Propelled by the bankruptcy of Silicon Valley Bank’s parent SVB Financial Group and other chapter 11 filings, U.S. corporate bankruptcies jumped in March to the highest level in three years, in a sign of a cooling economy.
S&P Global Market Intelligence reported 71 U.S. bankruptcy filings in March, up from 58 in February and more than double the March 2022 total of 33. It’s the highest number since 74 bankruptcies in July of 2020, early in the coronavirus pandemic.
With…
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