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Roughly half of the 282 total people arrested at Columbia and CCNY were not affiliated with the schools, NYPD says

Roughly half of the 282 total people arrested at Columbia and CCNY were not affiliated with the schools, NYPD says

Students at some universities in the United Kingdom have set up pro-Palestinian encampments in recent days. At Newcastle University, a small pro-Palestinian encampment has been set up on a lawn in front of the college's buildings, video and pictures on social media showed.The X account "Newcastle Apartheid Off Campus" shared images of their encampment, which shows around a dozen tents on the lawn, some with Palestinian flags hanging from them. The group describes itself as a "student-led coalition fighting for an end to Newcastle University's partnership with defense companies...

May 2
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Citibank can't get back $500 million it wired by mistake, judge rules | CNN Business

Citibank can't get back $500 million it wired by mistake, judge rules | CNN Business

MarketsFeaturedFear & Greed IndexLatestBy , CNN BusinessLink Copied!Ad Feedback — After committing one of the “biggest blunders in banking history,” Citibank won’t be allowed to recover the almost half a billion dollars it accidentally wired to Revlon’s lenders, a US District Court judge ruled.Citibank, which was acting as Revlon’s loan agent, meant to send about $8 million in interest payments to the cosmetic company’s lenders. Instead, Citibank accidentally wired almost 100 times that amount, including . In all, Citiaccidentally sent to Revlon’s lenders.Some lenders did...

February 16, 2021
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Citibank can't get back $500 million it wired by mistake, judge rules

Citibank can't get back $500 million it wired by mistake, judge rules

New York (CNN Business)After committing one of the "biggest blunders in banking history," Citibank won't be allowed to recover the almost half a billion dollars it accidentally wired to Revlon's lenders, a US District Court judge ruled.Citibank, which was acting as Revlon's loan agent, meant to send about $8 million in interest payments to the cosmetic company's lenders. Instead, Citibank accidentally wired almost 100 times that amount, including . In all, accidentally sent to Revlon's lenders. Some lenders did return the money, but others did not. Citibank filed a lawsuit in August seeking...

February 16, 2021
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$1.7 billion Ponzi scheme defrauded 17,000 investors, SEC says

$1.7 billion Ponzi scheme defrauded 17,000 investors, SEC says

(CNN Business)The US Securities and Exchange Commission charged investment adviser GPB Capital Holdings and three executives on Thursday with defrauding over 17,000 retail investors in a Ponzi-like scheme that raised over $1.7 billion.The that David Gentile, owner and CEO, Jeffry Schneider, owner of GPB Capital's placement agent Ascendant Capital, and Jeffrey Lash, GPB Capital's former managing partner, used investors' own funds to pay out monthly distributions to investors instead of putting them toward customers' investments. GBP Capital was also charged with violating whistleblower...

January 31, 2021
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