Blog Bancorp Unit to Buy Signature Bank Assets New York Community Bancorp unit to buy Signature Bank assets – FDIC A subsidiary of New York Community Bancorp has entered into an agreement with U.S. regulators to buy deposits and loans from New York-based Signature Bank, which was closed a week ago. The Federal Deposit Insurance Corporation (FDIC) said the deal would see the […]
Blog Citigroup To Fire Unvaccinated Employees This Month Citigroup staff in the United States who have not been vaccinated against Covid-19 by Jan. 14 will be placed on unpaid leave and fired at the end of the month unless they are granted an exemption, a source familiar with the matter said on Friday. The US bank announced its plan to impose new vaccination […]
Blog Man Who Dumped 91,000 Pennies To Pay Ex-Worker Is Sued By Feds After a former employee of A OK Walker Autoworks filed a complaint with state labor regulators in 2021 accusing the owner of failing to issue his final paycheck of $915, he got an unwelcome surprise: a mountain of 91,000 pennies, covered in oil, dumped in his driveway. But the worker, Andreas Flaten, may be having […]
Blog The Great Resignation Another 4.5 million workers quit in the 8th month of record exits, and it shows how the Great Resignation is here to stay A record 4.5 million Americans voluntarily left their jobs in November, according to the Bureau of Labor Statistics. This pushed the quits rate to 3%, matching the high from September. Workers particularly […]
Blog The Facebook Papers The Facebook Papers: What’s you need to know New documents — the Facebook Papers — are bringing more clarity to the social media giant’s problems and reinforcing a whistleblower’s claim that the platform profited off the spread of false information and relies on an algorithm that pushes fake news like drugs. What’s happening […]
Blog Tens Of Millions Of Filthy, Used Gloves Imported Into The US Trash bags stuffed full of used medical gloves, some visibly soiled, some even blood-stained, litter the floor of a warehouse on the outskirts of Bangkok. Nearby is a plastic bowl, filled with blue dye and a few gloves. Thai officials say migrant laborers had been trying to make the gloves look new again, when Thai […]
Blog Facebook, WhatsApp, Instagram Suffer Worldwide Outage Facebook and its Instagram and WhatsApp platforms are back online after a massive global outage plunged the services and the businesses and people who rely on them into chaos for hours Facebook Inc. blamed a global service outage that kept its social media apps offline for much of Monday on a problem with its […]
Blog COVID Antiviral Pill Merck says it has first antiviral pill found to be effective against COVID Molnupiravir is an experimental antiviral drug which is orally active and was developed for the treatment of influenza. It is a prodrug of the synthetic nucleoside derivative N4-hydroxycytidine, and exerts its antiviral action through introduction of copying errors during viral RNA replication. […]
Blog Bitcoin Price Jumps After U.S. Says It Has No Plans to Ban Crypto Worries over regulation have kept a lid on cryptocurrency prices in recent months Bitcoin and other cryptocurrencies jumped suddenly Friday, a day after Federal Reserve Chairman Jerome Powell said the U.S. didn’t have plans to ban cryptocurrencies. Bitcoin rose 10.8% from its 5 p.m. ET value on Thursday to $48,109.69, its highest level in almost […]