DIRS.INFO The most relevant business & tech news

☆ New York Public Schools chancellor scolds Republicans for ‘gotcha’ antisemitism hearing, saying district disciplined staff
▼ + stars: | 2024-05-08 | by ( Matt Egan | ) edition.cnn.com time to read: +9 min

The department is also investigating whether the Berkeley district retaliated against two parents who complained about harassment based on Jewish ancestry. CNN has reached out to the school district for a comment. However, that list does not currently include the Berkeley school district. “However, antisemitism is not pervasive in the Berkeley Unified School District,” she said. Ford Morthel noted that the district does not share actions the school district takes against students or teachers because this information is protected under federal and state law.

Persons: David Banks, ” Banks, Banks, ”, Columbia’s, “, George Washington, Muriel Bowser, Pam Smith, Elise Stefanik tussled, Stefanik, ” Stefanik, Brandon Williams, ” Williams, …, ” Enikia Ford Morthel, ” Ford Morthel, Ford Morthel Organizations: CNN, New, New York City Public Schools, Jewish, “, Secondary, York City Public Schools, New York City Police Department, Ivy League, Harvard University, University of Pennsylvania, Republicans, George Washington University’s, Washington, DC Metropolitan Police, Queens, Hillcrest High School, New York Republican, ” New York Republican, Jews High School, High School, US Department of Education, Berkeley Unified School District, Defamation League, Brandeis Center, Civil Rights, Brandeis Locations: New York, York, New York City, Berkeley , California, Montgomery County , Maryland, Queens, Israel, Hillcrest, New, Brooklyn, Berkeley, California, ”

☆ Chicago police shooting: 96 shots fired in a fatal traffic stop. Here’s what the bodycam footage shows
▼ + stars: | 2024-04-09 | by ( Omar Jimenez | Holly Yan | ) edition.cnn.com time to read: +7 min

Across the country, police bodycam footage has played an increasing role in raising awareness and understanding about officer-involved shootings. A Chicago police officer gives Dexter Reed several commands before gunfire breaks out. Other bodycam videos show at least two other officers firing toward Reed from across the street in the residential neighborhood. “Upon stopping Mr. Reed, multiple officers surrounded his vehicle while giving verbal commands. “Review of video footage and initial reports appears to confirm that Mr. Reed fired first, striking the officer and four officers returned fire,” the office said.

Persons: Dexter Reed’s, Dexter Reed, ”, Reed, Dexter Reed Porscha Banks, Dexter Reed , Jr, COPA, “ Mr, “ Dexter, Steven Hart, ” Dexter Reed Porscha Banks, Roosevelt Banks, ” Banks, “, ” John Catanzara Jr, Kim Foxx, ” Foxx, –, Jack Hannah, Cheri Mossburg Organizations: Chicago CNN, Chicago, Chicago’s Civilian Office, Police, COPA Chicago “, Injury, Chicago Police, Civilian Office, COPA, “, of Police Chicago Lodge, CNN, Chicago Police Department Locations: Garfield, Chicago, Chicago's Garfield, Cook County

☆ Emails show how a right-wing group steers GOP leaders on major policy issues
▼ + stars: | 2024-03-17 | by ( Bob Ortega | Daniel Medina | ) edition.cnn.com time to read: +18 min

Missouri Secretary of State Jay Ashcroft speaks with reporters on Jan. 23 in Jefferson City, Missouri. In Wyoming, a GOP state senator forwarded an FGA draft bill to Secretary of State Chuck Gray that would prohibit sending out unsolicited absentee ballot request forms. Emails show the group strategized with the secretary of state’s office for weeks leading up to Ashcroft proposing his own such rule last January. FGA notches wins with weakened child labor lawsFGA’s lobbying group, The Opportunity Solutions Project, spearheads its efforts at the state level. Chip Somodevilla/Getty ImagesFGA also continues its push at the state level across the country to enact its policy priorities.

