A bank formed nearly four decades ago with a focus on social responsibility has been crowned company of the year. The highest prize at Thursday night’s Greater Birmingham Chambers of Business Awards went to Unity Trust Bank, which was also recognized for its service to the community. The bank, today located in Brindleyplace in the … Read more
It began with a phone call from what he believed to be his bank’s fraud section. A Cypress man who operates a small business claims that con artists took away virtually all of the funds in his trucking company’s bank account, and he is now battling to keep the firm solvent. Charles Haney received a … Read more
Wednesday, TikTok dismissed rumors that the Biden administration had demanded that its Chinese owners surrender their holdings in the popular video-sharing app, stating that such a step would not safeguard national security. The firm was responding to a Wall Street Journal story that the Committee on Foreign Investment in the U.S., a division of the … Read more
In recent years, sustainability has become an increasingly vital concern for corporations. Governments throughout the world are enacting legislation to minimize carbon emissions and safeguard the environment in response to consumer demand for more eco-friendly goods and services. But, being a sustainable firm requires more than only employing eco-friendly procedures. Moreover, legal experience is required … Read more
CME Group Inc., which is the parent business of the Chicago Mercantile Exchange and the Chicago Board of Trade, is profiting off the chaos that was caused by the failure of two banks in the United States. Tuesday was the day when the derivatives market achieved its highest-ever daily trading volume, with 66.25 million contracts … Read more
Beginning in August 2023, the Romain College of Commerce will experiment with a four-day week schedule for 20% of its course offerings. 20% of the RCOB’s Monday, Wednesday, and Friday 50-minute programs will be organized as Monday and Wednesday 75-minute classes. The 75-minute lessons on Tuesdays and Thursdays will stay unchanged, allowing students to follow … Read more
This past week’s banking collapse has left us with more questions than answers. Wall Street was set on edge by the jarring failure of two American banks and the loss of investor trust in Credit Suisse, which caused dramatic market fluctuations and heightened volatility. During CNN’s primetime program “Bank Bust: Inside the Collapse of SVB,” … Read more
Sinclair Broadcast Group’s large wager on regional professional sports went awry on Tuesday when the division of the corporation that broadcasts local events filed for Chapter 11 protection. The corporation is attempting to restructure the more than $8 billion in debt it accrued in 2019 as a result of its acquisition of regional cable networks. … Read more
Concentric AI has released a DSPM solution that supports big language models that are designed for data confidentiality and protection. Concentric AI’s Semantic Intelligence provides semantic comprehension of data and utilizes context to enable exact accuracy in detecting sensitive material, including intellectual property, financial data, company private information, PII/PCI/PHI, etc. Foundation models, which are mostly … Read more
Join the U.S. Small Business Administration (SBA), the U.S. Department of Agriculture (USDA), and the Federal Deposit Insurance Corporation (FDIC) as they hold the “Path to Prosperity Lenders Matchmaking Event” and “Path to Prosperity Regional Series U.S. Virgin Islands.” Friday, March 17, from 8 a.m. to 5 p.m., in the UVI Great Hall on the … Read more