Air Canada agrees to $4.5 mln settlement over delayed U.S. passenger refunds

Air Canada (AC.TO) has agreed to a $4.5 million settlement to resolve a U.S. government investigation into claims thousands of air passenger refunds were delayed, the Transportation Department said. The proposed settlement, which still must be approved by an administrative law judge, would resolve the U.S. Transportation Department investigation into what it said were “extreme […]

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AmEx terminates some employees for inappropriately pitching certain products

American Express Co (AXP.N) said on Monday it had terminated some employees of its global commercial services division for inappropriately pitching some products, with respect to tax benefits. The company said the issue primarily involved Premium Wire, which enables businesses to send wire payments globally, and that it had hired a law firm to investigate […]

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Cryptocurrencies post inflows in latest week, led by bitcoin -CoinShares

Cyrptocurrency products and funds posted inflows in the latest week, with investors undeterred by the latest price corrections, weekly data from digital asset manager CoinShares showed on Monday. Institutional investors poured in $154 million in the crypto sector in the week ended Nov. 19, with a year-to-date total of $9.2 billion, already exceeding total inflows […]

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Investment funds buy $18.193 billion 10-year note in November

Large investment managers bought $18.193 billion at a 10-year note auction held in November, compared with the $19.895 billion they purchased the previous month, data from the U.S. Treasury Department released on Monday showed. Overseas investors, another major group of holders of U.S. government debt, bought $14.134 billion of the latest 10-year supply, compared with […]

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