US Fed Fines Deutsche Bank $186M for Failing to Beef Up Money Laundering Controls July 20, 2023 By Pete Schroeder and Chris Prentice The Federal Reserve said on Wednesday it fined Deutsche Bank and its U.S. affiliates $186 million for failing to sufficiently...
GOP Attorneys General Shift Battle Over Affirmative Action to Workplace July 20, 2023 By Wyatte Grantham-Philips and Geoff Mulvihill Thirteen Republican state attorneys general are cautioning CEOs of the 100 biggest U.S. companies on the legal consequences for using...
Update: Allstate Estimates Catastrophe Losses of $1 Billion in June, $2.7 Billion in Q2 July 20, 2023 Allstate Corp. announced estimated catastrophe losses for the month of June of $1.01 billion, or $799 million, after-tax. June’s month...
Marsh McLennan Beats Q2 Profit Estimates on Higher Interest Income July 20, 2023 Marsh McLennan reported second-quarter profit above expectations on Thursday, bolstered by the higher interest the company earned from client funds....
Travelers’ Q2 Profit Plummets on Historic-Level Catastrophe Losses July 20, 2023 Travelers Companies Inc. on Thursday reported a 98% fall in quarterly profit, as severe wind and hailstorms in parts of...
Employees Are Losing Sleep Over Rookie Managers: Research July 20, 2023 By Mia Gindis New managers can be the stuff of office workers’ nightmares. That’s according to new research by digital learning system Oji...
AT&T Does Not Intend to Immediately Remove Lead Cables From Lake Tahoe July 20, 2023 By David Shepardson AT&T said on Tuesday it does not intend to immediately remove lead cables from Lake Tahoe pending further analysis, according...
Cybersecurity Labeling for Smart Devices Aims to Cut Hacking Vulnerabilities July 20, 2023 The Biden administration and major consumer technology players on Tuesday launched an effort to put a nationwide cybersecurity certification and...
Twitter Again Sued Over Severance Pay, Bias During Layoffs July 19, 2023 By Daniel Wiessner Twitter Inc. on Tuesday was hit with the second lawsuit this month to claim that it owes at least $500...
Bain Capital Raises $1.15B for Its First Fund Dedicated to Insurance Investments July 19, 2023 By David French Bain Capital has raised $1.15 billion for its first fund dedicated to investing in the insurance industry, as the private...