Canada’s big five banks are potentially misleading investors with their use of terms like sustainable finance, according to a complaint to securities regulators by a climate advocacy group. Banks are using the term “sustainable finance” too broadly and not backing up the claims with data, Investors for Paris Compliance said in its submission Tuesday to … Read more
Goldman Sachs CEO David Solomon isn’t getting ready to fire you in the coming weeks — but he may convince you to show yourself the door. Insiders at the Wall Street giant say employees are on edge at the start of 2024 following a traumatic year that had kicked off with “David’s Demolition Day” — … Read more
These days, scams are more sophisticated than ever — and Andy Cohen just experienced it firsthand. On a recent episode of his Daddy Diaries podcast, the 55-year-old Radio Andy host opened up about recently being the victim of a scam, which began with an email from what appeared to be his bank’s fraud alert system. … Read more
As the curtains draw on a tumultuous year, 2023 leaves behind a tapestry of unraveled events, painting a world shrouded in uncertainty and grappling with an ominous glimpse of the future. In a kaleidoscope of occurrences that defy easy categorization, selecting defining images for an annual overview becomes a difficult task. To encapsulate the essence … Read more
2023 was marked by crisis, transition and conflict. As the war in Ukraine dragged into its second year, the EU was confronted with yet another conflict on its doorstep: The Israel-Hamas war, which brought fresh instability to the Middle East and exacerbated divisions between EU countries. Europe now heads into a big election year and … Read more
The U.K. and Switzerland are deepening the ties between their financial services sectors with a new post-Brexit deal. Sopa Images | Lightrocket | Getty Images LONDON — The U.K. and Switzerland on Thursday will sign a post-Brexit financial services deal designed to bring two of Europe’s largest banking centers closer together. British Finance Minister Jeremy … Read more
Wells Fargo employees at an Albuquerque, NM, branch voted to join a union on Wednesday, opening up a new frontier in the labor campaign against corporate America. Wells Fargo employees voted 5 to 3 in favor of joining the Communications Workers of America’s Wells Fargo Workers United, the union said. The vote stands “as a testament to workers in the financial services … Read more
364 Wells Hope Street LLC filed the appeal at the state Superior Court in Stamford on Dec. 6, asking a judge to overturn the decision made by the Zoning Board of Appeals. The company is owned by Jim Cain of Cain Management, who owns and operates every Dunkin’ in Stamford and Norwalk with his wife … Read more
The federal government says it has hammered out the final details with Visa and Mastercard to lower credit card transaction fees for merchants, but small business advocates say the deal doesn’t go nearly far enough. The deal concerns what is called an interchange fee, also known as a “swipe fee,” which sets aside a percentage … Read more
Canada’s financial intelligence agency says it has levied a $1.3-million penalty against CIBC for non-compliance with money laundering and terrorist financing measures. The penalty is the second the Financial Transactions and Reports Analysis Centre of Canada has announced this week after RBC’s $7.4-million fine was publicized on Tuesday. The agency, known as Fintrac, says it … Read more
