Tag: Financial services
How billionaire is using financial muscle for racial equity
Inspired by the racial justice protests of 2020, Jahm Najafi is ready to shed his normally low profile to make some headlines for his...
Boy Scouts lawyers eye new bankruptcy reorganization plan
DOVER, Del. — Attorneys for the Boy Scouts of America told a Delaware bankruptcy judge Monday that they plan to file a new reorganization...
IMF: Vaccine inequity threatens Mideast’s economic recovery
DUBAI, United Arab Emirates — Middle East economies are recovering from the coronavirus pandemic faster than anticipated, largely due to the acceleration of mass...
Fed’s Powell: US nears full reopening to ‘different economy’
WASHINGTON — The U.S. economy, boosted by quickening vaccinations and signs of rapid hiring, is headed toward a strong recovery, Federal Reserve Chair Jerome...
Genworth pulls plug on its acquisition by China Oceanwide
RICHMOND, Va. — Insurer Genworth Financial has pulled the plug on its long-delayed acquisition by a Chinese company.
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Japan’s Toshiba studies acquisition proposal by global fund
TOKYO — Trading in Toshiba stock was halted Wednesday after the Tokyo-based technology conglomerate confirmed it had received a preliminary acquisition proposal.
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Startup cards stay open to credit builders
While major credit card issuers tightened lending standards and slashed credit limits amid COVID-19, some financial technology startups took a different tack.
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Credit Suisse foresees $4.7B charge over hedge fund default
GENEVA — Swiss bank Credit Suisse on Tuesday announced the departure of two top executives and said it expects a one-time charge of 4.4...
Businesses and philanthropy unite to fight racial wealth gap
NEW YORK — The CEOs of Starbucks and Goldman Sachs will join leaders from philanthropy and academia in a new initiative to address the...
Boy Scouts victims committee says claims worth $103 billion
DOVER, Del. — The official committee representing child sex abuse victims in the Boy Scouts of America bankruptcy is asking a judge for permission...