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☆ Biden's student loan forgiveness plan gets a record number of public comments. Here's what people are saying
▼ + stars: | 2024-05-08 | by ( Annie Nova | ) www.cnbc.com time to read: +3 min

US President Joe Biden gestures after speaking about student loan debt relief at Madison Area Technical College in Madison, Wisconsin, April 8, 2024. Andrew Caballero-Reynolds | AFP | Getty Images'I plan on dying with student loan debt'"I think this is a great idea. I am 52 years old with a lot of student loan debt from years ago. I plan on dying with student loan debt. "As an African American millennial from River Rouge, MI, I believe it is crucial to support and approve student loan debt relief proposals.

Persons: Joe Biden, Andrew Caballero, Reynolds, Biden, they'll, Nobody Organizations: Madison Area Technical College, AFP, Getty Locations: Madison , Wisconsin, River Rouge , MI

☆ I'm a manager who has put several people on performance improvement plans. Here's why you should see it as a positive opportunity.
▼ + stars: | 2024-04-10 | by ( Angela Page | ) www.businessinsider.com time to read: +4 min

Read previewA performance improvement plan — or a PIP — typically details an employee's deficiencies, failures to meet job goals, or issues with behavior. The plan typically outlines skill gaps and lack of goal achievement, including steps to improve performance and meet expectations. You can do this by simply analyzing how your manager presents the PIP and if they offer assistance in completing the plan. A PIP can be seen as a positive opportunityA PIP can become an opportunity to learn or even elevate your skills. AdvertisementIf you think it's time to quit, organize your résumé and references and start job hunting.

Persons: —, I've Organizations: Service, Business

☆ Indeed shares 4 ways companies can ensure their use of AI for hiring is fair, ethical, and effective
▼ + stars: | 2024-03-05 | by ( Sponsor Post | Created Indeed With | ) www.businessinsider.com time to read: +9 min

A recent survey of more than 250 HR leaders in the US found that 73% are using AI in recruitment and hiring processes. Here are four ways organizations can identify risks and ensure their use of AI is fair, ethical, and effective. The starting point for evaluating AI-powered HR tools should be an understanding that the tools are imperfect. Before adopting AI tools, make sure your HR team is sufficiently staffed so that humans can review every step of any process that AI automates. Even with safeguards, the new generation of AI tools are complex and fallible.

Persons: Trey Causey, Causey, Kumarasamy, you've, doesn't Organizations: European Union, CVs, Intelligence, EU, Insider Studios Locations: Canada

☆ Siemens Energy swings to profit on order surge, sale of Indian stake
▼ + stars: | 2024-02-07 | by ( Elliot Smith | ) www.cnbc.com time to read: +2 min

Siemens Energy swung to profit in its first fiscal quarter on the back of a surge in orders and a one-off gain from selling a stake in its Indian affiliate to parent company Siemens . The German renewables firm reported a 1.58 billion euro ($1.7 billion) net profit, driven by the sale of its 18% stake in India's Siemens Limited for 2.1 billion euros. Siemens Energy posted a 23.9% year-on-year increase in orders to 15.4 billion euros, with a book-to-bill ratio of 2.01, pushing its order backlog to a record high of 118 billion euros. Siemens Energy suffered a tough 2023, as problems with manufacturing faults at Siemens Gamesa forced the parent company to a 4.6 billion euro loss for the fiscal year. "We have just shy of 42 billion in backlog in our Siemens Gamesa business — this is also a record order backlog.

Persons: Siemens Gamesa, Maria Ferraro, Ferraro Organizations: Siemens Energy, Siemens, India's Siemens, Siemens Gamesa, CNBC

☆ J.K. Bruce Vanderpuije: The hidden icon of African photography
▼ + stars: | 2024-01-23 | by ( Zoe Whitfield | ) edition.cnn.com time to read: +6 min

Later, he trained with J.A.C Holm (another Ghana-based photographer) for three years before establishing his own studio aged just 23. This subject of this image of Miss Ghana taken in 1958 was identified by her grown-up children. J. K. Bruce Vanderpuije/Courtesy Deo Gratias Studio/Efie Gallery“Once, a photographer from South Africa visited and said, ‘You guys are sitting on a goldmine,’” she explained. With a shift in new technologies and the way we interact with photography evolving, however, Tamakloe acknowledged that most people now look elsewhere for their mementos. “People do come and have passport pictures taken, but it’s not as busy as it used to be,” she said.

