Standard Chartered faces Treasury fine over sanctions breaches

The Treasury is to slap Standard Chartered, the emerging markets lender, with a multimillion-pound fine for failing to prevent sanctions breaches, dealing a further blow to the FTSE-100 bank’s reputation. Sky News has learnt that the Office of Financial Sanctions Implementation (OFSI) has notified Standard Chartered that it intends to impose a penalty of more than £10m in the coming […]

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AOC aide faces Fed investigation amid resignation: report

Nancy Pelosi downplays ongoing feud after meeting with Rep. Alexandria Ocasio-Cortez House Speaker Nancy Pelosi says there was never any hatchet to bury in response to a question about her meeting with Rep. Alexandria Ocasio-Cortez. The controversial chief of staff for Rep. Alexandria Ocasio-Cortez, D-N.Y., who resigned on Friday is currently being investigated by federal officials, a new report says. […]

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Sports Direct faces £605m tax bill and ‘terminal’ problems at House of Fraser

Sports Direct says it is facing a €674m (£605m) tax demand from Belgian authorities – as boss Mike Ashley warned that problems at House of Fraser were “terminal”. Mr Ashley disclosed the latest problems facing his sprawling retail empire as it published a much-delayed set of full-year results. The results showed a 5% rise in underlying profits for Sports Direct […]

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Amanda Knox faces backlash for crowdfunding her wedding: ‘I’m a figure to be demonized’

Amanda Knox and Christopher Robinson. Photo courtesy of Amanda Knox and Christopher Robinson. (Photo: Amanda Knox and Christopher Robinson) Amanda Knox, who was absolved of the 2007 murder her roommate in Italy, is getting married next year. Recently, Knox and her fiance, Christopher Robinson, created and shared their interstellar wedding website. The wedding, in accordance with Robinson’s proposal, will be space-themed. Featuring costumes, props, time travel, […]

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AAF faces class-action lawsuits from players, employees after collapse: Report

Preparing NFL players for life after football Former NFL running back Marcus Lattimore on going through the NFL Draft process after an injury and helping players plan for life after football. The now-shuttered Alliance of American Football faces a pair of class-action lawsuits from its former employees, days after the startup league suddenly suspended operations after less than one season […]

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Manafort faces up to 10 years in sentencing before Judge Amy Berman Jackson

Media shocked at Manafort sentence Former Trump campaign chairman Paul Manafort on Wednesday faces his second federal sentencing this month, as Special Counsel Robert Mueller pushes for him to receive 10 additional years in prison on top of the 47-month term issued less than a week ago by Virginia Judge T.S. Ellis. Two key questions remained lingering and unanswered in the hours leading […]

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Bayer now faces 11,200 lawsuits over Roundup cancer risk

Bayer shares fall on $289M Monsanto verdict FBN’s Ashley Webster on Bayer shares’ falling on news a California jury ordering the company’s newly acquired Monsanto unit to pay $289 million for not warning of cancer risks from the company’s weed-killer Roundup. The troubles keep mounting for German pharmaceutical giant Bayer since it acquired Monsanto last June for $62.5 billion. Continue Reading […]

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General Motors faces new lawsuit from auto workers over plant closure

GM President on Flint, Michigan plant: Invested $1.2B since 2009 FBN’s Jeff Flock talks to General Motors President Mark Reuss about the new Chevy Silverado heavy-duty truck and the company’s big investment in its plant in Flint, Michigan. The labor union for U.S. auto workers on Tuesday argued in a new lawsuit that General Motor’s plans to shutter several North […]

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