China Construction Bank Sued in US Over Reinsurance Fraud Losses May 10, 2024 By Robert Burnson China Construction Bank Corp., the nation’s third-largest commercial lender, was accused in a US lawsuit of enabling a massive fraud...
Vesttoo Creditors Say Bankrupt Israeli Insurance Startup Should Liquidate October 24, 2023 By Jonathan Randles Vesttoo Ltd. creditors are seeking to take control of the bankrupt Israeli startup’s court proceedings, arguing the company should liquidate...
Fintech Vesttoo Seeks Chapter 11 Bankruptcy Protection August 15, 2023 Israel-based fintech Vesttoo is seeking Chapter 11 bankruptcy protection in a U.S. court which will enable it to pursue legal...
Fintech Vesttoo to Slash Jobs After Fake Collateral Scandal August 2, 2023 By Steven Scheer Financial services company Vesttoo said on Tuesday it was laying off about 75% of its staff and closing some offices...
Insurance Risk Transfer Platform Vesttoo Valued at $1 Billion After Latest Funding Round October 26, 2022 By Manya Saini Vesttoo Ltd. said on Tuesday its valuation has more than tripled to $1 billion after the insurance risk transfer platform...