Regional lender New York Community Bank finds itself in an apparently worsening predicament, just as the anniversary of last year’s banking turmoil nears. Shares of the troubled lender plunged 25% Friday to below $4 apiece after NYCB restated recent quarterly earnings lower by $2.4 billion, formally replaced its CEO and delayed the release of a key annual report. The most worrying development, though, is directly tied to investors’ fears about commercial ...

Chrysler is recalling more than 338,000 recent-model Jeep Grand Cherokees because they may have faulty steering components. In a letter posted Tuesday on the National Highway Traffic Safety Administration’s website, Chrysler said the affected vehicles’ upper control arm ball joints and steering knuckles may separate, causing a wheel to fall outward and resulting in a loss of vehicle control. The ...

Chrysler is recalling more than 338,000 recent-model Jeep Grand Cherokees because they may have faulty steering components. In a letter posted Tuesday on the National Highway Traffic Safety Administration’s website, Chrysler said the affected vehicles’ upper control arm ball joints and steering knuckles may separate, causing a wheel to fall outward and resulting in a loss of vehicle control. The ...

Green Dot Bank, best known for partnering with Walmart to provide basic digital banking services to customers, said it has received a proposed consent order from the Federal Reserve over allegedly faulty consumer protection and anti-money laundering practices. In a filing this week, Green Dot said the consent order — a type of agreement with a regulator that can entail ...

General Motors has expanded an earlier recall of its trucks over a faulty tailgate to include 820,000 vehicles sold in the U.S. and Canada. In a recent letter posted on the National Highway Traffic Safety Administration’s website, GM said 570,434 trucks may be affected by the issue, which may cause tailgates to inadvertently unlatch as a result of a short-circuit ...

The Biden administration’s move Monday to try to block the $24.6 billion deal to combine Kroger and Albertsons supermarket chains came as no surprise. This White House has launched some of the most aggressive antitrust policies in living memory. The Federal Trade Commission’s lawsuit holds big stakes for the grocery industry, millions of shoppers and hundreds of thousands of store ...

The Biden administration’s move Monday to try to block the $24.6 billion deal to combine Kroger and Albertsons supermarket chains came as no surprise. This White House has launched some of the most aggressive antitrust policies in living memory. The Federal Trade Commission’s lawsuit holds big stakes for the grocery industry, millions of shoppers and hundreds of thousands of store ...

WK Kellogg CEO Gary Pilnick’s cost-saving suggestion of eating cereal for dinner has yet to win over consumers who are feeling the strain of grocery prices. Pilnick posed buying cereal for dinner to save money on groceries in an appearance on CNBC’s “Squawk on the Street” Feb. 21. He was responding to a question regarding how high food prices are and how more ...

If you’re a TSA PreCheck member traveling on United Airlines via Chicago’s O’Hare or Los Angeles international airports, life just got a bit easier. United recently updated its website to show that ‘Touchless ID’ technology, which lets users go through security just by scanning their faces and without having to show physical IDs or boarding passes, is now available at ...

Lawyers for Sam Bankman-Fried, the former head of the collapsed cryptocurrency exchange FTX, have requested a sentence of just five to six years in prison in the wake of his conviction last year on seven counts of fraud. U.S. probation officials have recommended a sentence of 100 years for Bankman-Fried’s role in orchestrating what prosecutors described as an elaborate, multibillion-dollar ...