By Pete Schroeder WASHINGTON (Reuters) – The U.S. Federal Reserve announced on Friday it had fined Utah-based Green Dot $44 million for numerous “unfair and deceptive” practices, as well as deficient risk…
Author: Financial Edge Daily
Explainer-The $91-million question: What happens to Biden’s campaign money?
By Jason Lange and Stephanie Kelly WASHINGTON (Reuters) – President Joe Biden’s re-election campaign has a massive bank account that could benefit an alternative candidate if he dropped his White House bid,…
Exclusive-Collaboration software maker Smartsheet fields buyout interest, sources say
By Milana Vinn and Anirban Sen (Reuters) – Smartsheet, a U.S. maker of workplace collaboration software with a market value of $6.3 billion, has tapped investment bankers after attracting acquisition interest from…
Trump-style ear bandages are new trend at Republican National Convention
MILWAUKEE (Reuters) – At the Republican National Convention in Milwaukee this week, a fashion trend with a difference has emerged — fake ear bandages, donned by attendees as a symbolic gesture of…
US appeals court blocks all of Biden student debt relief plan
By Nate Raymond (Reuters) -A federal appeals court on Thursday blocked President Joe Biden’s administration from continuing to implement a new student debt relief plan designed to lower monthly payments for millions…
US bank regulator warns against ‘worrisome’ state laws targeting banks
By Pete Schroeder WASHINGTON (Reuters) – A top U.S. bank regulator warned on Wednesday the agency may begin pushing back against the “worrisome trend” of states adopting laws meant to police national…
Boeing door blowout crisis hitting suppliers, airlines and passengers
By Rajesh Kumar Singh and Allison Lampert (Reuters) – After a door panel on an Alaska Airlines-operated Boeing 737 MAX 9 jet blew off midair in January, Anneke Palmerton learned the carrier…
US online sales hit $7.2 billion on first day of Amazon Prime Day event, Adobe says
(Reuters) – Shoppers spent about $7.2 billion online across retailers during the first day of Amazon’s Prime Day in the United States, according to a report from Adobe Analytics on Wednesday. Major…
Exclusive-Apax, Bain and CVC exploring potential bids for SoftwareOne, sources say
By Amy-Jo Crowley and Oliver Hirt LONDON (Reuters) – Apax Partners, Bain Capital and CVC are each exploring potential bids for SoftwareOne, two people with knowledge of the situation said, three months…
Exclusive-FTC seeking details on Amazon deal with AI startup Adept, source says
By Krystal Hu, Greg Bensinger and Jody Godoy (Reuters) – The U.S. Federal Trade Commission has asked Amazon.com to provide more details on its deal to hire top executives and researchers from…