HSBC was sued for $250 million on Friday for allegedly ignoring red flags that a colorful British entrepreneur, the late David Elias, was committing fraud through an investment vehicle he controlled. According to the complaint, HSBC had been a custodian of life insurance policies used as collateral for bonds that SLS sold to investors, and… Continue reading VIDEO: HSBC Is Sued In U.S. For $250 Million Over Alleged Role In ‘death Bonds’
Tag: New York
VIDEO: In Riot-hit Ferguson, Traffic Fines Boost Tension And Budget
When calm and order is finally restored to Ferguson, Missouri, the city’s leaders may find little room to maneuver to resolve an issue that has long inflamed racial tensions: traffic tickets. On the surface it would seem an easy fix for the mainly white police force simply to adopt a less aggressive policy on traffic… Continue reading VIDEO: In Riot-hit Ferguson, Traffic Fines Boost Tension And Budget
VIDEO: Shire Seeks AbbVie Bid Of Close To 53 Pounds Per Share: Sources
According to people familiar with the matter, Shire Plc is seeking a higher takeover offer from U.S. drugmaker AbbVie that would value the company at about 31 billion pounds. Shire, which on Friday confirmed it has met with AbbVie to discuss a takeover, had asked AbbVie to sweeten its offer to close to 53 pounds… Continue reading VIDEO: Shire Seeks AbbVie Bid Of Close To 53 Pounds Per Share: Sources
VIDEO: JPMorgan’s Dimon Plans To Use Vacation For Cancer Treatment
A spokesman said on Wednesday, Jamie Dimon, chairman and chief executive of JPMorgan Chase & Co, plans to be out of the office for at least half of his planned two-month course of radiation treatment and chemotherapy for throat cancer. Spokesman Joseph Evangelisti, Dimon’s four weeks of vacation could begin shortly after JPMorgan reports quarterly… Continue reading VIDEO: JPMorgan’s Dimon Plans To Use Vacation For Cancer Treatment
VIDEO: Toyota Leads Top 10 Longest Lasting Brands, Says Mojo Motors
According to New York-based Mojo Motors, the company behind the used-car classified ad site mojomotors.com, Toyota makes the longest-lasting cars and trucks, at an average of more than 200,000 miles. Honda was the only other big-volume brand that topped 200,000 miles before its cars reach the theoretical “worthless” point. The company said,domestic brands Ford, Dodge… Continue reading VIDEO: Toyota Leads Top 10 Longest Lasting Brands, Says Mojo Motors
VIDEO: An ‘Experimental’ Vodka Distillery
Industry City Distillery in Brooklyn is among a new crop of small U.S. distillers producing craft vodkas. The company’s do-it-yourself ethos is reflected in its equipment and techniques.
VIDEO: BlackRock Shakes Up Management, Names New Co-president, COO
BlackRock, the world’s largest money manager, is reorganizing its senior management, shifting at least 10 senior executives into new or different roles, according to an internal memo seen by Reuters on Sunday. Both Larry Fink, chief executive and chairman of BlackRock, which has more than $4 trillion in assets under management, and Rob Kapito, president,… Continue reading VIDEO: BlackRock Shakes Up Management, Names New Co-president, COO
VIDEO: New York Lawmakers, Governor Cuomo, Strike Budget Deal Before Monday Vote
Before a planned vote on Monday, New York legislators and Governor Andrew Cuomo reached a deal on the state’s 2014-2015 budget after several weeks of negotiating behind closed doors, according to state officials. Governor Cuomo said on Saturday that the budget keeps growth in all funds spending below 2 percent at $137.9 billion and provides… Continue reading VIDEO: New York Lawmakers, Governor Cuomo, Strike Budget Deal Before Monday Vote