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Citigroup to pay $15 million to settle U.S. compliance charges

A unit of Citigroup Inc (C.N) will pay $15 million to settle civil charges alleging it failed to enforce policies designed to prevent and detect insider trading, U.S. regulators said. Wednesday's settlement with the Securities and Exchange Commission marks the second time this week that Citig...

Bank of NY Mellon sued by U.S. regulator over $2 billion in soured mortgages

A U.S. regulator sued Bank of New York Mellon Corp (BK.N) on Wednesday over $2.06 billion in residential mortgage-backed securities purchased by a failed Texas bank, and accused it of breaching its duties as bond trustee to protect investors. In a complaint filed in Manhattan federal court, the F...


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Utah Rotor Pathway Program Receives $1.1 Million Grant

The Utah State Legislature recently approved a Strategic Workforce Initiative grant to Southern Utah University to support the growth of the Utah Rotor Pathway Program, a government-industry-educ...

Avia Solutions Group has finalized the acquisition of Bluebird Nordic

On the 24th of January 2020, Avia Solutions Group signed an agreement with BB Holding EHF for the full acquisition of Bluebird Nordic, which entails a 100% stake ownership of the company’s share...

FACC confirms the results for FY 2019 and sets the course for the time after Corona

The previously reported results for the short fiscal year 2019 (1 March - 31 December) are unchanged after completion of the audit. New orders worth USD 800 million will help offset impending market c...

How much air transport industry will lose due to COVID-19

IATA updated its analysis of the revenue impact of the COVID-19 pandemic on the global air transport industry. Owing to the severity of travel restrictions and the expected global recession, IATA...

Actions to adapt to the current crisis: Safran

The Board of Directors of Safran (Euronext Paris: SAF) under the Chairmanship of Ross McInnes, met on March 26, 2020 to consider an action plan prepared by Executive Management in response to the impa...