Persons: J.K, Bruce, Vanderpuije, ” Kate Tamakloe, “, ”, Kwame Nkrumah, Bruce Vanderpuije, Tamakloe, rectifying, Aïda Muluneh, ” Muluneh, James Kobla, J.A.C Holm, — Isaac Hudson Bruce, ‘, ’ ”, “ I’m, Seth Anthony, Kojo Ababio, Deo Gratias, we’re, it’s Organizations: CNN, Albert Museum, Efie, Accra Royal School, Miss, Miss Ghana Locations: London, Ghanaian, Victoria, Ghana, Britain, Accra's Jamestown, Jamestown, Accra, —, Dubai, Africa, British, Miss Ghana, South Africa, Ethiopia, West Africa

☆ Three things you can do if your bank deposits were delayed
▼ + stars: | 2023-11-06 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +3 min

The situation is not yet fully resolved, and it’s unclear just how many banks were affected, although Bank of America, Chase and US Bank have confirmed they are among them. That would include an overdraft fee from your bank if a payment was made from your account before an expected deposit showed up. But if it’s not, contact your bank and let them know the situation needs to be corrected. You also want to avoid a late fee or penalty interest from a creditor if your payment got delayed. “The key is providing verifiable documentation that the delay was not your fault.”At the moment it’s not clear whether or how every affected bank is notifying their customers.

Persons: ”, Bruce McClary, ” McClary, Thomas Kelly, it’s, McClary, you’re, — CNN’s Matt Egan Organizations: New, New York CNN, Bank of America, Chase, US Bank, National Foundation, Credit, JPMorgan Chase, Consumer Financial Protection Bureau Locations: New York, —

☆ NBA In-Season Tournament: What is it, how will it work and how to watch
▼ + stars: | 2023-11-03 | by ( Matias Grez | ) edition.cnn.com time to read: +4 min

CNN —The 2023-24 NBA season may only have gotten underway last week, but this year, teams won’t need to wait until the NBA Finals in June to have the chance of lifting some silverware. How to watchIn the US, 14 group games and all seven knockout-round games will be nationally televised on ESPN or TNT, while international viewers will be able to watch on NBA League Pass. FormatThe inaugural In-Season Tournament begins on November 3 and ends with the championship game on December 7 – and every game except the title game will count towards regular season standings. Will LeBron James add an In-Season Tournament trophy to his four NBA titles? The NBA will, of course, be hoping for similar success for the In-Season tournament.

Persons: LeBron James, Mark J, Terrill Organizations: CNN, NBA, ESPN, TNT, Western, Memphis Grizzlies, Phoenix Suns, LA Lakers, Utah Jazz, Portland Trail Blazers, Denver Nuggets, LA Clippers, New Orleans Pelicans, Dallas Mavericks, Houston Rockets, Golden State Warriors, Minnesota Timberwolves, Oklahoma City Thunder, San Antonio Spurs Eastern Conference, Philadelphia 76ers, Cleveland Cavaliers, Atlanta Hawks, Indiana Pacers, Detroit Pistons Group, Milwaukee, Milwaukee Bucks , New York Knicks, Miami Heat, Washington Wizards, Charlotte Hornets, Boston Celtics, Brooklyn Nets, Toronto Raptors, Chicago Bulls, Orlando Magic Every, Mobile, Disney Locations: Las Vegas, Sacramento, Milwaukee Bucks ,, Florida

[1/2] A ‘No’ sign sits in front of the Tent Embassy near the Old Australian Parliament House as voters arrive during The Voice referendum, in Canberra, Australia, October 14, 2023. An Australian referendum requires a majority vote in at least four of its six states, as well as nationally. Ultimately, no state supported the "Voice" and the national vote was 40% "Yes" to 60% "No", according to preliminary counting. After the votes were counted, Dutton said his party supported Indigenous reconciliation but he made no mention of an alternative measure. Albanese, asked on Saturday why the vote had failed, said no referendum had succeeded without bipartisan support.

