News for nerds
Italian banker Andrea Orcel has cut his claim against Santander over a rescinded offer to make him chief executive by tens of millions of euros, sources said and a court document seen by Reuters on the eve of a hearing Read more
Deutsche Bank has appointed Joe Salama, its U.S. general counsel, as global head of anti-financial crime and group anti money laundering officer, the bank said in a memo to employees on Tuesday. Germany’s largest lender has been the subject of Read more
Billionaire hedge fund manager Chris Hohn on Tuesday urged Canadian National Railway to abandon its $33.6 billion bid for Kansas City Southern unless the Canadian railroad operator changed its agreement to drop a key feature that could invite more regulatory Read more
The family office run by “Big Short” investor Michael Burry has disclosed a large bearish bet via options on Tesla Inc. Scion Asset Management said in a regulatory filing on Monday that it had put options on 800,100 shares in Read more
Oil settled lower on Tuesday, tumbling from a two-month high after media reports said the United States and Iran have made progress on reviving a deal restricting the OPEC country’s nuclear weapons development, which would boost crude supply. Prices plunged Read more
Digital extortion attempts are returning to their pre-Colonial Pipeline levels, according to data and interviews with some incident responders, suggesting that the upheaval around the hack that paralyzed a major U.S. fuel conduit has yet to curb cybercriminals’ appetite for Read more
Colonial Pipeline’s said its scheduling system was back online on Tuesday after a network outage earlier in the day prevented customers from planning upcoming shipments on the biggest U.S. fuel pipeline. The disruption was caused by efforts by the company Read more