(Bloomberg) -- Advisers to FTX say the collapsed crypto company owes a dizzying assortment of firms including Goldman Sachs Group Inc., JPMorgan Chase & Co. and Wells Fargo & Co., bankruptcy court documents show.Most Read from BloombergAdani Rout Crosses $51 Billion as Stocks Plunge by Daily LimitsHindenburg vs Adani: The Short Seller Taking On Asia’s Richest PersonWe Asked ChatGPT to Make a Market-Beating ETF. Here’s What HappenedNYSE Mayhem Traced to a Staffer Who Left a Backup System RunningA
The company said in a regulatory filing it does not have sufficient resources to repay the amounts under the credit facilities, adding it will consider all strategic alternatives, including restructuring its debt under the U.S. Bankruptcy Code. The bank has determined to exercise rights such that all outstanding loans under credit facilities and other obligations of Bed Bath & Beyond under its amended credit agreement are due and payable immediately, according to the filing. The retailer's outstanding borrowings under an asset-backed loan and first-in-last-out loan (FILO) were $550 million and $375 million, respectively, as of Nov. 26.
JPMorgan Chase & Co has written to Italy's top soccer league to express a preliminary interest in supporting the development of Serie A's media business, three people close to the matter said. Interest from the U.S. bank rivals that of several investment funds which have approached Serie A as the league prepares to hold a tender to sell its domestic and international broadcasting licences for the seasons after 2024. The sources said the 20 clubs that comprise Serie A were informed of the interest by the U.S. bank at a closed-door meeting of their top executives on Thursday.