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1. Branson’s Virgin Orbit Files for Bankruptcy
Richard Branson’s Virgin Orbit files for Chapter 11 bankruptcy and JP Morgan’s Jamie Dimon warns that the banking crisis will have “repercussions for years to come.” Here’s what investors need to know today.
2. JP Morgan’s Dimon Warns Banking Crisis ‘Not Over’
Richard Branson’s space company Virgin Orbit filed for Chapter 11 bankruptcy. The troubled company cut the bulk of its workforce and said it is trying to find a buyer after failing to secure sufficient funding to continue.
3. Signature Bank Execs Sold $100 Million in Shares During Crypto Run
Signature Bank insiders reportedly sold $100 million in stock during the surge in cryptocurrency prices. Sales over the past three years by the bank’s chair, its former CEO, and his successor accounted for about half of the amount sold.
