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☆ DouYu CEO Chen Shaojie: Yet another CEO is missing in China
▼ + stars: | 2023-11-07 | by ( Manav Tanneeru | Diksha Madhok | ) edition.cnn.com time to read: +3 min

New Delhi CNN —The CEO of a Chinese live-streaming service backed by Tencent has become the latest high-flying executive to fall mysteriously silent in the world’s second largest economy. According to a Monday report from the Cover News, a state-owned media outlet, DouYu (DOYU) CEO Chen Shaojie has been unreachable in recent days. It also cited unconfirmed reports that Chen was being investigated and had been missing for nearly three weeks. DouYu listed on the Nasdaq in 2019, where it raised about $775 million in one of the largest share offerings by a Chinese company on Wall Street that year. Chen’s unexplained absence comes as China continues an anti-corruption crackdown that has ensnared top executives, particularly in the finance and tech sectors.

Persons: Tencent, Chen Shaojie, Chen, DouYu, Zhang Hongli, Zhang, Bao Fan, Bao, haven’t, Xu Jiayin Organizations: New Delhi CNN, CNN, Nasdaq, Wall, Industrial, Commercial Bank of China, Central Commission, Inspection, Evergrande Locations: China, New Delhi, Hong Kong

☆ Europe should brace for U.S. Treasury clearing rules, says industry body
▼ + stars: | 2023-11-07 | by ( Huw Jones | ) www.reuters.com time to read: +2 min

REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsLONDON, Nov 7 (Reuters) - Europe has nowhere to hide from U.S. plans to mandate clearing of U.S. Treasuries transactions that will need to be carefully introduced over time, a global derivatives industry body said on Tuesday. A clearing house is backed by a default fund, ensuring that a transaction is completed even if one side of a transaction goes bust. Regulators began mandating the use of clearing more widely in derivatives markets after the global financial crisis in 2008 to improve stability and transparency. "It's something that you need to look at carefully and at this stage I think we still have more questions than answers as to how the actual process of clearing Treasury cash and Treasury repo will play out," Litvack said. Much will hinge on the details in the final rules that determine who will be within scope, O'Malia said.

Persons: Andrew Kelly, It's, Eric Litvack, Litvack, Scott O'Malia, O'Malia, Huw Jones, Chizu Organizations: U.S . Securities, Exchange Commission, Washington , D.C, REUTERS, Regulators, International, Association, Financial, Thomson Locations: Washington ,, Europe, U.S, Treasuries, United States, repos

☆ 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

☆ Gen Z doesn't want financial advice from banks or celebrities. They're going to mom and dad instead.
▼ + stars: | 2023-11-06 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

They beat out banks, friends, and celebrities as the most frequent source of financial advice. Another survey found that over 6 in 10 Gen Z said they were still financially dependent on their parents. AdvertisementAdvertisementYounger people in need of financial advice are not turning to banks or successful entrepreneurs — they're going to mom and dad instead. To be sure, family isn't the only source of financial information for Gen Z. AdvertisementAdvertisementThat made it the most frequent source among the 948 US Gen Z respondents surveyed, slightly edging out web searches and family.

Persons: Gen Z, —, Insider's, Bill Gates, Experian, Z Organizations: Service, Morning, Microsoft, Experian, CFA Institute, Financial Industry, Authority Investor Education Foundation

Both changes to the process for designating a non-bank as a "systemically important financial institution," or SIFI, were proposed in April. Friday's vote reversed a Trump administration policy that regulators should police risky activities rather than single out individual firms. Under the revamped process, FSOC will identify potential SIFIs based on existing information and give the company a chance to respond. Similarly, the Managed Funds Association, which represents hedge funds, said non-banks do not pose the same risks as banks. "The guidance imposes a black box designation process that introduces uncertainty for market participants," said MFA President and CEO Bryan Corbett.

