WASHINGTON, Aug 21 Reuters PayPal39;s stablecoin is likely to succeed where Facebook39;s failed, thanks to the payment giant39;s standing in Washington and policymakers39; greater understanding of the issues in the last three years. PayPal this month said it was launching PayPal USD, a crypto token pegged to the U.S. dollar, making it the second major global […]

Aug 21 Reuters U.S. auto safety regulators said on Monday that they are investigating whether Ford Motor39;s 2022 recall of nearly 49,000 Ford Mustang MachE electric vehicles adequately addressed concerns and whether it should be expanded to more vehicles. Ford issued the June 2022 recall because high voltage battery main contactors may overheat from DC fastcharging and repeated […]

BERLIN, Aug 21 Reuters German auto parts supplier Continental is considering the sale of the car division currently bundled within ContiTech, manager magazin reported on Monday, citing company sources. The possible sale would be part of a wider reorganisation of the company being planned by Supervisory Board Chairman Wolfgang Reitzle and the executive board around CEO […]

NEW YORK, Aug 21 Reuters Goldman Sachs is weighing the sale of a part of its wealth business, it said on Monday, as it shifts its focus back to serving the ultrarich and away from highnetworth clients in mass markets. The Wall Street bank is evaluating alternatives for its registered investment adviser RIA unit, called Personal […]

Aug 21 Reuters Citigroup is considering plans to reorganize the bank39;s biggest division after its leader Paco Ybarra leaves next year, according to a source familiar with the situation. The bank is unlikely to replace Ybarra, the head of its Institutional Clients Group ICG, the source said. Instead, the leaders of its three business segments investment […]