Editor’s Picks

Citi Fined $400M Over Faulty Risk Management Systems

Citi Fined $400M Over Faulty Risk Management Systems
Citi Fined $400M Over Faulty Risk Management Systems
October 07, 2020  |  Regulation

Federal banking regulators have fined Citigroup $400 million, ordering the third-largest U.S. bank to fix the “significant ongoing deficiencies” in its risk management systems, The...

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Ruby Tuesday Files For Bankruptcy, Will Close 185 Locations
Ruby Tuesday Files For Bankruptcy, Will Close 185 Locations
October 07, 2020  |  Retail

Struggling casual dining chain Ruby Tuesday is filing for Chapter 11 bankruptcy protection, the restaurant announced on Wednesday (Oct. 7). Under the reorganization, the company said it plans to...

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Booking Holdings CEO: Airlines Need More Stimulus Money
Booking Holdings CEO: Airlines Need More Stimulus Money
October 07, 2020  |  Economy

Booking Holdings CEO Glenn Fogel wants Congress to provide more support for the airline industry, saying that not doing so would prevent the industry from...

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Report: Wells Fargo Slashes 700 Jobs
Report: Wells Fargo Slashes 700 Jobs
October 07, 2020  |  Personnel

Wells Fargo & Co. has eliminated more than 700 jobs in commercial banking, kicking off a series of cuts that eventually could number in the...

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EU Settlement With Broadcom Could Mean Big Trouble For Amazon, Apple And Google
EU Settlement With Broadcom Could Mean Big Trouble For Amazon, Apple And Google
October 07, 2020  |  ANTITRUST

Laws and regulators sometimes create seismic shifts within industries – where new mandates and rulings on trade and competitive practices can be likened to a...

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The RealReal Partners With Gucci For Sustainability Effort
The RealReal Partners With Gucci For Sustainability Effort
October 07, 2020  |  Retail

The reCommerce luxury marketplace The RealReal announced a unique partnership this week, linking up with Gucci through the end of the year to launch an online...

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In Reversal, Trump Will Sign $1,200 Stimulus Check To Americans ‘Immediately’ If Congress Agrees
In Reversal, Trump Will Sign $1,200 Stimulus Check To Americans ‘Immediately’ If Congress Agrees
October 07, 2020  |  Economy

Hours after President Donald Trump told his staff to end negotiations with lawmakers over a new stimulus package, he reversed that decision. Get the Full...

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VC Firm Greycroft Raises $680M In Search Of Next Venmo, Subscription Startups
VC Firm Greycroft Raises $680M In Search Of Next Venmo, Subscription Startups
October 06, 2020  |  Investments

Venture capital firm Greycroft, based in New York and Los Angeles, has raised $680 million to fund new startups, according to Bloomberg, looking for “the...

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Ripple Threatens To Move If US Isn’t More Crypto Friendly
Ripple Threatens To Move If US Isn’t More Crypto Friendly
October 06, 2020  |  Cryptocurrency

Ripple Executive Chairman Chris Larsen has threatened that his company might leave the U.S. if the country’s cryptocurrency regulations aren’t changed, according to Fortune. Get...

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