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☆ Straight to the Pointe
▼ + stars: | 2024-04-19 | by ( Julia Boorstin | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStraight to the PointeMisty Copeland began ballet lessons at 13. A prodigy, she was dancing en pointe just three months later, all while her family faced housing insecurity. In 2015, the trailblazing ballerina became the first African American woman to become a principal dancer at the American Ballet Theatre. Copeland discusses her illustrious career, overcoming adversity and her mission to make the dance community more inclusive.

Persons: Misty Copeland, Copeland Organizations: American Ballet Theatre Locations: American

☆ A Slimmer Goldman Sachs Posts Hefty Jump in Profit
▼ + stars: | 2024-04-15 | by ( Rob Copeland | ) www.nytimes.com time to read: +1 min

What a difference a year makes at Goldman Sachs. The venerated Wall Street investment bank, which a year ago was in the throes of struggle after attempting to build a Main Street franchise, on Monday showed off the benefits of sticking to what it knows best. It earned nearly $4 billion in the first quarter — around $1 billion more than analysts expected — after reaping big profits in its trading and corporate advisory franchises. Its investment banking fees exceeded $2 billion in the first quarter, nearly one-third higher than the same period a year earlier. If it returns, Goldman is among the big banks in line to benefit.

Persons: Goldman Sachs, Goldman, JPMorgan Chase Organizations: Wall, JPMorgan

In 2021, college athletes in the NCAA gained the opportunity to benefit financially from their name, image and likeness — known as NIL regulations. The NIL era has allowed college athletes to save for the future and seek professional financial advice in a way many 18- to 22-year-olds can't. NCAA athletes hire agents and financial advisors to help them negotiate NIL deals, ushering in new financial responsibilities. Copeland is the CEO of Athletes.org, an organization that focuses on helping college athletes navigate this new world. Morgan Stanley's head of Global Sports and Entertainment, Sandra Richards, and her team work with several NCAA athletes.

Persons: Caitlin Clark, Matthew Holst, Olivia Dunne, Chase Griffin, Griffin, Jayne Kamin, I've, He'll, Brandon Copeland, Copeland, Morgan Stanley's, Sandra Richards, Richards Organizations: Iowa Hawkeyes, Ohio State Buckeyes, Carver, Getty, NCAA, Louisiana State University, University of Iowa, UCLA, UCLA Bruins, Arizona Wildcats, Rose, CNBC, NFL, CNBC Global Financial Wellness, Global Sports, Entertainment Locations: Iowa City , Iowa, Pasadena , California

☆ Dimon Warns of ‘Unsettling’ Pressures as JPMorgan Reports Earnings
▼ + stars: | 2024-04-12 | by ( Rob Copeland | More About Rob Copeland | ) www.nytimes.com time to read: +1 min

His gloom, however, has also been consistently at odds with heady financial markets. In late 2022, for instance, he predicted economic bumps and, potentially, a severe recession for the next year; instead, the American economy boomed in 2023. Mr. Dimon has been among the few to say they are preparing for the possibility that interest rates will be raised again, a move that would suggest more extreme inflation than is currently being measured. Mr. Dimon made more extended remarks on the tricky environment in his annual letter to shareholders this week. JPMorgan also disclosed a fall in its so-called net interest income, a closely watched financial metric that essentially measures how much money it is able to make from lending.

Persons: Dimon, ” Organizations: Federal Reserve, JPMorgan Locations: United States, Ukraine

☆ The Worst Part of a Wall Street Career May Be Coming to an End
▼ + stars: | 2024-04-10 | by ( Rob Copeland | ) www.nytimes.com time to read: +1 min

Finessing the language on esoteric financial documents that may never be read by another soul. Such grunt work has long been a rite of passage in investment banking, an industry at the top of the corporate pyramid that lures thousands of young people every year with the promise of prestige and pay. Generative artificial intelligence — the technology upending many industries with its ability to produce and crunch new data — has landed on Wall Street. And investment banks, long inured to cultural change, are rapidly turning into Exhibit A on how the new technology could not only supplement but supplant entire ranks of workers. can do much of that work speedily and with considerably less whining.

