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Citigroup slammed with record $57 million fine for inaccurate reporting

REUTERS/Brendan McDermidCitigroup was fined £44 million, or $57 million, by the Bank of England's Prudential Regulation Authority. The fine is for inaccurate regulatory reporting about the bank's capital and liquidity levels from June 2014 to December 2018, the PRA said. "Citi has fully remediated the past regulatory reporting issues identified by the PRA, and settled…

Pharma stocks plunged after federal prosecutors launched a criminal probe into their role in...

Associated PressDrug stocks plunged on Tuesday after the Wall Street Journal reported that federal prosecutors have launched a criminal probe into whether pharmaceutical companies purposely allowed painkillers to spread through US communities, fueling the opioid crisis. Teva slumped 8%, Amneal dropped 10%, and Mallinckrodt, McKesson, and AmeriSourceBergen all fell by more than 3% after the…

Citigroup slammed with record $57 million fine for inaccurate reporting

REUTERS/Brendan McDermidCitigroup was fined £44 million, or $57 million, by the Bank of England's Prudential Regulation Authority. The fine is for inaccurate regulatory reporting about the bank's capital and liquidity levels from June 2014 to December 2018, the PRA said. "Citi has fully remediated the past regulatory reporting issues identified by the PRA, and settled…

Why The Time Is Right For The Women Of Cannabis Conference

Stacy Thompson leaps fearlessly to build a more inclusive industry. Image credit: Women of Cannabis Conference Christopher Smith Guest Writer Publisher and Editor-in-Chief, The American Cannabis Report December 9, 2019 7 min read Opinions expressed by Entrepreneur contributors are their own. If Stacy Thompson were a trapeze artist, she’d be the one performing without a…

Bankrupt trucker Celadon told laid off employees that they’ve lost health insurance and won’t...

The trucking giant Celadon declared bankruptcy on December 8, according to federal filings. That leaves about 3,800 employees suddenly jobless weeks before Christmas. Of those, 1,300 have mostly administrative nondriving tasks. The majority of them work in Celadon's Indianapolis headquarters.An internal document shared with Business Insider revealed that Celadon immediately ended health insurance for those approximately…

California Sues Juul For Selling E-Cigarettes To Teens

The state of California on Monday sued e-cigarette maker Juul Labs Inc., alleging the San Francisco company engaged in a “systematic” and “wildly successful” campaign to attract teenagers to its nicotine devices. The lawsuit draws on internal correspondence and other evidence, asserting the company did little to prevent sales to underage customers. It also claims…

Bernie Sanders wants to end at-will employment, and that’s a truly bad idea that...

Sen. Bernie Sanders has made an end to at-will employment part of his 2020 Democratic presidential primary platform.While Sanders' plan to end at-will employment has an admirable goal — protecting workers — it would also create negative economic consequences.The move would make the US labor market less flexible and disincentivize employers from hiring workers.Ryan Bourne…

IBM launches open security platform to protect hybrid multicloud environments

The proliferation of security tools and data leaves businesses exposed to a growing landscape of cyberthreats.Businesses lack the resources and skills to detect and protect all the workloads and data spread across multiple cloud environments.IBM's new Cloud Pak for Security seeks to solve these issues.It's an issue that businesses big and small face worldwide: cybersecurity…

This 33-year-old economist hasn’t just helped shape one of Elizabeth Warren’s and Bernie Sanders’...

Gabriel Zucman is an economist at UC Berkeley, and the coauthor with Emmanuel Saez of "The Triumph of Injustice: How the Rich Dodge Taxes and How to Make Them Pay."Zucman and Saez helped craft wealth tax proposals for top Democratic presidential candidates Sens. Elizabeth Warren and Bernie Sanders, with the intention of reducing inequality and…

5 biggest winners and losers in college basketball this week

The second week of the 2019-2020 basketball season has come and gone, and the AP Top 25 Poll looks quite different from last week.The Duke Blue Devils took over the top spot after the previously top-ranked Kentucky Wildcats fell in dramatic fashion to the unranked Evansville Purple Aces.The Louisville Cardinals, Michigan State Spartans, Kansas Jayhawks,…
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