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HSBC Currency Scheme May Have Involved 11 Other Bank Employees

A foreign exchange front-running conspiracy at HSBC Holdings Plc may have involved at least 11 bank employees beyond the two executives who have been charged with crimes, a prosecutor said. 501 more words

Finance

Blue Apron Fires Recruiting Staff and Implements Hiring Freeze

Blue Apron Holdings Inc. has lost its human resources chief, implemented a temporary hiring freeze of salaried employees and fired part of its recruiting team just as it ramps up a new fulfillment center that’s supposed to help the troubled, newly public company expand. 528 more words

Retail

Whether They Like It or Not, Millennials Are Becoming Their Parents

Millennials are finally starting their own baby boom and heading for the suburbs in big sport utility vehicles, much like their parents did.

Americans aged about 18 to 34 have become the largest group of homebuyers, and almost half live in the suburbs, according to Zillow Group data. 588 more words

OneTime

Ex-Trader Ordered to Begin 2-Year Prison Sentence for Lying to Customers

Jesse Litvak’s luck has finally run out.

A federal appeals court on Tuesday ordered the former Jefferies LLC trader to report to prison on Sept. 12 to begin serving a two-year sentence for lying to customers about mortgage bond prices. 661 more words

Finance

U.S. Seeks $11 Million From Companies It Says Conspired With North Korea

The U.S. tightened its financial restrictions on North Korea, slapping sanctions on Chinese and Russian entities it accused of assisting Pyongyang’s development of nuclear weapons and ballistic missiles, and also seeking millions of dollars it said moved through the U.S. 440 more words

Leadership

Chevron CEO John Watson Expected to Step Down

John Watson, who has led Chevron Corp. since 2010, is planning to step down as the oil major seeks a new chief executive officer, the Wall Street Journal said, citing people familiar with the matter. 277 more words

Leadership

U.S. Citizens Warned About Traveling to Cancun as Homicides Rise

The U.S. State Department warned its citizens about traveling to parts of Mexico including Cancun and Playa del Carmen, as homicides rise at resorts popular with American tourists. 222 more words

OneTime