Tag: Financial services
Eurozone inflation rebounds to 2.0% on higher energy prices
FRANKFURT, Germany — Eurozone inflation rose to 2.0% in May, driven higher by rising oil prices as other inflationary pressures appeared to remain subdued....
Meme stock cash out: AMC selling 8.5M shares, raises $230.5M
The movie theater chain AMC is raising $230.5 million through an 8.5 million share sale, cashing in on the meme stock frenzy that has...
Bank of Italy forecasts 4% GDP growth in 2021
MILAN — The head of Italy’s central bank said Monday the eurozone’s third-largest economy could grow 4% this year, after shedding 9% during the...
HSBC exiting US retail banking to focus on wealth management
NEW YORK — British banking giant HSBC says it is closing its U.S. retail banking business in order to refocus its efforts on wealth...
Bank CEOs return to testify in front of divided Congress
WASHINGTON — The chief executives of the nation’s largest banks are back in front of Congress, where they are likely to face another round...
2 months in prison for dad who paid $40K in ACT cheat scheme
BOSTON — The founder of a private equity firm who paid $40,000 to have someone secretly correct his daughter's ACT exam answers was sentenced...
Alden puts its stamp on Tribune with new debt and leadership
Hedge fund Alden Global Capital closed its deal for Tribune on Monday. It wasted little time installing new leadership and saddling the newspaper chain...
In New Orleans, documenting history of iconic Black street
NEW ORLEANS — New Orleans resident Raynard Sanders can detail the many ways Black businesses and culture thrived under the canopy of oak trees...
Saved by online lenders, businesses say they’ll borrow again
NEW YORK — Some small businesses forced to turn to online lenders for pandemic relief are making those niche players a bigger part of...
World Bank allocates $2 billion to fund projects in Sudan
CAIRO — The World Bank said Monday it has allocated $2 billion to cash-stripped Sudan as the transitional government has struggled to address the...