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Private equity banker 'paid himself and his team a £6.3m bonus as they jumped ship to a rival firm

A private equity banker handed himself and his team a £6.3million bonus as they plotted a secret move to a rival firm, a court has heard. Adam Wheeler is at the centre of a High Court battle over ...
The Hill

Oracle to secure, retrain TikTok’s algorithm in Trump administration deal

Technology company Oracle will provide security for the new TikTok entity in the United States, following the President Trump-backed deal to allow the social media company to keep operating in the U.S ...
The New York Times

U.S.-Run TikTok to License Algorithm, White House Says

The change is part of a deal to bring TikTok under U.S. ownership to avert a looming ban. By Emmett Lindner and Lauren Hirsch The software giant Oracle will oversee the security of Americans’ data and ...
NBC Washington

TikTok's algorithm and data will be controlled ‘by America,' White House says

White House press secretary Karoline Leavitt on Saturday revealed details of a deal reached with China over control of TikTok, sharing that six Americans will sit on the seven-seat board. White House ...
Forbes

TikTok’s Algorithm And Board Will Be U.S.-Controlled In Deal With China, White House Says

TikTok’s algorithm and board of directors will be “controlled by America” as part of a deal reached with China earlier this week, White House press secretary Karoline Leavitt said Saturday, following ...
CNN

China allows American banker placed under exit ban to leave country following discussions with US

An American banking executive who had been banned from leaving China was allowed to leave the country after discussions between Washington and Beijing and ahead of a potential meeting between ...
Yahoo

US wins release of Wells Fargo banker barred from leaving China, sources say

BEIJING (Reuters) - A Wells Fargo banker, Chenyue Mao, who had been barred from leaving China for several months, has been allowed to return to the United States following negotiations between U.S.
NBC Washington

What to know about TikTok, its algorithm, and the U.S.-China deal to keep it running

A central question to TikTok's potential shutdown saga has been whether the popular social video platform would keep its algorithm — the secret sauce that powers its addictive video feed — after it's ...
9to5Mac

American TikTok spinoff agreed; will still use Chinese algorithm

Both US and Chinese officials are stating that an agreement has been reached for an American TikTok spin-off to be sold to American investors. It’s not the first time the Trump administration has ...
Ars Technica

“China keeps the algorithm”: Critics attack Trump’s TikTok deal

TikTok will not shut down on Wednesday, as President Donald Trump inches nearer to closing a deal with China that will most likely see the app's majority ownership shift to US owners and US-based ...
Evansville Courier & Press

Ex-Evansville banker sentenced to prison after stealing from customers

EVANSVILLE – A former Evansville banker has been sentenced to 30 months in prison and three years of supervised release after pleading guilty to stealing more than $150,000 from customer accounts ...