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NEW YORK (AP) — Citigroup's Jane Fraser will become the first woman ever to lead a Wall Street bank when she succeeds CEO Michael Corbat in February. The New York bank announced the succession Thursday. Fraser is currently head of Citi's global consumer banking division, a major part of the bank that oversees checking and savings accounts but also Citi's massive credit card business. For 16 years, Fraser has worked in various departments within Citi:- 2015-19: Chief Executive Officer of Citi’s Latin American region.- 2013-15: Chief Executive Officer of the U.S. Consumer and Commercial Banking and CitiMortgage. - 2009-13: Chief Executive Officer of Citi's Private Bank. - 2007-09: Global Head of Strategy and Mergers & Acquisitions.In 2004, she joined the company in its Corporate and Investment Banking division.She previously worked at McKinsey & Company, Goldman Sachs, and Asesores Bursátiles.Fraser also serves as a member of the Board of Dean’s Advisors at Harvard Business School and Stanford University’s Global Advisory Council. She's also a member of the Council on Foreign Relations.She earned her M.B.A. from Harvard Business School and an M.A. in economics from Cambridge University.Fraser's climb to the CEO role is a major accomplishment in an industry long dominated by men. Corbat led Citigroup for eight years, rebuilding the company after it nearly collapsed during the Great Recession and 2008 financial crisis.Corbat had been with the company for 37 years. 1500

NEW YORK (AP) — Century 21 Stores, a destination for bargain hunters looking for fat deals on designer dresses and shoes for nearly 60 years, has filed for Chapter 11 bankruptcy.The retail chain says it’s winding down its business, including all 13 stores across New York, New Jersey, Pennsylvania and Florida.Century 21 joins more than two dozen retailers who have filed for bankruptcy since the pandemic which forced non-essential stores to temporarily close.Century 21 said that the decision followed nonpayment by the company’s insurance providers of about 5 million due under policies put in place to protect against losses stemming from business interruption.That insurance money helped it rebuild its downtown Manhattan flagship store after it was damaged by the 9/11 attacks. 794

NEW YORK, N.Y. -- The New York Police Department has launched a first-of-its-kind task force to tackle the rise in hate crimes committed against Asian Americans amid the COVID-19 pandemic.“I’m from Malaysia but I’ve been here 30 some years,” Mei Chau explained from her loft apartment in New York City.Chau is a chef and owner of Aux Epices, a French Malaysian restaurant in New York’s Chinatown. “It’s actually a French name. It’s called with spice.”Due to COVID-19, regulations and a lack of tourists, Chau was forced to close her doors in June.“At the same time, I'm also glad that I closed because of the difficulty that I have to face,” she explained. Aux Epices is just one of the many businesses lining Chinatown’s streets that’s been hit hard, in more ways than one.“When the first news came out saying, Oh this came from China, of course right away we’re like, oh is this going to affect us?” Chau explained. “And of course it affected us.”Chau says businesses in Chinatown started closing, one by one.“As with any pandemic, we have people that would like to blame another group for the issue and this time is no exception,” said Wellington Chen, Executive Director of the Chinatown Partnership. “We understand, we’re sensitive to the pain, the loss, the death and the loss of job, the economic devastation. But we are in it just as much as anybody else.”Chen said Chinatown doesn't have enough visitors to recover. Normally packed streets are empty, but worry over another issue fills the air.“The number of anti-Asian harassment or hate crime has risen since the pandemic broke in Wuhan,” he said.That didn’t go unnoticed.“As far as I know, we are the first police department to have an Asian hate crime task force,” said Stewart Loo, the Commanding Officer of the New York Police Department’s Asian Hate Crime Task Force. The unit was announced in May to tackle the rise in hate crimes against Asian Americans. The agency has investigated 26 cases this year, up from three last year.It’s something Officer Loo has personally experienced. “When I was 7 years old, I immigrated to America with my mom and my dad. When we got here, my dad took a job delivering Chinese food in Manhattan North, and during his time here, on more than one occasion, he was a victim of robbery,” he said. “We had to go through the process on the other side without having somebody that speaks our language.”“There is a lot of mistrust in the police department, especially in the Asian community, where the general public doesn't like to get involved too much even when they are victims of a crime,” Task Force Officer Jacky Wong said.They both explained breaking down the language barrier will help, as it did in Officer Wong’s first case.“I spoke to her in Cantonese, so I built a little rapport with her,” he said. “She was able to give us information that led to identifying those two suspects, which led to their apprehension.”“I’m glad the city is sending out this task force,” Chau said. “I won’t venture out to some place I’m not familiar, because it is, the fear it's there.”Not everyone believes police involvement is the right answer.“I think that the task force might be a band aid solution for the problem," said Jennifer Wang, Deputy Director of Programs for the National Asian Pacific American Women's Forum. The organization was one of 26 Asian American organizations in New York that signed a letter saying they were against the creation of the task force.“The problem at its core might actually be that Asian Americans, we are a community of color and it’s very hard to trust that law enforcement will protect us,” Wang said.“Personally I would have never called the police in any of these situations I have encountered,” said Allison Park, also part of the Women’s Forum. She shared a few of her experiences from back in February. “I was on the subway and a group of I believe to be middle schoolers started coughing on each other and began shoving each other toward me. This really would not have been as big of a deal for me if it hadn't been for two prior incidents I had in San Francisco and [Washington] D.C.” she said.The task force aims to create a better, more understanding culture around reporting hate crimes.“This is absolutely very important for people that are victimized to come forward and press charges, because you could prevent another hate crime down the road,” Wong said.“To change people’s mind is not one day to another,” Chau said. 4470

NEW YORK (AP) - Equifax is saying that an additional 2.4 million Americans were impacted by last year's data breach, however these newly disclosed consumers had much less personal information stolen. 207

NEW YORK (AP) — Organizers of a national workers strike say tens of thousands are set to walk off the job Monday morning in more than two dozen U.S. cities, to protest systemic racism and economic inequality that has only worsened during the coronavirus pandemic. Dubbed the “Strike for Black Lives,” essential workers such as nursing home employees, janitors and delivery men and women will join fast food, ride-share and airport workers in events targeting corporations and government leaders. Where work stoppages are not possible for a full day, participants will either picket during a lunch break or observe moments of silence to honor Black lives lost to police violence, organizers said.Strikers are demanding sweeping action by corporations and government to confront systemic racism and economic inequality that limits mobility and career advancement for many Black and Latino workers, who make up a disproportionate number of those earning less than a living wage.Major actions are expected in New York City, Chicago, Minneapolis, St. Louis and Los Angeles. 1076