S&P Downgrades Saks’ Credit Rating Following Financing Package Controversy Standard & Poor’s recent decision to downgrade Saks Fifth Avenue’s credit rating to CC, a substantial ten levels below investment grade, has sent shockwaves through the luxury retail industry. The move comes in response to the unveiling of a new financing package by the renowned retailer, […]
SEC plans fresh rules for crypto securities
SEC Plans Fresh Rules for Crypto Securities The Securities and Exchange Commission (SEC) is gearing up to implement new regulations for crypto securities in response to what Chair Gary Gensler has deemed a regulatory failure. Currently, only four crypto issuers have registered with the SEC, highlighting a significant gap in oversight and investor protection within […]