Persons: Tracey Nearmy, Anthony Albanese, Kos Samaras, Matt Qvortrup, Peter Dutton, Dutton, Timothy Graham, Graham, Cate Blanchett, Russell Crowe, Chris Hemsworth, Jason Mamoa, Shaquille O'Neal, Samaras, Donald Trump, Paul Smith, Smith, Albanese, Qvortrup, Byron Kaye, Praveen Menon, Edmund Klamann Organizations: Tent Embassy, Old Australian, House, REUTERS, Rights, Labor, Redbridge Group, Australian National University, Liberal Party, Queensland University of Technology, Qantas, NBA, Labor Party, U.S, European Union, Liberal, Thomson Locations: Tent, Canberra, Australia

☆ India's Bank of Baroda falls after RBI ban on adding new app customers
▼ + stars: | 2023-10-11 | by ( ) www.reuters.com time to read: +2 min

A woman walks past a signboard of Bank of Baroda outside their branch office in New Delhi, India, June 20, 2023. REUTERS/Anushree Fadnavis/File photo Acquire Licensing RightsBENGALURU, Oct 11 (Reuters) - Shares of Bank of Baroda (BOB.NS) fell nearly 4% on Wednesday, a day after the Reserve Bank of India stopped the state-run lender from adding customers to its mobile app citing "certain material supervisory concerns." Bank of Baroda will be allowed to onboard customers to its bob World app only after rectifying certain deficiencies, the RBI said on Tuesday, without giving any details about the issues. Bob World app has 8.1 million daily transactions, while 43% of time deposits are obtained through the app, the bank had said in its quarterly presentation in August. Shares of Bank of Baroda have underperformed the PSU bank index for the year so far, rising 12% compared to nearly 20% in the index.

Persons: Anushree, Suresh Ganapathy, Macquarie, Bob, Varun Organizations: Bank of Baroda, REUTERS, Rights, Reserve Bank of India, Macquarie, Sethuraman NR, Thomson Locations: New Delhi, India, BOB.NS, Bengaluru

☆ Xpeng suspends supply chain boss for corruption probe
▼ + stars: | 2023-10-10 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

The Xpeng G9 SUV is on display during the 20th Shanghai International Automobile Industry Exhibition at the National Exhibition and Convention Center in Shanghai, April 18, 2023. Chinese automaker Xpeng on Tuesday said it suspended Li Feng, its vice president in charge of supply chains, for a corruption probe. "Xpeng has a strict stance against corrupt activities. We remain vigilant in identifying and rectifying any instances of corruption promptly," a spokesperson for the company told CNBC. Xpeng shares were up around 2% in pre-market trade on Wednesday.

Persons: Xpeng, Li Feng, Feng Organizations: Shanghai International Automobile Industry, National Exhibition, Center, CNBC Locations: Shanghai

While you can repair your credit on your own, many people find the process of repairing credit overwhelming and want to enlist help from a credit repair company. Beguin explains that "a credit sweep is an attempt to remove all negative accounts from your credit report, thereby 'sweeping' your credit report clean." How to choose a credit repair companyWhile you don't need to hire a credit repair company to fix your credit for you, it's important to know how to choose correctly if you decide against a DIY approach. Credit repair cost frequently asked questionsIs it worth paying for credit repair? Paying for credit repair is only worth it if there are significant errors on your credit report that need rectifying.

Persons: Steer, Mark Stewart, Erik Beguin, Stewart, Joe Camberato, Camberato, Beguin, we've, You'll Organizations: Austin Capital Bank, Dovly, Business, Visa, Credit, Lexington Law Locations: Lexington

☆ BHP says Brazilian court approves Samarco debt reorganisation plan
▼ + stars: | 2023-09-03 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Melanie Burton/File Photo Acquire Licensing RightsSept 4 (Reuters) - Australian mining giant BHP (BHP.AX) said on Monday a Brazilian court had approved the reorganisation plan for its Samarco joint venture, clearing the path for the cash-strapped Brazilian miner to move ahead with a $3.7 billion debt restructuring. On Sept. 1, the Second Business Court of Belo Horizonte, State of Minas Gerais, formalised Samarco's restructuring plan as part of the ongoing proceedings, BHP said. The reorganisation plan for Samarco, an iron ore miner that is 50% owned by BHP and 50% by Vale (VALE3.SA), allows for the Brazilian miner's existing financial debt to be exchanged for up to $3.7 billion of long-term unsecured debt, BHP said. "The new long-term debt will remain non-recourse to Samarco's shareholders, BHP Brasil and Vale," BHP said in a statement. Samarco, Vale, BHP Brazil, and the federal government of Brazil alongside other public authorities established the Renova Foundation to bring to force socio-economic programs to provide compensation for damage caused by the Samarco dam failure.