Persons: State Jay Ashcroft, “, Ashcroft, Kacen Bayless, FGA, –, Chuck Gray, ” Gray, Gray, ”, Joe Biden’s, Jay, Daniel Garrett, Garrett, “ It’s, Missouri’s, Scott Fitzpatrick, BlackRock, ” Fitzpatrick, Mark Felix, Fitzpatrick, ALEC, Andy Puzder, Carls Jr, ” Puzder, Kristina Shelton, Puzder, ” Kristina Shelton, they’ve, Tarren Bragdon, Rebecca Burkes, It’s, Tyson, ’, Bragdon, Sarah Bryner, Florida Governor Ron DeSantis, Paul Renner, Donald Trump, Chip Somodevilla, Shelton, ” Shelton Organizations: CNN, State, Republican, Foundation, Government, Missouri, Kansas City Star, Tribune, Service, GOP, Ashcroft, Conservative, Missouri Chamber of Commerce, National, University of Pennsylvania, Brookings Institution, Exxon, BlackRock, ” BlackRock, Energy, ExxonMobil, Washington Post, American Legislative Exchange Council, Heritage Foundation, Heritage, Boston, Wisconsin Democratic, FGA, Solutions, Tyson Foods Inc, George’s Inc, US Department of Labor, Solutions Project, Daily, The Heritage Foundation, Alliance, Trump, Florida Governor, Bragdon, Florida House, House, FBI, Justice Department, Department of Education, Center, Pleaides Locations: Missouri, Texas, Jefferson City , Missouri, Wyoming, Kansas , Indiana, BlackRock, Florida, ExxonMobil Baytown, Baytown , Texas, Washington, ” Wisconsin, Wisconsin, Arkansas, Iowa, Park City , Utah, DeSantis, Rome , Georgia

BEIJING (AP) — The former chairman of the Bank of China has been indicted on bribery charges, prosecutors said Monday, adding to a long list of business and government officials who have been brought down by Chinese leader Xi Jinping's yearslong anticorruption drive. Liu Liange is accused of taking advantage of his positions at the Bank of China and previously as president of the Export-Import Bank of China, the Supreme People’s Procuratorate said in a statement posted on social media. The state-owned Bank of China, one of the country's “Big Four” banks, has a major overseas presence. The Supreme People’s Procuratorate announced last month that Tang Shuangning, the former chairman of China Everbright Group, another state-owned bank, had been arrested on suspicion of embezzlement and bribery. Beyond finance, the former chairman of the Chinese Football Association was tried last month on charges of taking 81 million yuan ($11.2 million) in bribes.

Persons: Xi Jinping's, Liu Liange, People’s Procuratorate, Liu, Xi, Tang Shuangning Organizations: BEIJING, Bank of, Bank of China, Export, Import Bank of China, Xinhua News Agency, of, China Everbright Group, Xinhua, Chinese Football Association Locations: Bank of China, Jinan, China’s Shandong province, of China

☆ What old bones reveal about the earliest Europeans
▼ + stars: | 2024-02-01 | by ( Katie Hunt | ) edition.cnn.com time to read: +7 min

Modern humans, or homo sapiens, weren’t previously known to have lived as far north as the region where the tools were made. “The Ranis cave site provides evidence for the first dispersal of Homo sapiens across the higher latitudes of Europe. It also shows that Homo sapiens, our species, crossed the Alps into the cold climes of northern and central Europe earlier than thought. Using the same technique, the team also managed to identify human remains among bones excavated during the 1930s. However, the protein analysis was only able to identify the bones as belonging to hominins — a category that includes Homo sapiens and Homo neanderthalensis, or Neanderthals.

