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Financial Services

Princeton Alum Injured In Deadly New Orleans Attack That Killed Former Teammate Princeton Alum Injured In Deadly New Orleans Attack That Killed Former Teammate
Princeton Alum Injured In Deadly New Orleans Attack That Killed Former Teammate Ryan Quigley, a 2020 Princeton University graduate and former classmate and coworker of Tiger Bech, was injured in the deadly New Orleans pickup truck attack early Wednesday, Jan. 1. Quigley, a Lansdale Catholic High School graduate from the Class of 2016, was hospitalized following the attack, which claimed at least 15 lives, including Bech’s, in New Orleans’ French Quarter. Quigley and Bech both worked at Seaport Global Holdings LLC, a financial services firm in New York, and had remained close since their time at Princeton. Ryan Quigley Facebook/Ryan Quigley @ryan.quigley.3…
Nissan, Honda Eye Potential Merger Nissan, Honda Eye Potential Merger
Nissan, Honda Eye Potential Merger Two of the world's biggest automakers may soon become one. Nissan Motor Co., Ltd. and Honda Motor Co., Ltd. have signed a memorandum of understanding (MOU) to discuss a potential merger aimed at revolutionizing the future of mobility and electrification.  Announced on Monday, Dec. 23, the goal is to establish a joint holding company that could significantly impact the automotive landscape, and potentially make the combined corporation the world's third-largest auto manufacturer. The merger aims to accelerate initiatives for carbon neutrality and zero traffic fatalities by pooling reso…
Goldman Sachs To Fire Over 1,300 Workers, Report Says Goldman Sachs To Fire Over 1,300 Workers, Report Says
Goldman Sachs To Fire Over 1,300 Workers, Report Says New York City-based multinational investment bank and financial services company Goldman Sachs plans to lay off over 1,300 employees, according to a report by The Wall Street Journal. The move is part of an annual review process that culls low performers, the report said, noting the numbers of those getting fired may wind up being as high as 1,800 out of the company's global workforce of around 45,000. The layoffs have already started and will continue through the fall, according to the report. Click here to read the complete Wall Street Journal report.
$2M Scheme: 3 NYers Among 4 Nabbed For Defrauding Company, Feds Say $2M Scheme: 3 NYers Among 4 Nabbed For Defrauding Company, Feds Say
$2M Scheme: 3 NYers Among 4 Nabbed For Defrauding Company, Feds Say Four men have been accused of creating hundreds of fictitious brokerage accounts in defrauding a financial services company of more than $2 million. They have pleaded guilty in federal court in Central Islip to money laundering conspiracy in connection with the scheme involving the global financial services firm based in Menlo Park, California, which is located near San Francisco. Three of the four are Long Island residents: Edward Hernandez, also known as “Ghost,” age 33, of Lindenhurst; Christopher Flagg, also known as “Venus," age 28, of Copiague; Daquan Lloyd, also…
Wells Fargo To Pay States $575M To Resolve Customer Ripoff Claims: NJ, NY, CT Get $34M Wells Fargo To Pay States $575M To Resolve Customer Ripoff Claims: NJ, NY, CT Get $34M
Wells Fargo To Pay States $575M To Resolve Customer Ripoff Claims: NJ, NY, CT Get $34M Wells Fargo Bank has agreed to pay $575 million – including more than $34 million combined to New Jersey, New York and Connecticut – to settle charges that it engaged in a variety of sales, lending, and other improper business practices for more than a decade. The bank also has agreed to pay more than $385 million to 850,000 auto finance customers who were wrongly charged premiums, interest, and fees for forced-place collateral protection insurance, even though they already had the coverage. That includes payments to more than 51,000 customers whose cars were repossessed, according to the m…
Cuomo Goes National In Battle Against NRA Cuomo Goes National In Battle Against NRA
Cuomo Goes National In Battle Against NRA The National Rifle Association, the nation's top pro-gun lobby and one of its most powerful interest groups, said regulatory efforts by Gov. Andrew Cuomo of New Castle could make it “unable to exist as a not-for-profit or pursue its advocacy mission." Cuomo, on Twitter, responded: "If I could have put the @NRA out of business, I would have done it 20 years ago. I'll see you in court." In a July 20 amended complaint, first reported by the New York Law Journal, the NRA accused Cuomo, as well as state Department of Financial Services Superintendent Maria Vullo, of issuing a “ser…