Evergrande's crisis continues: $2 billion seized, earnings delayed
CNN
Banks have seized $2 billion in cash from Evergrande, the ailing Chinese real estate developer said Tuesday as it announced a delay to the publication of its annual earnings.
Evergrande said that it won't be able to meet the March 31 deadline for publishing audited results for 2021, a year which saw it default on its debts as prices and activity in China's vast real estate sector slumped.
One of its units — Evergrande Property Services — said some of its lenders had unexpectedly claimed around 13.4 billion yuan ($2.1 billion) of its bank deposits that were pledged as collateral for "third party guarantees."
The male-dominated sports media apparatus is stumbling over itself trying to pretend that it hasn’t ignored the WNBA for decades until Caitlin Clark came along. But rather than admitting their blind spots, several male commentators are parachuting themselves into a sport they barely understand, covering it the only way they know how, and dismissing anyone who suggests they could do better.