Barclays bank cut 5,000 jobs in cost-saving drive
The reduction is much higher than previously reported and a quarter of the cuts will take place in the UK.
The reduction is much higher than previously reported and a quarter of the cuts will take place in the UK.
It comes as 50 new potential victims of the scandal have contacted lawyers after the airing of a TV drama.
Goldman Sachs’ exclusive “management committee” of top bankers has become bloated under CEO David Solomon, according to critics – but some insiders are betting it’s about to get even bigger. The Wall Street giant is expected at the end of the month to make major changes to the powerful panel known internally as “MC,” which…
A post for anyone who is still scared to get the baby Jesus in the Rosca. View Entire Post ›
Seven years after Tesla released the automated driving feature it calls Full Self-Driving, the California Department of Motor Vehicles is pressing accusations of false advertising, with serious implications for the electric car maker. Tesla is defending itself by saying, in effect, that the DMV let the company slide for so many years, the case no…
Walgreens Boots Alliance has agreed to pay $360 million to insurance company Humana to settle a lawsuit alleging the retail-pharmacy chain overcharged for prescription-drug reimbursements. Walgreens disclosed the settlement in a securities filing last week. The company said it had asked a federal court to vacate a previous award in Humana’s favor for $642 million….
Business & FinanceEconomy 14 December 2023, 4:50 am 1 minute Reuters was first to report that the U.S. Treasury Department’s Office of the Comptroller of the Currency (OCC) carried out its first climate risk assessment of more than two dozen banks in recent months, laying the groundwork for heightened scrutiny of Wall Street’s accounting for…