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United Airlines Announces Executive Staff Cuts

PYMNTS

The officer-level executives work on the airline’s network, regional hubs and as airline representatives to the communities they serve, the network said. While the number of travelers has grown slightly in the last month, data from the Transportation Security Administration ( TSA ) showed 87 percent fewer people passed through U.S.

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State Street Agrees To Pay $35M To Settle SEC Charges

PYMNTS

The Securities and Exchange Commission (SEC) announced that financial services company State Street has agreed to pay more than $35 million to settle charges that it fraudulently charged secret markups. Treasury securities. Levenson, director of the SEC’s Boston regional office, the department which investigated the overcharges.

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Luckin Coffee Execs Fired After Fraud Probe

PYMNTS

In a filing with the Securities Exchange Commission (SEC), the board said the agency should not rely on the company’s recent financial statements, which are believed to be inaccurate. A special committee at Luckin hired Chicago-based law firm Kirkland & Ellis as counsel and FTI Consulting of Washington, D.C.

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CRE Credit Risk – What You Need To Know Now

South State Correspondent

CRE Risk Background While ten years ago, community and regional banks use to make up some 55% of the CRE market, in 2023, these banks now compose approximately 72% (below). The little liquidity left in commercial real estate is in major markets such as Los Angeles, Chicago, New York, and D.C.

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Five At Five: Amazon Might Buy Movie Theaters

PYMNTS

Uber Secures $2.8B Once completed, the new center will serve as a regional hub for Sam’s Club online orders and will cover several hundred miles around Chicago. Amazon is reportedly going up against other suitors to purchase the movie theater chain from Wagner/Cuban Cos. Sources said that Wagner/Cuban Cos. In Q2 Revenue.

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CRE risk management: Navigating hazards and opportunities

Abrigo

Banks and thrifts hold half of all outstanding CRE debt through the second quarter, with insurance companies accounting for 12% and commercial mortgage-backed securities holding 14%, according to Trepp. The point is this: There’s a lot of these surveys, and when you read them, they are New York City, San Francisco, Chicago.

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Is the GDPR Encouraging Phishing Scams?

PYMNTS

Security Boulevard reported this week (June 6) that in the wake of the new digital security rule taking effect, criminals were quick to use it to their advantage. A phishing scam purporting to come from Apple is the most popular that we’ve seen,” Security Boulevard said. “It