Zhongzhi Enterprise Group: Chinese shadow bank files for bankruptcy
The troubled firm reportedly told investors in November its liabilities had outstripped its assets.
The troubled firm reportedly told investors in November its liabilities had outstripped its assets.
The National Association of Realtors is grappling with more turmoil in its top leadership ranks just over two months after the trade group’s CEO stepped down well before his planned retirement. The Chicago-based organization said Monday that NAR president Tracy Kasper has resigned, effective immediately, and is being succeeded by the trade group’s president-elect, Kevin…
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…
Comment on this storyComment Add to your saved stories Save Congress may need to pass a temporary government funding bill before a looming deadline to prevent a partial shutdown — even though leaders announced a spending deal over the weekend meant to keep the government open. Funding for roughly 20 percent of the federal government…
Prosecutors at the National Labor Relations Board say Trader Joe’s illegally fired a union supporter in Massachusetts because he was pushing for better working conditions. In a complaint filed Tuesday, officials argued that the company should be forced to offer reinstatement and back pay to Stephen Andrade, a nearly 18-year Trader Joe’s veteran in Massachusetts….
Southern California’s luxury real estate market never sleeps. But this past year, it collectively caught its breath. Luxury sales slowed down in 2023 — a combination of soaring interest rates, a newly introduced “mansion tax” and an inevitable drop-off from a pandemic market when megamansions flipped like hotcakes. In 2022, there were 17 home sales…
Ignacio E. Lozano Jr. loved to tell the story about arriving in Los Angeles in 1948 from the University of Notre Dame with a journalism degree, taking a look at his family’s business — and immediately fearing it was doomed. His father, Ignacio E. Lozano Sr., was a pioneering publisher who founded a Spanish-language daily…