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Regulator Sues Top Crypto Exchange Binance, CEO for ‘Willful Evasion’
The world’s biggest crypto exchange Binance and its CEO and founder Changpeng Zhao were sued by the U.S. Commodity Futures Trading Commission (CFTC) on Monday for operating what the regulator alleged were an “illegal” exchange and a “sham” compliance program. …
POSTED MARCH 28, 2023 5:34 AM |
FDIC Is Probing Management’s Conduct in SVB, Signature Bank Failures
A top US banking regulator has launched investigations into managers’ conduct in the Silicon Valley Bank and Signature Bank failures. “It is worth noting that these two institutions were allowed to fail,” Martin Gruenberg, chairman of the Federal Deposit Insurance …
POSTED MARCH 28, 2023 5:29 AM |
In Filing with Regulators, Florida Citizens Wants Appraisers to be Licensed Adjusters
Citizens Property Insurance Corp. has weighed in on a question that could shake up the appraisal process in Florida insurance claims disputes, urging state regulators to require that appraisers be licensed adjusters. In a motion to intervene in a petition …
POSTED MARCH 28, 2023 5:01 AM |
Washington Contractor Fined $300K for Wage Violations
A Vancouver, Washington contractor was found to owe $201,223 in wages and interest to 20 employees on construction projects at four area schools. The contractor, 360 Sheetmetal LLC, and owner Beverley Martin, were also found to owe more than $115,000 …
POSTED MARCH 28, 2023 5:00 AM |
Lawsuit: Officials ‘Mocked’ Nevada Prison-Firefighter Burns
A group of prison firefighters said their feet burned and their socks melded to their feet during a gruesome fire clean-up assignment that left several unable to walk, stand or shower without assistance for days, according to a new lawsuit. …
POSTED MARCH 28, 2023 5:00 AM |
Philadelphia Residents Warned About Chemical Plant Spill in Delaware River
Philadelphia residents are being told that they may want to drink only bottled water following a chemical spill into the Delaware River in neighboring Bucks County. Bucks County health officials said Sunday that a leak late Friday evening at the …
POSTED MARCH 28, 2023 5:00 AM |
Casualties Mount in Pennsylvania Chocolate Factory Explosion
WEST READING, Pa. (AP) – A fifth body has been recovered from the site of a powerful explosion at a chocolate factory in a small town in eastern Pennsylvania and two remained unaccounted for Sunday. West Reading Mayor Samantha Kaag …
POSTED MARCH 28, 2023 5:00 AM |
Professional Benefit Services in Washington Acquired by Parker, Smith & Feek
Parker, Smith & Feek acquired Professional Benefit Services Inc. in Washington. PBS President Jere Meyer and Account Executives Katie Stewart and Lesley Behrndt will join Parker, Smith & Feek’s team of more than 350 associates. PBS provides group employee benefits …
POSTED MARCH 27, 2023 6:28 PM |
Credit Suisse’s Catastrophe Bonds Should Outlive the Bank: DBRS Morningstar
Bonds designed to insure Credit Suisse Group AG against disaster could outlive the bank. Credit Suisse’s Operational Re bonds, insurance-linked securities that cover the bank against perils such as falling victim to fraud and accounting errors, should remain unaffected by …
POSTED MARCH 27, 2023 3:58 PM |
Supreme Court Lets Chevron Foe Donziger’s Contempt Conviction Stand
The U.S. Supreme Court on Monday declined to hear a disbarred environmental lawyer’s challenge to his criminal contempt conviction after he earlier won but was unable to collect a $9.5 billion judgment against Chevron Corp. over oil pollution in Ecuadorian …
POSTED MARCH 27, 2023 3:21 PM |
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