loan commission scandal
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Close Brothers announced that it will allocate up to 165 million pounds in its accounts in the first half to cover the potential costs of the law and compensation related to the scandals of the growing car financing committee. The FTSE 250 Looring revealed the ruling on an unprecedented update,…
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Issa brothers consider £13bn flotation of EG group in the US
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British petrol station tycoons Mohsin and Zubair Issa are considering a potential £13bn listing of their front office empire, EG Group, on the US stock market. This step will represent another blow to the London Stock Exchange, which has been affected by a large group of prominent companies that chose…
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Deal with Gordon Brothers keeps up to 400 open
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Big Lots, which filed for bankruptcy in September, has reached an agreement to keep hundreds of its stores open. The retailer on Friday announced a deal with Boston-based divestiture firm Gordon Brothers Retail Partners, resulting in the transfer of 200 to 400 Big Lots stores to Variety Wholesalers, Inc. Diversified…
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SEC Cracks Down On Brothers Behind $60 Million Crypto Ponzi Scheme
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The U.S. Securities and Exchange Commission today charged brothers Jonathan and Tanner Adam with running a company $60 Million Ponzi Scheme Under the guise of an investment opportunity in cryptocurrencies. This case, which dates back to August 27, 2024, shows that challenges still exist for investors in the fast-paced and…
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SEC Cracks Down On Brothers Behind $60 Million Crypto Ponzi Scheme
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The U.S. Securities and Exchange Commission today charged brothers Jonathan and Tanner Adam with running a company $60 Million Ponzi Scheme Under the guise of an investment opportunity in cryptocurrencies. This case, which dates back to August 27, 2024, shows that challenges still exist for investors in the fast-paced and…
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Shufersal’s performance improves under Amir brothers
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The hard work of brothers Yossi and Shlomi Amir since becoming controlling shareholders in the Shufersal (TASE: SAE) retail chain is starting to show results. Israel’s largest supermarket chain posted a 153% jump in net profit in the second quarter, to NIS 169 million. During the quarter, the Amir brothers…
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Asda’s struggle under Issa brothers draws criticism from Chairman Lord Rose
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Asda chairman Lord Rose has expressed his embarrassment at the supermarket chain’s recent decline, particularly under the leadership of the Issa brothers. In a candid interview with TelegraphRose acknowledged the challenges Asda faces, revealing his concerns about the company’s declining performance and market share. After a 2.1% decline in sales…
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Amir brothers profiting from Shufersal investment
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The largest retail chain in Israel Shufersal Company Limited (level:Sai) ended the first quarter of 2024 with an improvement in all its key milestones including a 35% jump in net profit to NIS 89 million. At the end of the quarter, the Amir brothers – Yossi and Shlomi – completed…
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US DOJ arrests brothers for stealing $25m crypto in 12 seconds
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The US Department of Justice has arrested two brothers for stealing $25 million in cryptocurrencies. Department of Justice (DOJ) mentioned Anton and James Pepper-Bueno were arrested for stealing millions in cryptocurrency via the Ethereum blockchain in just 12 seconds. The brothers allegedly used a Maximum Extractable Value (MEV) exploit to…