Persons: Brendan McDermid, Donald Trump, FSOC, Trump, Janet Yellen, Eric Pan, Bryan Corbett, Barack Obama, Ian Katz, Pete Schroeder, Chris Reese, Michelle Price, Richard Chang Organizations: Wall, REUTERS, WASHINGTON, Treasury Department, U.S . Federal, BlackRock, Bridgewater, Investment Company Institute, Association, MetLife, Inc, General Electric Capital Corporation, American International Group, Prudential Financial, Capital Alpha Partners, Carolina, Thomson Locations: New York, U.S, BlackRock, Bridgewater

☆ Here are the emails, texts and photos that could put Sam Bankman-Fried in prison for life
▼ + stars: | 2023-11-02 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +16 min

Lawyers for the U.S. Attorney's office entered into evidence a series of photos featuring the $35 million penthouse where Sam Bankman-Fried and his fellow co-workers resided. Zoom In Icon Arrows pointing outwards Government exhibit in the case against former FTX CEO Sam Bankman-Fried. Source: SDNYZoom In Icon Arrows pointing outwards Government exhibit in the case against former FTX CEO Sam Bankman-Fried. Source: SDNYZoom In Icon Arrows pointing outwards Government exhibit in the case against former FTX CEO Sam Bankman-Fried. Zoom In Icon Arrows pointing outwards Government exhibit in the case against former FTX CEO Sam Bankman-Fried.

Persons: Sam Bankman, Fried, FTX, Renato Mariotti, Bryan Cave Leighton, Caroline Ellison, —, Alameda —, Ryan Pinder, Rob Creamer, didn't, Ellison, he'd, HOOD, they'll, FTX's, Sun, Bankman, Stephen Curry, Tom Brady, Giselle Bundchen, Larry David, Nishad Singh, Michael Kives, Bryan Baum, Hillary Clinton, Katy Perry, Orlando Bloom, Leonardo DiCaprio, Kris, Kylie Jenner, SDNY Singh, Baum, Drappi, Jane Rosenberg, Joe Bankman, Ramnik Arora, Ryne Miller, Constance Wang, Ryan Salame, Changpeng Zhao, Michael Lewis, Singh, Lewis Organizations: U.S . Justice Department's Securities, Commodities, Lawyers, U.S, Alameda Research, Alameda, Geneva Trading, FIA, Traders Group, Wall Street Journal, Google, shuttering, Prosecutors, NBA, Major League Baseball, K5, Federal Court Locations: Chicago, Bahamas, Bankman, Alameda, FTX, shuttering Alameda, Hong Kong, New York City, U.S, Sequoia, Alameda's

☆ Opinion | Seeing the Big Picture in Two Big Wars
▼ + stars: | 2023-11-02 | by ( Thomas L. Friedman | ) www.nytimes.com time to read: +9 min

Step back far enough, and you can see exactly what is driving so much geopolitics today: Ukraine is trying to join the West. Or they would have agreed to Lend-Lease assistance for the allies only if President Franklin Roosevelt would eliminate the I.R.S. That’s why today America must help Israel and Ukraine to blunt the Russia-Iran axis in their theaters. But the morning after their wars, Israel and Ukraine are going to have to face some very hard choices. Because while we may write big checks to both today, they will not be blank checks.

Persons: Mike Johnson, Biden, Johnson, Franklin Roosevelt, G.O.P, Vladimir Putin, Putin, Ayatollah Ali Khamenei, Leon Aron, Vladimir Putin’s, “, ”, gunning, ” Aron, Israel, Donald Trump, —, Benjamin Netanyahu Organizations: Internal Revenue, Lease, Fox News, NATO, European, Palestinian Authority, “, West Bank, Hamas, Putin, Iran’s, U.S, Patriot, Republicans, Palestinian, European Union Locations: Ukraine, West, Israel, Russia, Iran, cheaters, Europe, Saudi Arabia, Saudi, Tehran, Moscow, Vladimir Putin’s Russia, Belarus, Indonesia, Malaysia, Pakistan, Gaza, It’s, Kyiv, Gaza City, U.S, Ramallah, America