Persons: Melanie Burton, BHP, Roushni Nair, Paul Simao, Rosalba O'Brien, Jamie Freed Organizations: BHP Group, REUTERS, Business, Belo, BHP, Vale, BHP Brasil, Samarco, Renova Foundation, Thomson Locations: Perth, Australia, Belo Horizonte, State, Minas Gerais, VALE3, Vale, BHP Brazil, Brazil, Bengaluru

☆ Siemens Gamesa has fix for onshore wind turbine problem
▼ + stars: | 2023-08-11 | by ( ) www.reuters.com time to read: +1 min

FRANKFURT, Aug 11 (Reuters) - Siemens Energy (ENR1n.DE) has fixed quality issues at onshore wind turbines it is currently selling to customers, the CEO of the group's wind division Siemens Gamesa said on Friday, adding the group had made progress with its turnaround. Of those charges, 1.6 billion euros are earmarked for quality issues around rotor blades and gears for its latest onshore turbine models, the 4.X and 5.X, of which roughly 2,900 are in the field. "In other words, the identified problems have been addressed and it is now a matter of rectifying them in the respective wind turbines that are already in the field." Eickholt pointed out that Siemens Gamesa had raised prices, reduced damage liabilities and become more selective over new projects to raise profitability. While conceding the group's "current situation is self-inflicted", he said market conditions were unfavourable for wind turbine makers, many of which have been struggling with losses in the wake of rising inflation.

Persons: Siemens Gamesa, Jochen Eickholt, Eickholt, Christoph Steitz, Friederike Heine, Mark Potter Organizations: FRANKFURT, Siemens Energy, Siemens, Siemens AG, Thomson

☆ National Gallery of Australia to return $1.5M statues, bought from disgraced art dealer Douglas Latchford, to Cambodia
▼ + stars: | 2023-08-04 | by ( Christy Choi | ) edition.cnn.com time to read: +4 min

CNN —Three bronze sculptures looted from Cambodia and later sold to the National Gallery of Australia for $1.5 million will be returned to the Southeast Asian kingdom, the museum announced Thursday. The gallery purchased the artifacts in 2011 from the late art dealer Douglas Latchford, who was subsequently accused by US investigators of trafficking stolen antiquities. He added that “about 20” other Cambodian items in the museum’s collection are still being reviewed. Kingdom of Cambodia/National Gallery of AustraliaThe three items from the National Gallery will join that collection in Phnom Penh once the new extension is complete. In 2021, it returned 17 works of art connected to disgraced art dealers Subhash Kapoor and William Wolff.

Persons: Douglas Latchford, ”, Chanborey, Cheunboran, Nick Mitzevich, Arts Susan Templeman, Karlee, of Australia Latchford, Latchford, Bradley Gordon, Latchford’s, Nawapan Kriangsak, —, Phoeurng Sackona, Subhash Kapoor, William Wolff Organizations: CNN, National Gallery of Australia, Arts, of Australia, Cambodia’s, Culture and Fine Arts, of Locations: Cambodia, Australia, New Zealand, Canberra, Karlee Holland, Khmer, New York, Angkor Wat, Thailand, Phnom Penh, Kingdom

☆ AI startups have raised almost $29 billion this year. Researchers say a lot more needs to go to companies working to prevent it from becoming an existential threat.
▼ + stars: | 2023-07-18 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +7 min

While investors have poured billions into AI startups, concern about AI's capabilities has grown. People don't all have the same value systems, so AI alignment can look different depending on where the AI is operated and deployed. Investors poured $29 billion into AI startups in the first six months of 2023. Aligned AI. The drive to fund AI safetyAI researchers are also vigilant about where the funds for AI safety and alignment come from.

