VodafoneZiggo faces hedge fund fire sale after Virgin Media debt plunge

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News & Analysis

ABF

Distressed

Private Credit

Term time — The financial woes of UK universities

When the University of Nottingham shut down its music and languages department in early October, resulting in more than 500 job losses, it blamed weak enrolment and a “challenging international student recruitment environment”.

20 Oct 2026

| Europe

News & Analysis

Distressed

Character AI bankruptcy panics users at risk of losing digital friends

Sebastian came home from school and cried. Earlier in the day, he had learned that Character AI, an app he opens nearly every day, could shut down. Sebastian, a 20-year old student living in Chile, has used Character AI most days since he joined the app three years ago. He treated it casually at first — a way to talk to characters he loved when he was a child, like Clifford the Big Red Dog.

16 Oct 2026

| US

News & Analysis

Distressed

Private Credit

What matters? Data center lenders debate materiality as construction risk looms

What makes the cut as a material event? It’s a question that has bedeviled Wall Street for years. And it’s a growing concern for credit investors in the fast-growing world of data center finance as they demand greater disclosure on projects’ construction progress amid energy bottlenecks, permitting delays, community opposition and political pushback.

16 Oct 2026

| US

| Europe

News & Analysis

Distressed

Character AI faced probe by 46 state attorneys general before bankruptcy

Character AI faced a probe by 46 state attorneys general before filing for Chapter 11 bankruptcy, the artificial intelligence company revealed in a 13 October filing.

13 Oct 2026

| US

News & Analysis

Distressed

Altice International creditors accuse Drahi of siphoning billions in New York lawsuit

A steering committee of Altice International’s lenders has today (13 October) filed a lawsuit against the company in the New York Supreme Court, alleging a “multi-year scheme” to unlawfully transfer billions of dollars in assets out of creditors’ reach, according to court filings.

13 Oct 2026

| Europe

| CEEMEA

| US

News & Analysis

Distressed

Character AI files Chapter 11 as child-safety lawsuits mount

Character AI said it will file Chapter 11 bankruptcy in Delaware as part of a plan to sell its assets amid mounting wrongful death lawsuits — a landmark example of an artificial intelligence platform turning to the protection of bankruptcy code in the face of legal challenges.

13 Oct 2026

| US