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Daily Business Review

Citi Shutting Consumer Bank in China, Affecting 1,200 Staff

The Citigroup exit will include products such as deposits, insurance, mortgages, investments, loans and cards.
2 minute read

Daily Business Review

US Stocks Fall as Fed Signals It Will Remain Aggressive

The Federal Reserve has been fighting to lower inflation at the same time that pockets of the economy, including employment and consumer spending, remain strong.
3 minute read

The American Lawyer

SBF Planned Testimony: Sullivan & Cromwell Pressured Me to File for Chapter 11, Reneged on Promises

In planned congressional testimony published by Forbes, Sam Bankman-Fried alleged that FTX General Counsel Ryne Miller hired Sullivan & Cromwell, his former law firm, to help it earn massive legal fees on the company's bankruptcy.
2 minute read

Daily Business Review

Danske Bank Pleads Guilty to US Fraud, Will Forfeit $2B

Danske is working to move past a scandal that wiped out top management and saw thousands of customers leave in one of Denmark's worst cases of corporate malfeasance.
4 minute read

Daily Business Review

Barclays Plans £500M Investment in Green Startups by 2027

Barclays said it is prioritizing supporting clients as they transition to a low carbon economy.
2 minute read

Daily Business Review

Germany Urges EU to Move Past Subsidy Spat With US

France has accused Washington of pursuing a "Chinese-style" industrial policy that discriminates against non-U.S. companies and has said it may take the U.S. to the World Trade Organization over its new law.
4 minute read

Daily Business Review

China Asks Banks to Buy Bonds Via Prop Desks After Market Slump

A wave of fund redemptions by retail investors has fueled China's biggest credit sell-off since 2015.
2 minute read

New Jersey Law Journal

Class Suit Alleges Failure to Apply Student Loan Interest Rate Discount

This suit was surfaced by Law.com Radar. Read the document here.
1 minute read

Daily Business Review

Global Trade Surges to $32 Trillion Record in 2022, UN Says

The value of global trade is set to reach a record this year, increasing by about 12% to an estimated $32 trillion, according to a U.N. report that…
2 minute read

Daily Business Review

US Equity-Index Futures Rise as Traders Await CPI

Contracts on the S&P 500 and Nasdaq 100 advanced at least 0.6% each after the underlying indexes climbed on Monday by the most in December.
3 minute read

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