☆ People priced out of Austin and Orlando are moving to these cheaper cities
▼ + stars: | 2024-03-27 | by ( Dan Latu | ) www.businessinsider.com time to read: +5 min

Austinites are heading an hour away, to Killeen, according to real-estate consultancy John Burns. Orlando residents are decamping to Lakeland, Florida, trading nightlife for space, John Burns said. The Austin metropolitan area similarly grew 2.7% in 2021 and 2022, adding 63,000 people, according to the city of Austin. In 2021, 1,607 households moved from Orlando to Lakeland, while 250 households left Austin for Killeen, John Burns said in its analysis, published March 5. The primary reason is affordability, Austin real-estate agent Lisa Copeland told Business Insider.

Persons: John Burns, —, Orlando, Redfin, Killeen, Austin, Lisa Copeland, Copeland, Jordan Prais, It's, Prais, Lakeland's, it's Organizations: Service, Orlando, Austin, John, John Burns Research, Consulting, Business, Lakeland, Florida Children's Museum, Army Locations: Killeen, Orlando, Lakeland , Florida, Austin, Killeen , Texas, Lakeland, Central Florida, Austinites, Texas, Fort Hood

☆ Misty Copeland reflects on the ‘generational trauma’ felt by Black ballet dancers
▼ + stars: | 2024-03-24 | by ( Matt Marshall | ) edition.cnn.com time to read: +6 min

And that wasn’t always the case.”There were also instances of discrimination that could have easily turned Copeland away from dance all together. “There were times that I was not cast in certain roles because I would stand out too much and kind of ruin the aesthetic, especially if it was a performance that was being filmed,” Copeland told Wallace. “I think about this kind of generational trauma for Black dancers that comes with that role,” she said. And I feel that that’s what I’ve done with a lot of the roles I’ve taken on, but especially Swan Lake,” Copeland told Wallace. Misty Copeland and James Whiteside perform in "Swan Lake" at Lincoln Center in New York, June 24, 2015.

Persons: Misty Copeland, Copeland, “, ” Copeland, CNN’s Chris Wallace, Chris Wallace, ”, who’s, “ I’ve, it’s, wasn’t, Wallace, “ Odette, Odile ”, Theatre’s, “ We’ve, that’s, Odette, Swan, James Whiteside, Julieta Cervantes, ABT, Jackie Robinson, haven’t, Daniil Simkin, Kevin Sullivan, Max Organizations: CNN, American Ballet Theatre, New York Times, Lincoln Center, Register, Getty, Motion Productions, ”, Boys & Girls Clubs of America, Misty Copeland Foundation Locations: American, Swan, ”, Swan Lake, “, New York, Orange

☆ One Year After Bank Crisis, a Struggle Over What Needs to Change
▼ + stars: | 2024-03-10 | by ( Rob Copeland | ) www.nytimes.com time to read: +2 min

They were forced into action after Silicon Valley Bank collapsed on March 10, 2023, quickly followed by two other lenders, First Republic and Signature Bank. Faced with the threat of a billowing crisis that could threaten the banking industry — the worst one since 2008 — rivals and regulators put together a huge bailout fund. Indeed, many bankers and their lobbyists now rush to describe the period as a regional banking crisis, a term that tends to understate how worried the industry was at the time. One reason for the increased tensions is that government officials are proposing rule changes that lenders argue will crimp their businesses, and would not have done much to stem Silicon Valley Bank’s collapse. In just a few days last March, Silicon Valley Bank went from a darling of the banking world to collapse.

Organizations: First, Signature Bank, Silicon Valley Bank Locations: Silicon

☆ New York Community Bank Raises $1 Billion in Emergency Cash
▼ + stars: | 2024-03-06 | by ( Rob Copeland | ) www.nytimes.com time to read: +1 min

New York Community Bank, the midsize lender under pressure over its real estate loans and internal management, announced an overhaul on Wednesday that included more than $1 billion in emergency cash, the addition of former Treasury Secretary Steven Mnuchin to its board and the appointment of its third chief executive in a month. The investment of more than $1 billion includes cash from Mr. Mnuchin’s private equity firm, Liberty Strategic Capital, and Kenneth Griffin’s Citadel Global Equities, among others. The bank’s new chief executive, Joseph Otting, worked closely with Mr. Mnuchin in the past. He ran OneWest Bank, then owned by Mr. Mnuchin, for five years. He also oversaw the Office of the Comptroller of the Currency, one of the banking industry’s primary regulators, during the Trump administration.

