The Federal Reserve on Tuesday voted to scrap a near-$2 trillion asset cap imposed on Wells Fargo over a 2016 scandal that uncovered millions of fake accounts and other consumer abuses. The decision closes the door on a decade of regulatory woes for the nation’s fourth-largest lender and is a major victory for Wells Fargo CEO Charlie Scharf — allowing the bank to pursue growth by boosting loans, stepping up its Wall Street business and doing deals. Scharf was hired in 2019 to clean up the mess after the firm was hit by billions of dollars in fines. The Fed…

Have an upcoming event to highlight? Send details a month in advance to cleach@herald-leader.com, or list your event at kentucky.com/events.Between the return of WWE to Lexington, the Bluegrass Fair and local festivals, there are plenty of events to add to the calendar for June.Here is a summary of events you…

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As media giants grapple with rising interest rates, regulatory pressure, and tariff uncertainty, consolidation is on pause — at least for now. Starz sees opportunity in the chaos. The newly independent premium cable and streaming network is positioning itself to potentially acquire distressed assets and provide tech support to traditional…

Citigroup said Tuesday it was rolling back a 2018 policy that placed restrictions on providing banking services to retail clients selling firearms, citing recent regulatory developments. Since the Trump administration took office in January, US banks and regulators have come under scrutiny from lawmakers over allegations of denying services to certain industries or…

The Knicks are firing Tom Thibodeau in a shocking move to begin their offseason. The move comes on the heels of the Knicks making the Eastern Conference Finals for the first time in 25 years, a series they lost to the Pacers in six games. According to The Post’s Stefan…

SEOUL, South Korea (AP) — Liberal candidate Lee Jae-myung is forecast to win South Korea’s snap presidential election, a joint exit poll on Tuesday showed, two months after his archrival and then conservative President Yoon Suk Yeol was removed from office over his short-lived imposition of martial law.The exit poll by South Korea’s…

Cartier, the luxury jewelry company owned by Richemont, had its website hacked and some client data stolen, it told customers, according to an email seen by Reuters on Tuesday. The attack is the latest case of a company being targeted by cyber criminals, with several retailers including Marks & Spencer and Victoria’s…

Victoria’s Secret is postponing the release of its quarterly earnings following a security breach that disrupted the popular lingerie brand’s corporate operations and led it to take down its US shopping site for several days last week. In a Tuesday update, Victoria’s Secret said it first detected a “security incident involving its information technology…

Yankees promotions have brought two intriguing starting pitchers closer to the majors. The Yankees have bumped up Cam Schlittler and Carlos Lagrange one level, Schlittler rising to Triple-A Scranton/Wilkes-Barre and Lagrange to Double-A Somerset. Schlittler is now one step away from The Bronx after a strong 2024, a nice showing…

“AI is coming for your job.”  You’ve probably been hearing this for months, or even years, but now it’s happening.  Many questions remain unanswered – how will it happen? And what are the jobs AIs are already taking?  Associate Professor of employment law at the University of Technology Sydney, Giuseppe Carabetta,…

Iowa’s Republican senator says gutting Medicaid is no worry because “we all are going to die.” Voters seem to disagree. Ad Policy Senator Joni Ernst (R-IA) arrives for a Senate Armed Services Committee confirmation hearing on Tuesday, May 13, 2025.(Tom Williams / CQ-Roll Call, Inc via Getty Images) US Representative…

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