Persons: ChatGPT, Stuart Armstrong, Rebecca Gorman, —, Gorman, OpenAI's Sam Altman, Demis Hassabis, Bill Gates, Connor Leahy, Leahy, it's, Sam Bankman, Ian Hogarth, Hogarth Organizations: Oxford University, Investors, Alameda Research, FTX Locations: London

☆ Chinese authorities focus on fire hazards following restaurant blast
▼ + stars: | 2023-06-23 | by ( Casey Hall | Thomson Reuters | Casey Has Reported On China'S Consumer Culture Her Base In Shanghai For More Than A Decade | ) www.reuters.com time to read: +1 min

SHANGHAI, June 23 (Reuters) - China's State Council Security Committee and municipal and provincial governments have held emergency video conferences and issued warnings about fire hazards and safety in the wake of a blast in China's northwest that killed 31 on Wednesday. Wednesday's explosion at a BBQ restaurant prompted President Xi Jinping to order a safety overhaul across China, calling on all regions to rectify safety risks. Following a hastily convened video conference on Thursday, Beijing mayor Yin Yong stressed that close attention should be paid to investigating and rectifying fire hazards. Beijing's municipal government, as well as the provincial governments of Sichuan, Guizhou and Hainan have all called attention to fire dangers and the safe handling of liquefied gas. Sichuan's Governor Huang Qiang said his province would immediately carry out an investigation and treatment of gas safety hazards.

Persons: Xi Jinping, Yin Yong, Huang Qiang, Casey Hall, Shri Navaratnam Organizations: Security, China's Ministry of Culture, Tourism, Thomson Locations: SHANGHAI, China, Beijing, Sichuan, Guizhou, Hainan

☆ Credit Suisse bondholders sue Swiss authorities
▼ + stars: | 2023-04-21 | by ( ) edition.cnn.com time to read: +2 min

Investors representing more than 4.5 billion Swiss francs ($5 billion) of Credit Suisse bonds have sued the Swiss financial regulator over its decision to wipe out their investments during last month’s emergency government-orchestrated takeover. Law firm Quinn Emanuel Urquhart & Sullivan, which is representing the bondholders, said Friday the move was the first in a series of steps to seek redress for clients it said had been unlawfully deprived of their property rights during the takeover of Credit Suisse (CS) by bigger rival UBS (UBS). The appeal against FINMA, the Swiss Financial Market Supervisory Authority, which ordered the writedown, was filed on April 18 in the Federal Administrative Court in St Gallen, north-east Switzerland. “FINMA’s decision undermines international confidence in the legal certainty and reliability of the Swiss financial center,” said Thomas Werlen, Quinn Emanuel’s Swiss managing partner. The Federal Administrative Court said it was still receiving complaints but declined to name claimants or comment on how many had been lodged by bondholders or their lawyers.

It is the first major lawsuit in the public domain to be filed over the Swiss decision to wipe out around $18 billion of Credit Suisse's Additional Tier 1 (AT1) debt during the 3 billion Swiss franc all-share rescue deal last month, which stunned markets and alerted litigators. The appeal against FINMA, the Swiss Financial Market Supervisory Authority that ordered the writedown, was filed on April 18 in the Federal Administrative Court in St Gallen, north east Switzerland. "FINMA's decision undermines international confidence in the legal certainty and reliability of the Swiss financial center," said Thomas Werlen, Quinn Emanuel's Swiss managing partner. FINMA declined to comment and Credit Suisse did not immediately respond to a Reuters request for comment. ($1 = 0.8941 Swiss francs)Reporting by Jahnavi Nidumolu in Bengaluru; Editing by Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.

☆ UK financial watchdog intervenes to cut building insurance costs
▼ + stars: | 2023-04-20 | by ( Huw Jones | ) www.reuters.com time to read: +3 min

LONDON, April 21 (Reuters) - Britain's financial watchdog has proposed changes to cut the cost of insuring residential apartment blocks, saying intervention was needed to prevent wrongful use of commission. The proposals announced on Friday follow a review after the 2017 Grenfell Tower fire in London, which killed 72 people and led to big increases to building insurance costs. The FCA published a consultation paper on its proposals alongside a review of 16 insurance brokers' sales to blocks of apartments between January 2019 and September 2022. "Brokers were often unable to articulate what insurance-related services or benefits of value were provided by the parties sharing commission," the watchdog said. Leaseholders would have transparency on insurance costs and ability to challenge poor value under the FCA proposals.