Persons: Steven Mnuchin, Kenneth Griffin’s, Joseph Otting, Mnuchin, Trump Organizations: York Community Bank, Silicon Valley Bank, Liberty Strategic Capital, Global, OneWest Bank, Mr Locations: Washington, Silicon

☆ Bank Runs Spooked Regulators. Now a Clampdown Is Coming.
▼ + stars: | 2024-03-05 | by ( Jeanna Smialek | Rob Copeland | ) www.nytimes.com time to read: +1 min

One year after a series of bank runs threatened the financial system, government officials are preparing to unveil a regulatory response aimed at preventing future meltdowns. After months of floating fixes at conferences and in quiet conversations with bank executives, the Federal Reserve and other regulators could unveil new rules this spring. The interagency clampdown would come on top of another set of proposed and potentially costly regulations that have caused tension between big banks and their regulators. Taken together, the proposed rules could further rankle the industry. The goal of the new policies would be to prevent the kind of crushing problems and bank runs that toppled Silicon Valley Bank and a series of other regional lenders last spring.

Organizations: Federal Reserve, Bank Locations: Silicon

☆ A mom who's stuck with the bill for her ex-husband's student loans is struggling to pay the $365,000 balance and help her kids at the same time
▼ + stars: | 2024-03-04 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

But more than a decade later, their student loans are preventing them from fully separating. So my current husband has all my kids' student loans in his name," Rowan told BI. AdvertisementShe also can't get a new credit card, and she said that her parents are concerned her inheritance will be garnished because of her student loans. BI recently spoke to Chrystal Copeland, a 46-year-old mom also seeking to get her loan balance separated from her ex-husband. "The only thing that is still holding me in this cycle of abuse is these student loans," Copeland said.

Persons: Shannon Rowan, Rowan, it's, Sen, Mark Warner, David Price, —, Joe Biden, It's, Chrystal Copeland, Copeland, she's Organizations: Service, Business, BI, Public, Rowan

☆ New York Community Bank Reports $2.4 Billion More in Losses as C.E.O. Resigns
▼ + stars: | 2024-02-29 | by ( Rob Copeland | ) www.nytimes.com time to read: +1 min

They sent the bank’s already pressured shares into another nosedive, down more than 20 percent in after-hours trading. The ugly developments were the last thing NYCB needed after weeks of trying to assuage investors’ concerns about its financial health. Despite its name, the bank has a national presence, partly because of its acquisition of much of Signature Bank, which collapsed during last year’s banking crisis. Based on Long Island, NYCB operates more than 400 branches under brands including Flagstar Bank across the Midwest and elsewhere. Flagstar is one of the nation’s largest residential mortgage servicers, making the bank particularly at risk to any weakness in the housing market in an era of persistently elevated interest rates.

Persons: NYCB Organizations: York Community Bank, Signature Bank, Flagstar Bank Locations: Long, NYCB, Midwest

☆ A mom with $50,000 in student debt 'can't break free' from her ex-husband because she's still stuck paying off his loan balance
▼ + stars: | 2024-02-19 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +6 min

Chrystal Copeland, 46, is stuck paying off her ex-husband's student loans. While a law passed to allow the separation of spousal balances, it'll take time to implement. But their student loans are keeping them together. "The only thing that is still holding me in this cycle of abuse is these student loans. She now has about $50,000 in student debt, according to documents reviewed by Business Insider, and she's facing payments of about $500 a month.

Persons: Chrystal Copeland, Copeland, —, that's, I'm, Sen, Mark Warner, David Price, Joe Biden, she's, she'll, hasn't, I've Organizations: Service, Business, Education Department, Federal, Public, Aid, Federal Student Aid, Group Locations: —

☆ See what celebrities wore to New York Fashion Week
▼ + stars: | 2024-02-13 | by ( Jacqui Palumbo | ) edition.cnn.com time to read: +4 min

CNN —New York Fashion Week is back, with celebrities seen sitting front row at shows across Manhattan and Brooklyn and arriving at private parties for luxury houses including Gucci and Yves Saint Laurent. Jamie McCarthy/Getty Images for Christian SirianoJodie Turner-Smith arrives at a private Gucci party. Gilbert Carrasquillo/GC Images/Getty ImagesJessica Chastain at a private Gucci party on Saturday. Dimitrios Kambouris/WireImage/Getty ImagesElliot Page arrives at a private Gucci party. Theo Wargo/Getty Images for NYFW: The ShowsIris Apatow at a private Gucci party on Saturday.