☆ An ex-Goldman Sachs banker who passed secrets to his squash buddy just got jailed for 3 years
▼ + stars: | 2023-11-02 | by ( Polly Thompson | ) www.businessinsider.com time to read: +3 min

Brijesh Goel, a former investment banker at Goldman Sachs, was jailed for three years. US District Judge P. Kevin Castel told Goel he "lied again and again and again" on the stand. AdvertisementAdvertisementA former Goldman Sachs investment banker who was found guilty of insider trading and obstruction of justice was jailed for three years by a New York judge. AdvertisementAdvertisement"You took the stand right in this chair and you lied again and again and again," the judge told Goel. "I apologize to Goldman Sachs, to my colleagues, everyone who felt betrayed by my actions."

Persons: Brijesh Goel, Goldman Sachs, P, Kevin Castel, Goel, —, Akshay Niranjan, Niranjan, Goel texted Akshay, he'd, Akshay, Damian William Organizations: US, Service, Goldman, Barclays, Securities Exchange Commission, Southern, of, Bloomberg Locations: New York, of New York

☆ ‘Sorry’ for Being So Blunt
▼ + stars: | 2023-10-30 | by ( Brenda Cronin | ) www.wsj.com time to read: +1 min

Images: Disney/Shutterstock/Bloomberg News/Getty Images for CAA Composite: Mark KellyWhat a luxury anonymity is. Yes, the fervent hordes clattering around TikTok and reality TV attest that many still prize celebrity, influence and their attendant financial promise. Consider Emily Blunt , a movie star who recently prostrated herself after being savaged online for fat-shaming. Describing a woman who served her at Chili’s as “enormous.” Ms. Blunt unleashed the epithet more than a decade ago on “The Jonathan Ross Show,” a U.K. television program where she was appearing to flog her latest film. Mr. Ross, who like Ms. Blunt is British, was whooping it up with his guest about lavish food portions in the New World, joking that “you can see why so many of our American friends are enormous.” Ms. Blunt joined in with her account of the meal at Chili’s—“the girl that was serving me was enormous”—without specifying which outpost in the nationwide chain she patronized.

Persons: Mark Kelly, Emily Blunt, prostrated, Ms, Blunt, Jonathan Ross, Ross Organizations: Disney, Bloomberg, CAA Locations: TikTok, Chili’s

She says most medical professionals aren't taught three important financial concepts. Now Burton coaches her colleagues on personal finance through her business, Strive With Kristin, where over 1,000 medical professionals have enrolled in her courses and purchased her ebooks. Burton says that most medical professionals aren't taught three basic personal finance concepts that could drastically change their financial outlook after graduating from college. It can work against you in the context of debt, but it can work in your favor if you're investing money. Burton says that medical professionals new to the workforce try to "keep up with the Joneses" and splurge on luxury items they can't afford.

Persons: Kristin Burton, aren't, —, Burton, Kristin, we're, doesn't Organizations: Service

☆ Bonus cap axed for UK bankers means unlimited payouts again
▼ + stars: | 2023-10-24 | by ( Hanna Ziady | ) edition.cnn.com time to read: +3 min

London CNN —The UK has abandoned a cap on bankers’ bonuses, in its latest push to boost the competitiveness of London’s financial industry following Brexit. “A bonus cap is not routinely imposed in other leading international financial centers outside the EU,” the regulator added, noting that the cap had been identified as “a factor in limiting labor mobility.”The UK government has long been opposed to the cap and believes that lifting it will help shore up London’s position as an international financial hub. Brexit made access to Europe’s vast market for financial services more difficult and costly for UK-based banks, and London has lost some business to cities such as Paris, Frankfurt and Amsterdam. Britain’s financial regulators have since echoed these concerns and the PRA said Tuesday that scrapping the cap would better align pay with performance. The UK government has come under increasing pressure to deliver post-Brexit benefits for London, the center of Britain’s hugely important financial services sector.