☆ Australia's Latitude Group says 7.9 million driver licence numbers stolen in data theft
▼ + stars: | 2023-03-26 | by ( ) www.reuters.com time to read: +2 min

March 27 (Reuters) - Digital payments and lending firm Latitude Holdings (LFS.AX) said on Monday it has determined that 7.9 million Australian and New Zealand driver licence numbers were stolen in a large-scale information theft on March 16. Apart from the 7.9 million driver licence numbers stolen, the Australian fintech firm also identified about 53,000 passport numbers were stolen and less than 100 customers had a monthly financial statement stolen. A further 6.1 million records dating back to at least 2005 were also stolen. Customers who choose to replace their stolen ID document will be reimbursed, the company said in a statement. Reporting by Navya Mittal in Bengaluru; Editing by Tom Hogue, Muralikumar Anantharaman and Sherry Jacob-PhillipsOur Standards: The Thomson Reuters Trust Principles.

☆ Russia rails at UN move on Ukraine, China readies 'position paper'
▼ + stars: | 2023-02-22 | by ( Michelle Nichols | ) www.reuters.com time to read: +3 min

The draft text would again see the General Assembly demand Moscow withdraw its troops and call for a halt to hostilities. General Assembly resolutions are non-binding, but carry political weight. The United States has accused Iran and North Korea of supplying Russia with weapons and on Saturday said it was concerned China was considering providing "lethal assistance" to Russia. China said on Monday that the United States was in no position to make demands of Beijing. China and Russia announced a "no limits" partnership shortly before Russia invaded Ukraine.

☆ China's millennial managers are confronting a pissed-off wave of Gen-Z staff out to 'rectify' the workplace
▼ + stars: | 2023-02-22 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +8 min

China's Gen Z is out to "rectify" the workplace, and they want their millennial bosses to give in. The Weibo hashtag "The post-2000s generation is rectifying the workplace" is a forum filled with Gen Z rage. The hashtag documents Chinese Gen Z rage in all its varied formsIt is unclear exactly how the hashtag started. At times, the posts on the Gen Z workers' threads devolve into rants about their "evil" millennial bosses. The rumblings from Gen Z, however, stand in stark contrast to narratives about Chinese millennials that have dominated popular culture.

☆ At Walt Disney, the G in ESG stands for goofy
▼ + stars: | 2023-01-12 | by ( Jennifer Saba | ) www.reuters.com time to read: +3 min

NEW YORK, Jan 12 (Reuters Breakingviews) - It’s sadly fitting that Walt Disney (DIS.N) persists with Mickey Mouse corporate governance. The $176 billion entertainment empire on Wednesday appointed Nike (NKE.N) Chairman Mark Parker to run its board, too. Parker, who has been a director at Disney since 2016, was around for all of it. Parker has been a Disney director since 2016, and he also serves as executive chairman of Nike. Disney also said that shareholder Trian Partners had nominated founding partner Nelson Peltz to serve on the company’s board.

Southwest finished first in economy and budget airline rankings published by the consumer research firm last May. Analysts say that Southwest's position among consumers remains strong despite the airline leaving hundreds of thousands of passengers stranded over the Christmas holiday weekend. "People think you're getting great value for the money," said Michael Taylor, managing director for travel, hospitality and retail at J.D. On Tuesday, the airline said it would issue 25,000 rewards points to anyone whose flight was affected. Taylor at J.D.

☆ Coinbase settles with New York state financial regulator for $100 million, stock spikes
▼ + stars: | 2023-01-04 | by ( Rohan Goswami | ) www.cnbc.com time to read: +2 min

Coinbase signage in New York's Times Square during the company's initial public offering on the Nasdaq on April 14, 2021. Coinbase settled a case with New York's state financial regulator, the parties announced Wednesday, and will pay a $50 million fine and invest a further $50 million in compliance efforts. Regulators from the New York Department of Financial Services said the company had longstanding failures in its anti-money laundering program. "This agreement includes a $50 million penalty and a separate commitment from Coinbase to invest $50 million in our compliance program over two years," Coinbase Chief Legal Officer Paul Grewal said in a statement. Regulators wrote that Coinbase's compliance shortcomings led to "suspicious or unlawful conduct being facilitated through Coinbase's platform," according to the consent order.

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