Persons: Gucci, Yves Saint Laurent, Tommy Hilfiger’s, Sofia Richie Grainge, Becky G, Willy Chavarria’s, Sam Smith, Julia Fox, Jessica Chastain, Jodie, Turner Smith, Demi Moore, Elliot Page, Nicola Peltz Beckham, Joe Biden’s, Ashley Biden, Kamala Harris ’, Ella Emhoff, Sophia Bush, J . Smith, Cameron, Philipps, Melanie Lynskey, Alicia Silverstone, Ashlee Simpson, Christian Siriano's, Jamie McCarthy, Christian, Jodie Turner, Smith, Gilbert Carrasquillo, Dascha Polanco, Willy Chavarria's, Roy Rochlin, Debbie Harry, Jason Mendez, Willy Chavarria, Amanda Lepore, Tommy Dorfman, Natasha Lyonne, Annabelle Dexter, Jones, Chanel, Dimitrios Kambouris, Camila Mendes, Ariana Greenblatt, Gilbert Flores, Storm Reid, Jackie Aina, Udo Salters, Cowan, Sarah Desjardins, Christian Cowan, Joel Kim Booster, Anna Wintour, Diane Kruger, Carolina Herrera, Charly Triballeau, Olivia Jade, Noah Beck, Louisa Jacobson, Misty Copeland, Jaimie Alexander, Jason Wu, Molly Ringwald, Helmut Lang, Jed Cullen, Dave Benett, Jeremy O, Harris, Stephanie Hsu, Phillip Lim, Arturo Holmes, Bella Thorne, Theo Wargo, Iris Apatow, Katie Holmes, Ulla Johnson, Manny Carabel, Jemima Kirke, Trullie Organizations: CNN, New York, Central, Brooklyn, Christian, Gucci, Bach, Getty, Harmonie Club, Carolina, Beauty Brooklyn Locations: Manhattan, Brooklyn, AFP, Zsela

NEW YORK (AP) — A man convicted in the notorious drug-related killing of a rookie New York City police officer at the height of the city's crack epidemic decades ago has been denied parole, a union representing NYPD officers said Sunday. Todd Scott had been serving 25 years to life for his role in the shooting death of Officer Edward Byrne in Queens. Scott was convicted of second-degree murder and has been serving his sentence at the maximum-security state prison in Shawangunk. Patrick Hendry, president of the Police Benevolent Association, said in a statement that the union was “relieved” Scott was denied parole. The union said it also will continue to oppose the release of two others convicted in the killing.

Persons: Todd Scott, Edward Byrne, Queens . Byrnes, Scott, Howard “ Pappy ” Mason, Byrne, couldn't, Patrick Hendry, “, ” Scott, David McClary, Phillip Copeland, Scott Cobb, ” Hendry, Byrne's, Kenneth Byrne, ” “, Eddie Organizations: New York, Police, NYPD, Police Benevolent Association Locations: New York City, Queens, Shawangunk, ”

☆ Policy changes look to reduce 401(k) plan 'leakage'
▼ + stars: | 2024-02-10 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

About 40% of workers who leave a job cash out their 401(k) plans each year, according to the Employee Benefit Research Institute. The 401(k) ecosystem would have almost $2 trillion more over a 40-year period if workers didn't cash out their accounts, EBRI estimated. 85% of workers who cash out drain their 401(k)It's not all workers' faultIt's not all workers' fault, though. By law, employers can cash out the small account balances of former employees who leave their 401(k) accounts behind. It's not just workers who benefit: Administrators keep more money in the 401(k) ecosystem, likely padding their profits.

Persons: Craig Copeland, —, whittle, Spencer Williams, Vanguard Group —, wouldn't, Williams, who's, It's Organizations: Getty, Research, Fidelity Investments, Vanguard Group

☆ Why millennials' retirement outlook may be worse than older generations
▼ + stars: | 2024-02-09 | by ( Greg Iacurci | ) www.cnbc.com time to read: +9 min

'Deteriorating' retirement outlookAbout 38% of early millennials (those born in the 1980s) will have "inadequate" retirement income at age 70, according to projections from a 2022 Urban Institute study. watch now"We do see the retirement outlook deteriorating for future generations," including millennials, said Richard Johnson, director of Urban's retirement policy program and co-author of the report. Millennials' student loans dent their net worthA 2021 paper by the Center for Retirement Research at Boston College had similar findings. Meanwhile, the last major Social Security overhaul, in 1983, gradually raised the program's "full retirement age" to 67 years old. That will make it easier to save for retirement, according to a Brookings Institution report.

