| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
80 |
| Employees |
1,942 |
| Revenues (TTM) (Millions $) |
2,399 |
| Net Income (TTM) (Millions $) |
-521 |
| Cash Flow (TTM) (Millions $) |
-104 |
| Capital Exp. (TTM) (Millions $) |
18 |
Business Description
RCS Capital Corp, also known as RCAP, was a publicly traded financial services company based in the United States. It operated as a holding company with subsidiaries engaged in various aspects of the financial industry, including brokerage, investment banking, and asset management.
RCS Capital Corp was initially formed in 2013 through a spin-off from American Realty Capital Properties, Inc. It aimed to provide a wide range of financial services to individual and institutional customers, including advisory services, retail brokerage, and wealth management.
However, the company faced significant financial difficulties and legal issues in the years following its creation. In 2015, RCS Capital Corp filed for bankruptcy, listing over $1 billion in debt. It ultimately sold off many of its subsidiaries and assets to repay creditors.
The downfall of RCS Capital Corp highlights the risks and challenges of operating in the financial services industry, where market dynamics and regulatory issues can heavily impact a company's performance and stability.
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