Persons: “, “ We’re, — Organizations: London CNN, European Union, Prudential, Authority, EU, UK Finance, London, ARM Locations: London, Paris, Frankfurt, Amsterdam, ”, New York

☆ Harvard and UPenn donors are furious. It may have a financial domino effect
▼ + stars: | 2023-10-19 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +9 min

Donors often give for specific purposes — facilities, faculty research, technology on campus, athletics, scholarships and financial aid for low-income students. The Wexner Foundation said it’s breaking off ties with Harvard University, alleging the school has been “tiptoeing” over Hamas’ attacks. Lawrence Summers, the former president of Harvard and US Treasury Secretary, has criticized the “morally unconscionable” student statement and Harvard leaders’ response. But he said that financial threats from donors were not the right solution to influencing universities’ positions on these issues. Organizers of the Palestine Writes festival denied that it embraced antisemitism, according to UPenn student newspaper The Daily Pennsylvanian.

Persons: ”, Lee Gardner, Adam Glanzman, Sara Harberson, ” Gardner, “, Indiana University’s, ” Harvard, Harvard “, Leslie Wexner, Abigail, Charles Mostoller, Claudine Gay, Boycott, Lawrence Summers, ” Summers, Jon Huntsman, Marc Rowan, Billionare Ronald Lauder, Susan Abulhawa, ” UPenn, Liz Magill, ” Magill Organizations: New, New York CNN, Harvard University, University of Pennsylvania, Ivy League, Harvard, Higher Education, Philanthropy, Bloomberg, Getty, “ Ivy League, Indiana, Indiana University’s Lilly Family School, “, ”, “ Revenue, Wexner Foundation, Palestinian, College Hall, Israel, Israel Fellows, Wexner, US, CNN, Wall, Daily, University Locations: New York, Israel, UPenn, United States, Philadelphia , Pennsylvania, U.S, “, Palestine, Palestinian

☆ The Ivy League donor backlash is a PR nightmare, and that’s the point
▼ + stars: | 2023-10-19 | by ( Allison Morrow | ) edition.cnn.com time to read: +7 min

Donors understand as well as anyone that pulling their funds won’t inflict significant financial damage on Ivy League institutions, which boast huge endowments, my colleague Nathaniel Meyersohn reports. But he said that financial threats from donors were not the right solution to influencing universities’ positions on these issues. At 5 million subscribers paying $3.99 a month, Snapchat+ is set to earn around $239 million in annual revenue. Still, analysts are intrigued by Snap’s user growth, especially for a company that’s been around for over a decade. “In my view, there’s significant value for a company that’s growing its installed base at this level,” said Angelo Zino, senior equity analyst at CFRA Research.

Persons: CNN Business ’, Nathaniel Meyersohn, Lee Gardner, ” Gardner, “, Indiana University’s, Lawrence Summers, ” Summers, TikTok, Twitter, Snapchat, Clare Duffy, it’s, we’ve, Clare, that’s, ”, Angelo Zino, you’ll Organizations: CNN Business, CNN, Harvard, Ivy League, Higher Education, “ Ivy League, Indiana, Indiana University’s Lilly Family School, Philanthropy, “, US, Netflix, Twitter, Facebook, CFRA Research Locations: Israel, United States, China

While the human tragedy dominates the broader global news agenda, its hold on global markets has typically loosened pretty quickly. Inflation-adjusted real rates matter more when deciding whether to hold gold. The 2014 Gaza War lasted about six weeks and saw Israeli forces cross the border into Gaza. The 2008-09 Gaza War also echoes today's situation and saw Israeli forces cross into Palestinian territory. And over the course of the 2014 Gaza War Brent crude fell around $10 to $93 a barrel.

