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☆ U.A.W. Monitor Investigates Accusations Against Union Leader
▼ + stars: | 2024-06-10 | by ( The New York Times | ) www.nytimes.com time to read: +1 min

A court-appointed monitor overseeing the operations of the United Automobile Workers union is investigating disputes involving the union’s president, Shawn Fain, and two U.A.W. officials who say they were improperly stripped of duties. The monitor, Neil M. Barofsky, also accused the union on Monday of a “lapse in cooperation” with the investigation, saying it had taken months to turn over relevant documents and then provided only a small fraction of those requested. The union declined to comment. That process also resulted in the union’s first election of a president by a vote of the full membership — balloting that elevated Mr. Fain, running as an insurgent candidate, to the top job in a runoff last year.

Persons: Shawn Fain, Neil M, Barofsky’s, Fain Organizations: United Automobile Workers, Department Locations: Michigan

☆ Premarket stocks: The earnings recession is here. There could be worse to come
▼ + stars: | 2023-04-19 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

New York CNN —Earnings reports are coming thick and fast, showing how companies fared in the first few months of the year. But even as earnings are forecast to slump to their lowest level in three years, investors fear the worst is yet to come. This left significant gaps in the forensic search for Nazi-linked records, the Senate Committee stated. AlixPartners, according to the Senate committee, has indicated it will conduct a “supplementary review” of Credit Suisse’s connections to ratlines amongst other allegations. Credit Suisse is Switzerland’s second-largest bank by assets and has spent the past few years plagued by scandals and large losses.

☆ Credit Suisse limited investigations into Nazi-linked accounts, Senate Committee alleges
▼ + stars: | 2023-04-18 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +4 min

This left significant gaps in the forensic search for Nazi-linked records, the Senate Committee stated. The bipartisan Senate investigation follows a March 2020 report by the Simon Wiesenthal Center (SWC) that linked Credit Suisse accounts to a list of 12,000 Nazis in Argentina. Credit Suisse has thus far failed to meet that standard,” said Sen. Grassley in a statement. AlixPartners, according to the Senate committee, has indicated it will conduct a “supplementary review” of Credit Suisse’s connections to ratlines amongst other allegations. Credit Suisse is Switzerland’s second-largest bank by assets and has spent the past few years plagued by scandals and large losses.

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