Fed Penalizes Citigroup $136M For Data Management Failures

On Wednesday, the U.S. bank regulator Federal Reserve Board and the Office of the Comptroller of the Currency (OCC) have fined Citigroup Inc (NYSE:C) $135.6 million for failing to comply with a 2020 enforcement action. The Office of the Comptroller of the Currency (OCC) has amended its October 7, 2020, Cease and Desist Order against […]

How Low Will Bitcoin Go If Germany Sells All Its BTC?

Bitcoin (CRYPTO: BTC) has been weighed down by Germany liquidating Bitcoin holdings, but fresh analysis points to further downside being limited. What Happened: Economist and crypto trader Alex Krüger pointed out that Germany’s equivalent of the FBI held 50,000 Bitcoin until late June. While they have been continuously selling in small parts since June 19, […]

EV Manufacturers Lucid Motors And Fisker Launch Recalls On Thousands Of EVs – Read Why

Lucid Group, Inc. (NASDAQ:LCID) and Fisker have reportedly initiated recalls affecting thousands of newly produced electric vehicles due to concerns that could result in power loss. Lucid Motors is recalling 2022 and 2023 model Lucid Air vehicles due to a safety mechanism prone to intermittent hardware connection faults, reported The Wall Street Journal. This issue […]

Carlyle Eyes $4B Acquisition

Carlyle Group (NYSE:CG) is reportedly in exclusive talks to acquire Baxter International Inc.’s (NYSE:BAX) kidney-care spinoff, Vantive, in a deal valued at over $4 billion, including debt. The companies began exclusive negotiations in late June, the Wall Street Journal reported, citing sources familiar with the matter. An agreement could be announced in the coming weeks, […]

What’s Going On With Lucid Stock Monday?

Lucid Group Inc (NASDAQ:LCID) shares are trading higher Monday. The company announced that it reached an agreement over a trademark dispute. What Happened: After the market close on Friday, Lucid said it reached an agreement with Gravity Inc., an American manufacturer of high-speed EV charging equipment, regarding use of the “Lucid Gravity” trademark. Lucid said […]

Is This Tech Stock a Buy?

Bitdeer Technologies Group (NASDAQ:BTDR) shares are trading higher Friday after the company announced it has entered into a lease agreement with the Monroe County Port Authority (MCPA) to secure up to 570 MW of additional power capacity. The Details: Bitdeer said it has leased land for 30 years at the Monroe County Port Authority-owned Hannibal […]

Here’s How Much Bitcoin Has Surged Since Julian Assange’s WikiLeaks Took Refuge

WikiLeaks founder Julian Assange, is set to return to his home country Australia as his long-running legal struggle with the U.S. government comes to a close.  As he walks out as a “free man,” we examine the famed whistleblower’s connections to Bitcoin (CRYPTO: BTC) and how the digital currency came to his rescue during difficult […]

Charles Schwab, Applied Materials And 2 Other Stocks Insiders Are Selling

The Nasdaq 100 closed lower by over 1% on Monday. Investors, meanwhile, focused on some notable insider trades. When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company’s prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only […]

Newsletter

Fed Penalizes Citigroup $136M For Data Management Failures

July 11, 2024

On Wednesday, the U.S. bank regulator Federal Reserve Board and the Office of the Comptroller of the Currency (OCC) have fined Citigroup Inc (NYSE:C) $135.6 million for failing to comply with a 2020 enforcement action. The Office of the Comptroller of the Currency (OCC) has amended its October 7, 2020, Cease and Desist Order against […]
Read More