Persons: weren’t, ”, Jean, Jacques Hublin, Max Planck, Marcel Weiss, Friedrich, “, hominins, neanderthalensis, Elena Zavala, ” Zavala, denning, Dorothea Mylopotamitaki “, Sarah Pederzani, William E, Banks, ” Banks, wasn’t Organizations: CNN, Max, Max Planck Institute, Alexander University Erlangen, Evolutionary Anthropology, University of California, University of La, University of Bordeaux Locations: Europe, Ranis, Germany, France, Paris, Leipzig, Moravia, Poland, British, Nürnberg, Berkeley, Siberia, Eurasia, University of La Laguna, Spain, “

INDIANAPOLIS (AP) — An Illinois jury ruled this week that several major egg producers conspired to limit the U.S.'s supply of eggs in order to raise prices in a lawsuit first filed 12 years ago. The suppliers include the family company of an Indiana egg farmer running for the U.S. Senate in the state. Attorneys for the four egg suppliers named in the lawsuit did not immediately return phone messages on Wednesday. Other food manufacturers joining as plaintiffs in the lawsuit against the egg producers are General Mills, Inc. and Nestle USA, Inc. The jury found the egg suppliers who participated in the conspiracy were Cal-Maine Foods, Inc., United Egg Producers, Inc., United States Egg Marketers, Inc. and Rose Acre Farms, Inc., a southern Indiana-based company previously chaired by John Rust.

Persons: ” Brandon Fox, Mills, John Rust, Rust, Acre, Jim Banks, Donald Trump, Republican Mike Braun, “, John Rust isn’t, ” Banks Organizations: INDIANAPOLIS, Kraft Foods Global, Inc, Kellogg Company, Northern District of, U.S . Senate, Maine Foods, United Egg Producers, United States, Nestle USA, United, United States Egg, Indiana’s U.S, Senate, Indiana’s, State, Republican, GOP, U.S, Rep, Indiana Republican Party Locations: An Illinois, Northern District, Northern District of Illinois, Indiana, Cal, United States, Acre, U.S, While Indiana

☆ Chinese bank ICBC hit by ransomware attack
▼ + stars: | 2023-11-10 | by ( Juliana Liu | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —A US unit of the Industrial and Commercial Bank of China (ICBC) was hit by a ransomware attack this week that disrupted some of its systems, reportedly hitting liquidity in US Treasuries which may have contributed to a brief market sell-off on Thursday. ICBC Financial Services, which is headquartered in New York, said in a statement that the attack, which happened on Wednesday, had been reported to law enforcement. “We successfully cleared US Treasury trades executed Wednesday … and [repurchase agreements] financing trades done on Thursday,” it said in the statement. The Financial Times and Reuters quoted some market participants as saying trades going through ICBC were disrupted, which affected market liquidity. It’s unclear whether the incident contributed to the weak 30-year bond auction conducted by the US Treasury Thursday.

Persons: “, ”, Wang Wenbin, Ipek Ozkardeskaya, Joe Biden, CNN’s Wayne Chang Organizations: Hong Kong CNN, Industrial, Commercial Bank of China, ICBC Financial Services, Treasury, York Branch, State, P, China’s, Ministry, Financial Times, Reuters, US Treasury, Swissquote Bank, Dow, Nasdaq, US Treasury Department Locations: China, Hong Kong, New York, Beijing, York, ICBC, Treasuries, Japan

The outbursts demonstrated the former president’s disdain for a case that has already imperiled his family business and labeled him a fraud and a cheat. Mr. Trump, who was accused by Ms. James of inflating his net worth to defraud banks and insurers, acknowledged helping to assemble annual financial statements submitted to the banks. “I would look at them, I would see them, and I would maybe on occasion have some suggestions,” said Mr. Trump, who began the day looking tired but soon grew animated. Although the admission appeared to bolster the attorney general’s case, Mr. Trump, seated 30 feet from Ms. James, also sought to minimize the import of the financial statements, which he said he largely left to aides. He noted that they contained numerous disclaimers, making them essentially “worthless.” Banks paid little attention to them, he said, before promising, unprompted, that some of his bankers would soon testify in his defense.

Persons: James, Trump, ”, ” Banks Organizations: White

☆ ICBC ex-VP being probed by China’s anti-graft body
▼ + stars: | 2023-11-06 | by ( Manav Tanneeru | Michelle Toh | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —Zhang Hongli, a former senior executive at Industrial and Commercial Bank of China (ICBC), is being probed by China’s top anti-corruption watchdog, in a sign of a continuing crackdown in the country’s financial sector. State-owned ICBC is one of China’s “Big Four” banks and the world’s largest lender by assets, according to S&P Global. Prior to joining ICBC, Zhang worked at Deutsche Bank and Goldman Sachs, where he held senior management roles. They include three top executives at the highest ranks of China’s financial world, who have either been probed or charged, according to the commission. In October, Li was expelled from the Communist Party and arrested for allegedly taking bribes, according to Xinhua.

