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  • Wendy’s wants to buy nearly 400 of its restaurants out of bankruptcy

    Wendy’s wants to buy nearly 400 of its restaurants out of bankruptcy

    November 19, 2020 | 01:29pm

    Wendy’s disclosed Thursday it has submitted a bid to buy nearly 400 restaurants under its own name and operated by bankrupt franchisee NPC Quality Burgers. NPC filed for bankruptcy protection in
  • Regal Cinemas owner Cineworld eyes UK theater closures and rescue deal

    Regal Cinemas owner Cineworld eyes UK theater closures and rescue deal

    November 19, 2020 | 12:06pm

    Regal Cinemas owner Cineworld, the world’s second-largest movie theater operator, is considering a rescue deal that could spur permanent UK cinema closures. The deal, dubbed “Company
  • Jamie Dimon takes jab at Trump’s refusal to concede the election

    Jamie Dimon takes jab at Trump’s refusal to concede the election

    November 18, 2020 | 02:11pm

    Jamie Dimon took shots at the outgoing Trump administration, even as he made it clear he won’t be joining the Biden White House. In a Wednesday interview, the JPMorgan Chase chief took thinly veiled
  • Nearly 300 US businesses that got COVID-19 aid through PPP have reportedly closed

    Nearly 300 US businesses that got COVID-19 aid through PPP have reportedly closed

    November 17, 2020 | 11:13am

    Nearly 300 American businesses have folded despite receiving hundreds of millions of dollars in federal loans meant to keep them afloat during the coronavirus pandemic, a new report says. Some 285
  • Top dealmaker leaves Goldman Sachs to run Michael Dell’s investment firm

    Top dealmaker leaves Goldman Sachs to run Michael Dell’s investment firm

    November 16, 2020 | 04:26pm

    A top Goldman Sachs dealmaker is leaving the firm after almost three decades to run Texas computer tycoon Michael Dell’s investment firm. In a move that shocked many insiders at the Wall Street
  • PNC to buy Spanish bank BBVA’s US business for $11.6 billion

    PNC to buy Spanish bank BBVA’s US business for $11.6 billion

    November 16, 2020 | 10:34am

    American bank PNC has reached a deal to buy Spanish finance giant BBVA’s US business for $11.6 billion, the companies announced Monday. The cash acquisition will expand Pittsburgh-based
  • SEC Chairman Jay Clayton plans to step down at the end of 2020

    SEC Chairman Jay Clayton plans to step down at the end of 2020

    November 16, 2020 | 09:47am

    Wall Street’s sheriff is hanging up his spurs. Securities and Exchange Commission Chairman Jay Clayton announced Monday morning that he will be stepping down at the end of 2020, ending a
  • Former Wells Fargo CEO and senior exec hit with new SEC charges

    Former Wells Fargo CEO and senior exec hit with new SEC charges

    November 13, 2020 | 02:10pm

    The feds slapped ex-Wells Fargo chief John Stumpf and the bank’s former community banking head Carrie Tolstedt with fresh civil charges and fines over their roles in the fraud scandal that
  • Deutsche Bank proposes tax on people working from home

    Deutsche Bank proposes tax on people working from home

    November 12, 2020 | 05:22pm

    White-collar staff reaping the financial benefits of working from home should be taxed to help other workers who aren’t getting the same advantages, experts at Deutsche Bank said in a new
  • Goldman Sachs names its smallest partner class in decades

    Goldman Sachs names its smallest partner class in decades

    November 12, 2020 | 05:14pm

    Goldman Sachs just revealed its smallest partner class in decades as Chief Executive David Solomon further shrinks the megabank’s elite inner circle. The $2 trillion financial services giant said
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