Persons: Dado Ruvic, Jim Reid, Brent, Michael Every, Jamie McGeever, Jonathan Oatis Organizations: REUTERS, Rights, Barclays, Deutsche, Benchmark, Swiss, Rabobank, Reuters, Thomson Locations: Rights ORLANDO , Florida, Israel, Lebanon, Gaza

However, the characteristics that members of this group generally displayed fall in line with common financial goals for many Americans who dream of retiring one day. They don't have consumer debtWealthy retirees in this study were the least likely to have credit card debt and auto loan debt, two common types of consumer debt. According to EBRI's research, only one in five wealthy retirees had auto loan and credit card debt. Compared to the average retiree, that's significantly less — in the average retiree category, about half had credit card debt, and about half had a car loan. The resulting number is a good estimate of how much you'll need to retire comfortably.

Persons: —, Robinhood, you'll Organizations: Security Research Center, Robinhood, Northwestern Mutual

☆ US Congressman Santos faces more campaign finance charges
▼ + stars: | 2023-10-10 | by ( ) www.reuters.com time to read: +2 min

U.S. Representative George Santos (R-NY) walks to a House Republican Conference meeting as Republicans work towards electing a new Speaker of the House on Capitol Hill in Washington, U.S., October 9, 2023. REUTERS/Evelyn Hockstein Acquire Licensing RightsOct 10 (Reuters) - U.S. Representative George Santos was hit with more criminal charges on Tuesday, with prosecutors accusing him of inflating his campaign's fundraising numbers and charging campaign contributors' credit cards without their consent. The false reports made it appear as if Santos' campaign had raised at least $250,000 from outside donors in a single quarter, the threshold to qualify for financial and logistical support from the Republican Party, prosecutors said. Marks pleaded guilty last week to a conspiracy charge. Tom Suozzi, a Democrat who previously held Santos' seat, said on Tuesday he would run in next year's election.

Persons: Representative George Santos, Evelyn Hockstein, Nancy Marks, Santos, Marks, Tom Suozzi, Costas Pitas, Dan Whitcomb, Luc Cohen, Eric Beech, Noeleen Walder, David Gregorio Our Organizations: Representative, House Republican Conference, Capitol, REUTERS, Federal, Commission, Republican Party, Democrat, Washington D.C, Thomson Locations: Washington , U.S, Central Islip , New York, Long, Washington, New York

☆ Spanish airline Air Europa hit by credit card system breach
▼ + stars: | 2023-10-10 | by ( ) www.reuters.com time to read: +2 min

An Air Europa customer service booth is seen at Gran Canaria airport, in Telde, Gran Canaria, Spain, February 21, 2023. REUTERS/Borja Suarez/File photo Acquire Licensing RightsMADRID, Oct 10 (Reuters) - Spanish airline Air Europa has suffered a cyberattack on its online payment system that let some of its customers' credit card details exposed, the company said on Tuesday. The airline emailed customers whose credit card details were affected and notified the relevant financial institutions, it added. Air Europa reported that incident 41 days after it happened, whereas companies are required to do so within 72 hours. Madrid-based Air Europa is in the process of being taken over by British Airways-owner International Consolidated Airlines Group (ICAG.L).

Persons: Borja Suarez, Corina Pons, Inti Landauro, Louise Heavens Organizations: Air Europa, Gran Canaria, REUTERS, Rights, Spanish, Reuters, Europa, British Airways, International Consolidated Airlines Group, Thomson Locations: Gran, Telde, Spain, Rights MADRID, Spanish, Madrid

Rep. George Santos, R-N.Y., arrives to the U.S. Capitol for a procedural vote on a motion to vacate against Speaker of the House Kevin McCarthy, R-Calif., on Tuesday, October 3, 2023. Federal prosecutors hit Rep. George Santos, R-N.Y., with 23 additional charges Tuesday, including allegations of identity theft and that he charged a supporter's credit card in excess of their contribution and then transferred the money to his personal bank account. He's also alleged to have been involved in a credit card scheme where the campaign would charge contributors' credit cards repeatedly and above FEC individual contribution limits. On another occasion, he allegedly "charged $12,000 to the Contributor's credit card, ultimately transferring the vast majority of that money into his personal bank account." Marks pleaded guilty last week to some of the same conduct involving false FEC filings that Santos was charged with Tuesday.

