(Reuters) – Buy-now-pay-later lending firm Affirm Holdings Inc on Wednesday announced a restructuring plan to reduce about 500 employees, or…
New York law firm Shearman & Sterling lays off lawyers and staff
By Sara Merken (Reuters) – New York-founded law firm Shearman & Sterling said Wednesday it has laid off attorneys and…
U.S. Treasury urges financial firms to examine cloud services
By Pete Schroeder and Susan Heavey WASHINGTON (Reuters) -U.S. Treasury Department officials highlighted several challenges facing financial firms that are…
Crypto exchange Kraken under scrutiny for sale of unregistered securities- Bloomberg
(Reuters) – Cryptocurrency exchange Kraken is under investigation by the U.S. Securities and Exchange Commission for the sale of unregistered…
Bayer picks outsider Anderson as CEO after investor pressure
BERLIN/FRANKFURT (Reuters) – Bayer replaced its CEO early, recruiting the former head of Roche’s pharmaceuticals business, as investor criticism over…
Multi-manager hedge funds offer big returns but at high cost
By Nell Mackenzie and Carolina Mandl LONDON (Reuters) – Multi-manager hedge funds charge expense fees about triple the size of…
Third Point says Bath & Body Works can do better, offers to help -letter
NEW YORK (Reuters) – Third Point LLC on Wednesday said Bath & Body Works can perform better financially and called…
Centene reaches $215 million settlement addressing California drug overcharges
By Jonathan Stempel (Reuters) – Centene Corp has reached a $215.4 million settlement with California to resolve accusations it overcharged…
Two lessors file applications to cancel Garuda Indonesia restructuring deal – court
JAKARTA (Reuters) – Two lessors have filed applications in a Jakarta court in a bid to cancel flag carrier Garuda…
Investors focus on buybacks, billionaire tax in Biden speech
By Saqib Iqbal Ahmed and Laura Matthews NEW YORK (Reuters) -U.S. President Joe Biden put taxes and corporate stock buybacks…