Persons: Hong Kong CNN — Zhang Hongli, Zhang, Goldman Sachs, Bao Fan, Bao, Xi, Li Xiaopeng, —, Li, Liu Liange, Liu, “, Wang Bin, Wang Organizations: Hong Kong CNN, Industrial, Commercial Bank of China, Central Commission, P, Deutsche Bank, ICBC’s Communist Party, Xinhua, CNN, China, Communist Party, of China, China Life Insurance Locations: China, Hong Kong, ICBC, Xinhua

INDIANAPOLIS (AP) — An egg farmer seeking the Republican nomination for Indiana’s open U.S. Senate seat in 2024 filed a lawsuit Tuesday challenging the constitutionality of a state law that could prevent him from getting on the ballot. Rust told The Indianapolis Star he hopes the lawsuit will allow Indiana residents that identify with their party to run for office without following requirements in Indiana law on political party affiliation. Rust faces an uphill battle for the GOP nomination against U.S. Rep. Jim Banks, who has received the endorsement of the Indiana Republican Party. “No one is trying to keep him off the ballot, he just thinks he’s above the law and can throw his money around to buy a U.S. Senate seat,” Banks said. The U.S. Senate seat is being vacated by Sen. Mike Braun, who is running for governor.

Persons: John Rust, State Diego Morales, Amanda Lowery, Rust, ” Rust, he’s, Lowery, Morales, Jim Banks, Banks, Rust’s “, ”, “, ” Banks, Sen, Mike Braun Organizations: INDIANAPOLIS, Republican, Senate, Seymour, State, Jackson County Republican, Indianapolis Star, Indiana, Marion Superior Court, Democrat, Democratic, GOP, U.S . Rep, Indiana Republican Party, U.S Locations: Acre, Indiana, Jackson, Marion Superior, Indianapolis, Jackson County

☆ US financial regulators green lit new rules aimed at reducing the cost of bank failures
▼ + stars: | 2023-08-29 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +4 min

New York CNN —US financial regulators on Tuesday signed off on new rules to prepare large and regional banks in the case of failure. But the FDIC backed deposits that exceeded that limit when Silicon Valley Bank and Signature Bank failed earlier this year, to reduce the risk of more bank failures. In total, the three bank failures depleted $31.5 billion from the DIF, according to FDIC estimates. Had the proposed rule been in place prior to the three bank failures, it could have prevented many uninsured depositors from causing a bank run, the agencies said. That could make it easier for the FDIC to seize and sell a failed bank, something the agency struggled to do in a timely manner with SVB and Signature Bank.

Persons: Greg Baer, ” Baer, Martin Gruenberg, ” Banks Organizations: New, New York CNN, Federal Deposit Insurance Corporation, Federal Reserve, Currency, FDIC’s, Insurance Fund, Silicon Valley Bank, Signature Bank, Bank, JPMorgan Chase, Bank Policy Institute, FDIC Locations: New York

☆ ‘Once Upon a One More Time’ Review: Cinderella, Liberated (Again)
▼ + stars: | 2023-06-22 | by ( Elisabeth Vincentelli | ) www.nytimes.com time to read: +2 min

The Britney Spears jukebox musical “Once Upon a One More Time” is not a bio-show recounting the singer’s life. Rather, it retrofits two dozen of her songs — including “Oops! But this big, splashy show, which is quite entertaining at times, is hampered by a shambolic jumble of sisterhood 101 messaging and defanged fantasy revisionism. Although Cinderella is supposed to be content in the happy-ever-after, her loneliness just might be killing her. But shush, pretty lady, push these thoughts out of your lovely head: As her prince (Justin Guarini) soothingly informs her, “You’re paid to be pretty, and I’m paid to be charming.”