Persons: George Santos, Kevin McCarthy, Prosecutors, Santos, Nancy Marks, Marks, He's, texted Santos Organizations: U.S, Capitol, Federal, Commission, United, Eastern, of, Republican Party, Santos, Prosecutors, United States House, Representatives, NBC News Locations: United States, of New York

☆ GOP tells Republicans not to support RFK Jr. because he's denied the validity of presidential elections
▼ + stars: | 2023-10-09 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +3 min

RFK Jr. is now running for president as an independent, and Republicans view him as a threat. The RNC issued a memo listing 23 different reasons why Republicans shouldn't support him. The 23rd point: he denied the validity of two presidential elections. "He called the 2000 presidential election stolen 'under a cloud of dirty tricks' and said Republicans 'fix[ed]' the 2004 presidential election," reads a memo released by the RNC on Monday. Other reasons include Kennedy's support for basic aspects of the Democratic Party's agenda, including combatting climate change and supporting abortion rights.

Persons: shouldn't, —, Robert F, Kennedy, Donald Trump —, Ronna McDaniel, Joe Biden, Biden Organizations: RFK Jr, RNC, Service, Republican National Committee, Democratic, GOP, Trump, Electoral Locations: United States, Ukraine

☆ China expels former Bank of China chairman from Communist Party
▼ + stars: | 2023-10-07 | by ( ) www.reuters.com time to read: +2 min

The headquarters of the Central Commission for Discipline Inspection of the Communist Party of China is pictured in Beijing, China February 10, 2018. REUTERS/Jason Lee/File Photo Acquire Licensing RightsSHANGHAI, Oct 7 (Reuters) - China's ruling Communist Party has expelled the former chairman of the state-owned Bank of China from the party, accusing him of illegal activities and taking bribes, the top anti-graft watchdog said on Saturday. Liu Liange was accused of illegally granting loans and causing significant financial risks, the Central Commission for Discipline Inspection (CCDI) said in a statement on its website. Liu, born in 1961, had been working in banking and finance institutions, including in the central People's Bank of China and the Export-Import Bank of China, before he was promoted to become chairman of the Bank of China in 2019. Two weeks later, state media reported that the CCDI had opened an investigation into him on suspicion of serious violations of party discipline and laws.

Persons: Jason Lee, Liu Liange, Liu, Xi Jinping, Robert Birsel Organizations: Central Commission, Communist Party of, REUTERS, Rights, Communist Party, of China, Reuters, People's Bank of China, Export, Import Bank of, Bank of, Shanghai, Thomson Locations: Communist Party of China, Beijing, China, People's, Import Bank of China, Bank of China

CNN —The former controller of the Trump Organization says that Eric Trump directed him to make certain decisions that led to the inflated valuations of several Trump properties. Jeff McConney, also a co-defendant of former President Donald Trump, Eric Trump and Donald Trump Jr., testified Friday as the first week of the civil fraud trial came to an end. (Attorneys for Eric Trump have argued he was not aware that any phone conversations with McConney were used to formulate value assets in the financial statements for Trump properties.) McConney testified that he did not know at the time that Trump had deeded away his right to develop the property beyond its use as a social club in 2005. He said he did this at the direction of Eric Trump, who oversaw the project.

Persons: Eric Trump, Jeff McConney, Donald Trump, Donald Trump Jr, McConney, Arthur Engoron’s, “, ” Trump, Christopher Kise, Allen Weisselberg, Andrew Amer, Trump, Weisselberg, Amer, ” McConney, Briarcliff, he’d Organizations: CNN, Trump Organization, Trump, Internal Trump Org, New, Trump National Golf Club Westchester Locations: New York, Seven, Trump, Springs, Briarcliff , New York

☆ Climate change could impose 'substantial financial costs' on U.S. household finances, Treasury warns
▼ + stars: | 2023-10-02 | by ( Annie Nova | ) www.cnbc.com time to read: +2 min

Between 2018 and 2022, weather and climate disasters cost more than $617 billion, it found — a record. Transportation of food and goods may also be hit by climate events, leading to more delays and shortages on store shelves. "Food insecurity disproportionately impacts lower-income households, families led by single mothers, families with children, and households in Southern states." Climate events can also lead to increased medical expenses. The Treasury report notes that in one analysis from 2012, 10 climate events led to a total of $10 billion in health-related costs.

