Nordea Risks Money Laundering Fine Near $1 Billion, Experts Say July 12, 2024 By Sara Sjolin Nordea Bank could face an estimated maximum fine of almost $1 billion over alleged failures to stop money laundering if...
SpaceX Wins Block on U.S. Labor Board Case Over Severance Agreements July 12, 2024 By Daniel Wiessner A federal judge in Texas said on Wednesday he would block the National Labor Relations Board from pursuing claims that...
Citi Fined $136 Million for Failing to Fix Regulatory Issues July 12, 2024 By Katanga Johnson Citigroup Inc. will pay almost $136 million in fines to US bank regulators over issues related to data-quality management and...
Biden Administration Raises FEMA Bar for Flood Resilience July 11, 2024 By Leslie Kaufman The US Federal Emergency Management Agency (FEMA) has finalized a rule mandating that projects built using its funds not only...
Damage From Hurricane Beryl May Cost Insurers $2.7B in U.S., Modeler Says July 11, 2024 By Noor Zainab Hussain Insurers in the United States may take a hit of about $2.7 billion from damage caused by Hurricane Beryl, catastrophe...
Microsoft in $22M Deal to Settle Cloud Complaint, Ward off Regulators July 11, 2024 By Foo Yun Chee Microsoft has clinched a 20-million-euro ($21.7 million) deal to settle an antitrust complaint about its cloud computing licensing practices, averting...
Hurricane Risk Prompts a Caribbean Bank to Disaster-Proof Its Finances July 11, 2024 By Ezra Fieser Hurricane Beryl ripped through the Caribbean last week, leaving small island governments rushing to find funds for the billions of...
FTC Preparing Suit Against Drug Middlemen Over Insulin Rebates July 11, 2024 By Leah Nylen and John Tozzi The US Federal Trade Commission is preparing a lawsuit against the three largest drug middlemen over their use of rebates...
Vitol, SK Settle California Fuel Rigging Probe for $50 Million July 11, 2024 By Archie Hunter California’s attorney general said it reached a $50 million settlement with commodity traders Vitol and SK Energy Americas Inc. after...
BMW to Recall More Than 390,000 Vehicles in U.S. Over Faulty Airbag Inflators July 11, 2024 By Ananta Agarwal German carmaker BMW is recalling more than 390,000 vehicles in the United States due to faulty airbag inflators that could...