Chapter 525

Back when Gaoxin was hit by one scandal after another, it was nearly hammered into bankruptcy by a barrage of regulatory fines and lawsuits. Over the years, a series of CEOs parachuted in from headquarters have tinkered and patched up the mess, miraculously bringing the company back to life, however shakily. Gaoxin has yet to fully complete its internal restructuring, and the Federal Reserve has not lifted the restrictions on its asset scale. Nevertheless, having closed many of its international branches and downsized, Gaoxin has begun to focus on traditional business, reducing high-risk investments and dedicating itself to maintaining both new and long-standing clients. A tech giant had been entangled in a legal dispute with Gaoxin for years over a data leak. Just after the New Year, the verdict was delivered: the giant lost, and was ordered to pay Gaoxin over 3 billion dollars. Following a long period of stagnation, Gaoxin’s stock price finally saw a long-awaited recovery as a result of the ruling.