Topline Joe Lewis, the billionaire owner of English Premier League club Tottenham Hotspur, surrendered to authorities in Manhattan on Wednesday after being charged with insider trading, the U.S. District Attorney’s Office in New York announced, as details emerge about the 86-year-old investor’s alleged nefarious scheme to provide associates with insider information. Key Facts Federal prosecutors charged Lewis on Tuesday with insider trading, alleging the billionaire investor used his position...

Topline Joe Lewis, the billionaire owner of English Premier League club Tottenham Hotspur, pleaded not guilty on Wednesday to charges of insider trading, multiple outlets reported, as details emerge about the 86-year-old investor’s alleged nefarious scheme to provide associates with insider information. Key Facts Federal prosecutors charged Lewis on Tuesday with insider trading, alleging the billionaire investor used his position of power to “repeatedly” offer insider information to business...

Topline Financial giant Chase Bank tweeted Friday some of its customers are seeing duplicate fees and transactions on their checking accounts, though the source of the glitch has not yet been made public. Key Facts The New York-based bank tweeted it’s “working to automatically reverse any duplicates” and adjust any fees its online customers may have incurred. The tweet comes as Chase Bank customers took to social media to report rent and bill payments were taken twice from their accounts, the...

Topline First Citizens Bank will reportedly slash nearly 500 Silicon Valley Bank employees after it acquired the failed California bank, while Meta and Covid-19 test manufacturer Abbott Laboratories also announced jobs cuts Wednesday, marking one of the busiest days of layoffs this spring as recession fears and high inflation continue to push employers to reduce their head counts. Timeline May 24First Citizens chairman and CEO Frank Holding Jr. told employees in an email obtained by Axios...

Topline An eclectic group of lawmakers, including progressive Rep. Alexandria Ocasio-Cortez (D-N.Y.) and far-right Rep. Matt Gaetz (R-Fla.), proposed a bill Tuesday to effectively prevent members of Congress from actively trading stocks—the latest push to stop congressional stock trading, though previous efforts have faced opposition from both parties. Key Facts The Bipartisan Restoring Faith in Government Act, also introduced by Reps. Brian Fitzpatrick (R-Penn.) and Raja Krishnamoorthi...