Persons: Makatla, Joe Raedle, Graham Steele Organizations: U.S . Department of, Treasury, Treasury Department Locations: Tarpon Springs , Florida, U.S, Louisiana, Southern

White non-Hispanic families in the U.S. have a median wealth of $188,200, compared with $36,100 for Hispanic families, according to data analyzed by the Brookings Institution. In 2016, about half of Hispanic families weren't able to contribute anything to the costs of their children's higher education, UnidosUS, an advocacy organization, found. Overall, Latinos borrow less than their white peers to pay for college, but "they face challenges repaying student loans when they do borrow," said higher education expert Mark Kantrowitz. Most Latinos at institutions of higher education are the first in their families to go to college. Elizabeth Zamudio vice president of education at UnidosUS

Persons: Ana Paula Cortes, David Ferreira, Inequity, Cortes, Elizabeth Zamudio, Mark Kantrowitz Organizations: Center for, Brookings Institution, UnidosUS, Gallup Locations: Mexico, U.S

☆ Zelle Fraud: I Got Scammed Out of $31,000 and My Bank Didn't Care
▼ + stars: | 2023-10-01 | by ( Devin Friedman | ) www.businessinsider.com time to read: +38 min

Because a lot of bank branches were still closed, and the crew wanted their money, he requested that we transfer the money via Zelle. When I asked Chase to discuss Zelle fraud, I received an email saying, "Unfortunately, we don't have anyone available for an interview." The way the email messages from Gary were subliterate in a completely different way from the way a classic Gary email is subliterate. When Gary Kruglitz told us to Zelle him, he didn't really tell us to Zelle him. It's possible that the government will eventually be moved to safeguard consumers against Zelle fraud.

Persons: Madison Ketcham, Gary Kruglitz, Gary, couldn't, he'll, Gary —, —, Cheryl, Sheryl, Sheryl —, we'd, Jeff Allen's, didn't, Jeff, Krystal, we'll, He'd, you've, Karen, I'm, she'd, Yellllow, Zelle, Chase, Sen, Elizabeth Warren, there's, That's, It's, Jesus, who'd, Donald Trump, Gary Kruglitzes, Cheryls —, Yasmine48, Nixon, Evan Kohlmann, cybercrime, we've, I've, Kohlmann, Guess, Let's, that's, Elizabeth Warren's, it's, they're, Warren's, Warren, I'd, they'd, blinked Organizations: Boston Pops, The New York Times, New York Times, Chase, Bank of America, PNC, US Bank, PayPal, Disney, NBC, Warner Bros, Netflix, JPMorgan Chase, Bank —, of, Professionals, Justice Department, Northeast . Contractors, Cloudburst Technologies, Facebook, FBI, Mafia, Massachusetts State Police, Monterey Police Department, Police Locations: Massachusetts, Lyme, Tennessee, Wells Fargo, Truist, Silicon Valley, Amsterdam, Northeast, what's, Paxful, Estonia, Korea, Monterey , Massachusetts, Monterey

☆ The Great Zelle Pool Scam
▼ + stars: | 2023-10-01 | by ( Devin Friedman | ) www.businessinsider.com time to read: +38 min

When I asked Chase to discuss Zelle fraud, I received an email saying, "Unfortunately, we don't have anyone available for an interview." The way the email messages from Gary were subliterate in a completely different way from the way a classic Gary email is subliterate. When Gary Kruglitz told us to Zelle him, he didn't really tell us to Zelle him. Out of all the kinds of money, money to build a pool is probably the very best kind of money for the world to suffer the loss of. It's possible that the government will eventually be moved to safeguard consumers against Zelle fraud.

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