Category Archives: Financial Services

Bancorp Unit to Buy Signature Bank Assets

New York Community Bancorp unit to buy Signature Bank assets – FDIC A subsidiary of New York Community Bancorp has entered into an agreement with U.S. regulators to buy deposits and loans from New York-based Signature Bank, which was closed a week ago. The Federal Deposit Insurance Corporation (FDIC) said the deal would see the […]

Citigroup To Fire Unvaccinated Employees This Month

Citigroup staff in the United States who have not been vaccinated against Covid-19 by Jan. 14 will be placed on unpaid leave and fired at the end of the month unless they are granted an exemption, a source familiar with the matter said on Friday. The US bank announced its plan to impose new vaccination […]

The Great Resignation

Another 4.5 million workers quit in the 8th month of record exits, and it shows how the Great Resignation is here to stay A record 4.5 million Americans voluntarily left their jobs in November, according to the Bureau of Labor Statistics. This pushed the quits rate to 3%, matching the high from September. Workers particularly […]

The Facebook Papers

The Facebook Papers: What’s you need to know   New documents — the Facebook Papers — are bringing more clarity to the social media giant’s problems and reinforcing a whistleblower’s claim that the platform profited off the spread of false information and relies on an algorithm that pushes fake news like drugs.   What’s happening […]

Facebook, WhatsApp, Instagram Suffer Worldwide Outage

Facebook and its Instagram and WhatsApp platforms are back online after a massive global outage plunged the services and the businesses and people who rely on them into chaos for hours   Facebook Inc. blamed a global service outage that kept its social media apps offline for much of Monday on a problem with its […]

COVID Antiviral Pill

Merck says it has first antiviral pill found to be effective against COVID Molnupiravir is an experimental antiviral drug which is orally active and was developed for the treatment of influenza. It is a prodrug of the synthetic nucleoside derivative N4-hydroxycytidine, and exerts its antiviral action through introduction of copying errors during viral RNA replication. […]

Bitcoin Price Jumps After U.S. Says It Has No Plans to Ban Crypto

Worries over regulation have kept a lid on cryptocurrency prices in recent months Bitcoin and other cryptocurrencies jumped suddenly Friday, a day after Federal Reserve Chairman Jerome Powell said the U.S. didn’t have plans to ban cryptocurrencies. Bitcoin rose 10.8% from its 5 p.m. ET value on Thursday to $48,109.69, its highest level in almost […]