Persons: Spears, ”, Snow White, Aisha Jackson, Pea, Morgan Whitley, Gabrielle Beckford, Ashley Chiu, Lauren Zakrin, Adam Godley, Justin Guarini, soothingly, “ You’re, I’m Organizations: Disney, Broadway

☆ Westfield Gives Up San Francisco Mall, Signaling More Pain Ahead
▼ + stars: | 2023-06-14 | by ( Jordyn Holman | Thomas Fuller | ) www.nytimes.com time to read: +2 min

In San Francisco, Nordstrom said it would close its longtime store at San Francisco Centre in August, which will leave the mall 45 percent empty. Westfield isn’t the first mall owner to decide to leave a longtime downtown shopping center. Last year, Brookfield Property Partners relinquished Chicago’s Water Tower Place, the mall that anchors the Magnificent Mile, an upscale commercial district. More than half of the space in Water Tower Place is vacant, including an anchor store location that was a Macy until 2021, according to Cushman & Wakefield. Indeed, Westfield’s decision in San Francisco is part of a broader strategy by its parent company, Unibail-Rodamco-Westfield, to greatly reduce the number of malls it operates in the country.

Persons: Yasukochi, ” Banks, ” Mr, Nordstrom, Neiman Marcus, REI, Macerich Organizations: San Francisco Centre, Hudson, Nike, Brookfield Property Partners, Macy, Cushman & Locations: San Francisco, New York, Manhattan —, Seattle, Portland, downtowns, Westfield, Cushman & Wakefield, United States

“I have argued for years that the biggest banks in the world are still too big to fail. In practice, however, the economic damage would be considerable.”Keller-Sutter was at the center of a government-orchestrated rescue of Credit Suisse by its larger rival UBS (UBS) earlier this month. They were designed to make it possible to wind down a big bank without destabilizing the financial system or exposing taxpayers to the risk of losses. Although some investors in Credit Suisse bonds lost everything, Swiss taxpayers are still on the hook for up to 9 billion Swiss francs ($9.8 billion) of potential losses arising from certain Credit Suisse assets. The rest is lent out at higher interest rates or invested, because that’s how big banks make most of their profit.

“I have argued for years that the biggest banks in the world are still too big to fail. In practice, however, the economic damage would be considerable.”Keller-Sutter was at the center of a government-orchestrated rescue of Credit Suisse by its larger rival UBS (UBS) earlier this month. Global standards for dealing with teetering “too big to fail” banks were key a part of the package of rules introduced after the global financial crisis. They were designed to make it possible to wind down a big bank without destabilizing the financial system or exposing taxpayers to the risk of losses. The rest is lent out at higher interest rates or invested, because that’s how big banks make most of their profit.

☆ SVB Collapse Shows Smaller Banks Can Pose Risk in Numbers
▼ + stars: | 2023-03-20 | by ( Andrew Ackerman | ) www.wsj.com time to read: 1 min

WASHINGTON—For 15 years, regulators and legislators have assumed the biggest risks to the financial system came from a handful of “too big to fail” banks. This month’s failure of Silicon Valley Bank and Signature Bank—and last week’s bank-led rescue of a third lender, First Republic Bank —suggests that focus on size may have blinded officials to the threat posed by smaller lenders, observers and former regulators say.

☆ Biden, Democrats celebrate retaining control of the Senate
▼ + stars: | 2022-11-13 | by ( Summer Concepcion | Summer Concepcion Is A Politics Reporter For Nbc News. | ) www.nbcnews.com time to read: +4 min

President Joe Biden on Sunday touted the results of the midterm elections, with Democrats projected to maintain control of the U.S. Senate following Democratic Sen. Catherine Cortez Masto’s narrow defeat of Republican Adam Laxalt to win re-election in Nevada. Democrats defeated several candidates backed by former President Donald Trump to hold onto at least 50 seats come 2023. Democrats, meanwhile, joined Biden in celebrating their election wins, with some also pointing to Trump as the reason why they outperformed Republicans. Their candidates were talking about lack of democracy," Senate Majority Leader Chuck Schumer told reporters at a news conference in New York on Sunday. And they have produced a great result.”On “Meet the Press," Anita Dunn, senior adviser to the president, said: “It’s very clear what President Biden and the Democratic Party are for.