Persons: Jamie Grill, Craig Copeland, Gen X, Xers, Richard Johnson, Johnson, aren't, Millennials, Gen Xers, CRR, X, EBRI, Anqi Chen, Copeland, millennials, they're, William Gale, Hilary Gelfond, Jason Fichtner, there's, Sean Deviney, Deviney Organizations: Social Security, Research Institute, Urban, Center for Retirement Research, Boston College, Research, Transamerica Center, Retirement Studies, Finance, IRA, Pensions, Social, Center, Budget, Brookings Institution, Vanguard Group Locations: U.S, Fort Lauderdale , Florida

☆ Former NFL linebacker Brandon Copeland on the importance of financial literacy
▼ + stars: | 2024-02-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer NFL linebacker Brandon Copeland on the importance of financial literacyFormer NFL player Brandon Copeland joins 'The Exchange' to discuss his new book, 'Your Money Playbook,' his mission to teach the importance of financial literacy, and more.

Persons: Brandon Copeland Organizations: NFL

☆ Big Dreams Come Back to Bite New York Community Bank
▼ + stars: | 2024-02-08 | by ( Rob Copeland | Emily Flitter | ) www.nytimes.com time to read: +1 min

During last spring’s banking crisis, when a competing lender went under, New York Community Bank pounced, acquiring a big chunk of its business. The pain stems largely from a weakening commercial real estate market that impelled NYCB — which operates more than 400 branches under brands including Flagstar Bank — to admit to mounting losses. After the bank rushed to project stability, including by releasing a new set of financial disclosures on Tuesday evening that one analyst termed a “late night news dump,” shares rose 7 percent on Wednesday. Whether its efforts will stick is an open question. NYCB executives, who just a week ago had been tight-lipped about the bank’s finances, opened up the books on Wednesday and laid out turnaround plans on a public conference call.

Persons: Flagstar Bank — Organizations: New York Community Bank pounced, Flagstar Bank, Signature Bank

☆ A New Perk for Some Student Loan Borrowers: A 401(k) Match
▼ + stars: | 2024-02-02 | by ( Tara Siegel Bernard | ) www.nytimes.com time to read: +1 min

Student loan borrowers who are lucky enough to have access to a 401(k)-type plan, but are too stretched to save in it, may soon be helped by a new workplace benefit: Paying off their student loans can generate retirement savings contributions from their employer. Starting this year, workers with student loans can receive employer matching contributions in workplace plans, even if they’re not able to save anything on their own. The loan payments count instead. The new feature was made possible by legislation known as Secure 2.0, which included a package of retirement-related provisions intended to boost savings. “Employers can distinguish themselves in attracting and retaining workers by offering such benefits,” said Craig Copeland, director of wealth benefits research at the Employee Benefit Research Institute, a nonprofit, particularly those “who are struggling with their finances and have student loan debt.”

Persons: they’re, ”, Craig Copeland Organizations: Dow Inc, News Corp, Masco Corp, Unilever, Fidelity Investments, “, Research Institute

☆ New York Community Bancorp, Winner in Last Year’s Crisis, Takes a Hit
▼ + stars: | 2024-01-31 | by ( Rob Copeland | More About Rob Copeland | ) www.nytimes.com time to read: +1 min

Less than a year ago, New York Community Bancorp looked like one of the big beneficiaries of a crisis among its peers when it swooped in to take over most of the assets of ailing Signature Bank and catapulted to over $100 billion in assets. Its stock plummeted 38 percent to a 25-year low, dragging down shares of other regional banks 6 percent on average. New York Community Bancorp tried to put a brave face on the news — an accompanying release included the headline “Record Results for 2023,” true inasmuch as the bank is now much larger than before the Signature acquisition — but analysts and investors quickly zeroed in the weaknesses. It was an uneasy reminder of last March’s tumult, when problems at Silicon Valley Bank spilled over into the industry, felling among others Signature, a bank known for its real estate, legal and cryptocurrency lending. New York Community Bancorp bought much of Signature out of federal receivership.

