Of the executive committee with allegations of corruption or being involved in inappropriate behavior. Beans that are processed through a cap. And, find out how the u. K. Is beefing up its naval power. First, we begin with a bloomberg exclusive. Jpmorgan may have unwittingly helped bnp paribas violate u. S. Sanctions according to a person familiar. Billionch bank paid 9 for processing dollar transactions for countries such as sudan. Jpmorgan has not been accused of any wrongdoing. Here with more is caroline hyde. Good morning. Walk us through the details. The saga continues. Bnp paribas has admitted guilt. 9 billion euros in terms of what they had to be fined. They were using jpmorgan as well. Unwittingly, jpmorgan was involved in this, helping hide billions of dollars of deals related to banks in sudan, cuba and the like. It was in 2004. Paribasutives in bnp came up with a plan to use jpmorgan. They had already caught the eye of u. S. Regulators. They promised that they would abide. H
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Biden nominates Pete Buttigieg as DOT secretary
3 3,183 2 minutes read New Transportation Secretary Pete Buttigieg is now a powerful figure in the freight community. (Photo: Jim Allen/FreightWaves)
President-elect Joe Biden has nominated former South Bend, Indiana mayor Pete Buttigieg, who dropped out of 2020 presidential campaign earlier this year and endorsed Biden, as secretary of transportation.
“I am nominating him for Secretary of Transportation because this position stands at the nexus of so many of the interlocking challenges and opportunities ahead of us,” Biden said on Tuesday. “Jobs, infrastructure, equity, and climate all come together at the DOT, the site of some of our most ambitious plans to build back better. I trust Mayor Pete to lead this work with focus, decency, and a bold vision he will bring people together to get big things done.”