Barclays has become the latest bank to substantially raise a cap on bonuses for its top bankers, an internal memo seen by Reuters showed on Thursday. The lender's senior bankers will now be able to earn payouts of up to 10 times their base salary, up from a two-to-one ratio previously imposed by the European Union back in 2014 when the UK was a member.

Barclays scraps EU bonus cap for senior bankers

A Wells Fargo executive has been ordered to leave the banking industry after draining tens of thousands of dollars from customer deposit accounts. The Office of the Comptroller of the Currency (OCC) is issuing a consent order against ex-Wells Fargo operations associate manager Cindy M. Flores for violating laws and engaging in unsafe and unsound practices.

$47,646 Drained From Customers’ Accounts at Wells Fargo As Rogue Executive Mounts Year-Long Campaign To Steal Cash: US Bank Regulator

USA TODAY

The Consumer Financial Protection Bureau is looking into the handling of Zelle transactions by big banks, according to a Wall Street Journal report.

Bank of America, Wells Fargo are under investigation for handling of customers funds on Zelle

Big banks in the US are boosting the amount of cash they’re handing to new customers as the fight for deposits intensifies for the first time in years. JPMorgan Chase and Wells Fargo in particular are battling it out to curb deposit flight triggered by the Federal Reserve’s interest rate hikes, reports the Wall Street Journal.

JPMorgan Chase and Wells Fargo Offering $300 Cash As Banks’ Battle for New Deposits Intensifies for First Time in Years: Report

California State

Uber, Lyft, Grubhub and DoorDash scored a major victory in a recent ruling from California's top state court upholding Proposition 22 and the classification of drivers as independent contractors rather than employees. Gig economy companies, as well as drivers who prefer contractor status, think they now have nationwide momentum to...

Uber, Lyft and the gig economy think they've found a way to win the national labor war

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NewsNinja

One Walmart shopper is issuing a warning against buying meat at the massive retail chain—but the reason why isn’t strictly tied to Walmart. It seems that customers at stores such as Walmart believe it's acceptable to grab perishable items, such as meat or dairy, and then place them on any available shelf if they decide they no longer want them.

Walmart customer shares why they will never shop for meat at the store leaving viewers torn

Fortune

The EV leader earlier denied news reports that he would pump $45 million a month into Trump’s campaign

Elon Musk says a Trump presidency ‘would be devastating’ to Tesla’s competitors

CNBC's Megan Cassella joins 'The Exchange' to discuss how venture capitalists are taking sides in the political arena, as the Democrats are seeing an upsurge in their support.

Venture capitalists take sides for 2024 election

MarketRealist

Nicholas Puech, who owned a 5.7% stake in the luxury brand, has claimed he has nothing left in bank.

Hermès heir promised to leave $13 billion fortune to his gardener. Now, the money is gone

Illinois State

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Chicago, IL

Foodie in Chicago

MOD Pizza has over 500 locations across the country with 22 restaurants in Illinois. The Washington-based chain offers fast-casual fare known for its customized, artisan-style pizzas. Customers can choose from over 40 toppings and 8 sauces to create their own masterpiece.

Bankruptcy Looms for Major Pizza Chain With Chicago Suburban Locations

Now that the tokenization industry is seeing investor demand, particularly for U.S. Treasury and money market products, on-chain issuers can start moving up the risk curve in the name of diversification. Tokenized short-term liquidity funds have found product-market fit across institutions, Web 3.0 investment firms, blockchain foundations, and other crypto-native...

The Mortgage Industry Meets Digital Asset Capital Markets

Colorado State

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Aurora, CO

David Heitz

The Aurora Police Department released a statement on Tuesday on social media to clear up misinformation about an incident involving thousands of migrants. “Misinformation has spread on social media regarding the large gathering on Sunday at Gardens on Havana shopping center,” Aurora PD posted on X. “We recognize that Sunday’s incident was disconcerting and alarming for a large number of our residents and citizens. The purpose of this message is to provide the community with accurate information based on what we know right now.”

Law-abiding Venezuelans watch election results in Aurora, leave behind mess

Florida State

Jacksonville Today

Republican Donald Trump has a 7-point lead over Democrat Kamala Harris among Florida voters, 49% to 42%, according to a new poll from the University of North Florida. Four percent are backing another candidate, and 6% are undecided or didn’t answer.

New Florida poll: Trump leads; support strong for abortion and recreational weed

Morristown, NJ

Morristown Minute

JERSEY CITY – Attorney General Matthew J. Platkin and the Division on Civil Rights (DCR) have issued a Notice of Violation to Let’s Celebrate Urban Renewal, LLC, the owner of a six-story apartment building at 503 Garfield Avenue. The building's sole elevator has been out of service since November 2023, allegedly denying residents with disabilities equal access to their homes.

Apartment Building Denies Disabled Access, Faces Legal Action

Tom Rogers, Oorbit Gaming executive chairman and former NBC Cable president, joins 'Squawk Box' to discuss Disney & Warner Bros. Discovery's quarterly earnings results, future of streaming, and more.

Tom Rogers on Disney and Warner Bros. Discovery: Two very different outcomes based on earnings

Devra Lee

Disclaimer: This content was written by Devra Lee for general informational and entertainment purposes only. This service is to provide astrological information that has been researched, recorded, and observed by the author.

Horoscope of the Day, Thursday, August 8th

When Donald Trump first ran for president in 2016, Silicon Valley seemed to widely oppose his candidacy. Fast-forward to 2024, and elites in the region are publicly backing him in droves — but why? According to Mark Cuban, it’s all about cryptocurrency. Suggested Reading. “It’s a bitcoin play,”...

Mark Cuban says Silicon Valley is backing Trump because he would make their Bitcoin worth more

Donald Trump and his Republican allies who saw the market's global sell-off as an opportunity to attack Vice President Kamala Harris' economic record were noticeably quieter as stocks gained back some of their losses. Stocks plunged Monday on investors' recessionary fears spurred by a weak jobs report and worries that...

Trump quiet on markets after stock rebound robs him of 'Kamala Crash' attack line

NEWARK, N.J. – Sixteen individuals have been charged in connection with a widespread "grandparent scam" that defrauded elderly Americans out of millions of dollars. The charges were announced by U.S. Attorney Philip R. Sellinger.

16 Charged in Nationwide 'Grandparent Scam'; Millions Stolen

Uncovering Florida

Most people are guilty of doing it at least once in their lives, many people do it by accident, some do it because they find it fun, and others do it for reasons like honoring loved ones. Regardless of the situation, just about everyone has released a balloon. The difference is that intentionally releasing balloons is now illegal by House Bill 321’s standards.

Law Signed By DeSantis Makes It Illegal To Release Balloons In Florida

NewsBreak

Italy looks like fertile ground for a mega merger deal in banking

\"If you assess individual banks in Italy, it's difficult not to believe that something will happen, I would say, over the next 12 months or so,\"...

"If you assess individual banks in Italy, it's difficult not to believe that something will happen, I would say, over the next 12 months or so,"...

Italy looks like fertile ground for a mega merger deal in banking

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