Organizations: New York Community Bancorp, Signature Bank, Bank Locations: Silicon

☆ Citi Is Sued by New York State Over Account Transfer Fraud
▼ + stars: | 2024-01-30 | by ( Rob Copeland | More About Rob Copeland | ) www.nytimes.com time to read: +1 min

New York State’s attorney general sued Citi on Tuesday, accusing it of failing to stop scammers from stealing an unspecified amount of money from customer accounts, and saying the bank should reimburse fraud victims for any losses. The lawsuit, filed in federal court, laid out a variety of ways in which Citi clients had been fooled into disclosing sensitive information that let hackers gain access to their accounts and steal millions of dollars. In what are known as phishing scams, some of the cases involved Citi’s customers receiving text messages or emails that purported to be from Citi but were really from criminals. The New York attorney general, Letitia James, said that Citi should have been suspicious when large transfers were requested from customer accounts that had not had such activities for decades — and that only minutes before had their passwords changed. Citi later denied her request to be reimbursed, saying it was her fault for clicking on the scammer’s message.

Persons: Letitia James Organizations: Citi, New Locations: York, New York

☆ A Famed Analyst’s Final Forecast Is the Fall of the U.S. Economy
▼ + stars: | 2024-01-27 | by ( Rob Copeland | ) www.nytimes.com time to read: +1 min

Over his 54 years as a financial analyst, Richard X. Bove perfected the art of grabbing attention. Through thousands of newspaper interviews, cable news appearances and radio segments, Mr. Bove turned what can be a dull, by-the-numbers career into a more showy one. In an interview with The New York Times, Mr. Bove (pronounced “boe-VAY”), who goes by Dick, shared a dire outlook on the U.S. economy and his former profession. Many analysts are rewarded for coming up with unique but inconsequential and “arcane” ideas, he said, peppering his criticism with profanities. Mr. Bove worked at 17 brokerage firms during his career.

Persons: Richard X, Bove, ”, “ boe, VAY, Dick, Mr Organizations: Banker, Bloomberg, The New York Times Locations: U.S, Tampa, China

☆ Jamie Dimon Reshuffles Management Team at JPMorgan
▼ + stars: | 2024-01-26 | by ( Rob Copeland | More About Rob Copeland | ) www.nytimes.com time to read: +1 min

JPMorgan Chase is reshuffling its leadership team, a move that many consider a succession plan even though its longtime chief executive, Jamie Dimon, has signaled he’s staying put. Mr. Dimon, 67, has been head of what is now the largest bank in the United States for nearly two decades, and repeatedly brushed off suggestions that he might step aside. It said that Daniel Pinto, the bank’s chief operating officer and Mr. Dimon’s deputy, would no longer handle the bank’s daily operations. Ms. Piepszak, who co-heads JPMorgan’s massive consumer banking business, has long been seen as a potential candidate for the top job. Mr. Rohrbaugh had been one of the co-heads of the bank’s markets and securities business.

Persons: JPMorgan Chase, Jamie Dimon, he’s, Dimon, Daniel Pinto, Dimon’s, Pinto, ” Mr, Pinto’s, Jennifer Piepszak, Troy Rohrbaugh, Piepszak, Rohrbaugh Organizations: JPMorgan Locations: United States

MONTPELIER, Vt. (AP) — Walgreens has agreed to pay a $275,000 fine to settle allegations that some of its Vermont stores temporarily closed without notice, had untenable working conditions for pharmacists and made medication and vaccination errors during the coronavirus pandemic, the secretary of state announced. The Vermont Board of Pharmacy approved the fine as part of the settlement between the state Office of Professional Regulation and the national pharmacy chain, Secretary of State Sarah Copeland Hanzas said Wednesday, calling it a “big win for Vermont consumers.”“I am proud of the work our OPR investigators and attorneys have done to hold Walgreens accountable and to ensure safe conditions for patients and pharmacy staff," Copeland Hanzas said in a statement. Walgreens said in a statement Thursday that “it disputes the accuracy of the state’s allegations and admits no liability; however, we are pleased to have reached this settlement.”The fine follows an 18-month investigation after 70 complaints regarding conditions across Walgreens' 32 Vermont stores, the secretary of state's office said. Political Cartoons View All 253 ImagesWalgreens signed a stipulation and consent order earlier this month with the state's prosecuting attorney. The order said the company has taken steps to improve, including by updating and standardizing policies and procedures for unanticipated pharmacy closings in Vermont; enabling patients to get their prescription filled at another pharmacy if there is a closing; and continuing to provide vaccine training to new and current pharmacy staff.

Persons: Sarah Copeland Hanzas, ”, Copeland Hanzas, Walgreens Organizations: Walgreens, Vermont, Pharmacy Locations: MONTPELIER, Vt, Vermont

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