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CEO Vishal Garg is on the hook for any losses stemming from a $750 million convertible bridge note investment, a fact he allegedly recently acknowledged to employees.
May 19
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Embattled online mortgage lender Better is turning to a former Goldman Sachs Group Inc. consumer-banking veteran to help it pursue a public listing just as rising interest rates pressure the business already reeling from a slew of personnel missteps.
May 10
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The firm's merger with a special purpose acquisition corporation is expected to be completed this quarter, according to financial filings.
April 27
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The company is blaming anticipated declines in origination volume for its latest cuts.
April 19
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