☆ Democrats retain grip on U.S. Senate, defying Republican 'red wave' predictions
▼ + stars: | 2022-11-13 | by ( Tim Reid | Kanishka Singh | ) www.reuters.com time to read: +6 min

“We were on the edge of autocracy and, thank God, the American people pulled us back in this election,” Senate Majority Leader Chuck Schumer said at a news conference on Sunday. As of late on Saturday, Republicans had won 211 seats and the Democrats 205, with 218 needed for a majority. House Republicans, should they prevail, have pledged to try to roll back Biden-led legislation to battle climate change and want to make permanent a series of 2017 tax cuts set to expire. Slideshow ( 2 images )“That has to be a focal point of every single committee in the Congress, especially in the House under Republican control,” Banks said in an interview on “Fox News Sunday”. Continued control of the Senate means Democrats will still be able to approve Biden’s nominees such as federal judges.

☆ Democrats defy 'red wave' forecasts to keep Senate control, eye Georgia
▼ + stars: | 2022-11-13 | by ( Tim Reid | Kanishka Singh | ) www.reuters.com time to read: +6 min

That put Democrats in charge of a 50-50 Senate, by virtue of Vice President Kamala Harris holding the tie-breaking vote. As of Sunday, Republicans had won 211 seats and the Democrats 205, with 218 needed for a majority. It could take several days before the outcome of enough House races is known to determine which party will control the 435-seat chamber. House Republicans, should they prevail, have pledged to try to roll back Biden-led legislation to battle climate change and want to make permanent a series of 2017 tax cuts set to expire. “That has to be a focal point of every single committee in the Congress, especially in the House under Republican control,” Banks said in an interview on “Fox News Sunday”.

☆ Markets won’t go back to normal until the Fed stops hiking rates
▼ + stars: | 2022-10-11 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

What’s happening: Markets and the Federal Reserve have conflicting temperaments, said Blinder. Markets are capricious while the Fed remains calm. Markets on average, said Blinder, overreact to inflation-related data by a factor of three to 10 times more than they should. The central bank announced Monday that it would provide extra support to UK markets, beefing up its efforts to ensure financial stability, reports my colleague Julia Horowitz. The research is especially relevant today as rapid interest rate hikes to combat inflation have sent markets into turmoil, drawing comparisons to 2008.

☆ (video) Cinci filme pe care să le privești în această săptămână la cinematograful Cineplex din Chișinău
▼ + stars: | 2021-05-27 | by ( Onixmedia Srl | ) diez.md time to read: +3 min

(video) Cinci filme pe care să le privești în această săptămână la cinematograful Cineplex din ChișinăuCinematograful Cineplex te invită la cinci filme captivante în această săptămână. Fiecare dintre voi aveți ocazia să fiți printre primii care vor viziona aceste pelicule în Moldova. Dom Toretto duce o viață liniștită alături de Letty și fiul său, micuțul Brian, cu toate că pericolul planează întotdeauna asupra orizontului lor pașnic. O minte genială dar sadică dezlănțuie un mod bolnav de a face justiţie în filmul Spiral: Următorul capitol Saw. Filmul este regizat de Darren Lynn Bousman și scris de Josh Stolberg & Pete Goldfinger.

Persons: Dom, Brian, Jakob, Angelina Jolie, Hannah, Nicholas Hoult, Finn, Senghore, Tyler Perry, Jake Weber, Jon Bernthal, Oscar Taylor Sheridan, Michael Koryta, Charles Leavitt, Koryta, Patrick Hill, Holt, Samuel L . Jackson, Zeke, Banks, Max Minghella, Chris, Marisol Nichols, Mark, Darren Lynn Bousman, Josh Stolberg, Pete Goldfinger Locations: Chișinău, Moldova, Securities, Los Angeles, justiţie, Mark Burg

Search resuls for: "” Banks"

21 mentions found