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HSBC is moving the heart of the bank back to Hong Kong

HSBC will move four of its most senior executives to Hong Kong later this year, as the London-based bank focuses more attention on fast-growing markets in Asia. CEO Noel Quinn said in an internal memo on Wednesday that Barry O’Byrne, head of global commercial banking, Greg Guyett, co-head of global banking and markets, and Nuno…MORE

Senate pushes bill to combat surge of anti-Asian hate crimes

Senate pushes bill to combat surge of anti-Asian hate crimes

The Senate is pushing to advance a bill Wednesday that would address the surge of hate crimes against Asian Americans. The bill, which would assign a Justice Department official to expedite reviews of potential Covid-19-related hate crimes and establish an online database, initially received pushback from some Senate Republicans as an ineffective, messaging vote. But…MORE

Like it or not, ‘woke’ Corporate America is here to stay

Like it or not, ‘woke’ Corporate America is here to stay

Conservative lawmakers concerned by the growing list of major corporations taking progressive stances on hot-button political issues should expect more of the same for the foreseeable future. So says Lisa Osborne Ross, who next month will become the first Black person to serve as chief executive officer for the US division of Edelman, one of…MORE

Ruff job: Busch will pay your pup $20,000 to be its official dog beer taster

Busch is sniffing around for a new CTO — “chief tasting officer” — and it wants your very good boy to apply. The beer brand is expanding its “Dog Brew,” a canine-friendly, alcohol-free bone broth it launched last year. According to Anheuser-Busch, the brew sold out within 24 hours. The role comes with a $20,000…MORE

Treasury sets up office to oversee implementation of recovery programs

Treasury sets up office to oversee implementation of recovery programs

The Treasury Department is establishing an Office of Recovery Programs to lead the agency’s implementation of economic relief measures from three massive congressional coronavirus relief bills. The office, which will be led by Jacob Leibenluft, will mainly focus on establishing and administering the Treasury programs to support an equitable and swift recovery from the pandemic.…MORE

Five things you didn’t know about Bernie Madoff’s epic scam

Five things you didn’t know about Bernie Madoff’s epic scam

Editor’s note: This story was originally published on December 11, 2013, and has been updated with Madoff’s death. Bernard Madoff, the man behind the most notorious Ponzi scheme in history, died while serving a 150-year sentence in Federal Prison at age 82. He was arrested on Dec. 11, 2008 for bilking thousands of investors out…MORE

Derek Chauvin’s defense calls medical expert to testify about George Floyd’s death

Derek Chauvin’s defense calls medical expert to testify about George Floyd’s death

Former Maryland chief medical examiner Dr. David Fowler took the stand Wednesday in Derek Chauvin’s trial as the defense attempts to raise doubt in the prosecution’s case and further highlight George Floyd’s drug use. On Tuesday, a defense use-of-force expert said the former Minneapolis Police officer was justified in kneeling on Floyd for over nine…MORE

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