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Black-owned banks are booming, and they’re pouring money back into their communities

An estimated $150 million in equity capital has been invested in Black-owned banks since George Floyd was murdered last year, according to the National Bankers Association, a trade group that represents 24 of the country’s minority-owned financial institutions. Those funds have put the nation’s Black banking community in a stronger position today than it was

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Volkswagen’s ex-CEO pays company $14 million over his role in the diesel scandal

Martin Winterkorn has agreed to pay Volkswagen nearly $14 million after an investigation found the former CEO failed to respond properly to signs that the company may have been using illegal diesel engine technology. He also failed to ensure that questions from US authorities about the German carmaker’s 2015 emissions scandal were answered “truthfully, completely

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Biden administration investigates ‘illegal’ leak of Jeff Bezos, Elon Musk and Warren Buffett’s tax information

The Biden administration said Tuesday it is investigating how tax information from several of the world’s richest people — including Jeff Bezos, Elon Musk and Warren Buffett — was leaked to the public. “The unauthorized disclosure of confidential government information is illegal,” said Treasury spokeswoman Lily Adams. “The matter is being referred to the Office

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Tokyo 2020: Australian baseball team pulls out of Olympic qualifiers, citing Covid fears

Australia’s baseball team has pulled out of Olympic qualifiers, citing the “insurmountable” challenge of traveling to Mexico during COVID-19. “Attending the Final Olympic Qualifier in a COVID world was always going to present significant challenges,” Baseball Australia chief executive Glenn Williams acknowledged in a press release Wednesday. The late-June qualifying event was to be held

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