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Citigroup CEO Jane Fraser could cut 10% of workforce

The banking titan could lay off thousands of staffers as part of its so-called "Project Bora Bora." ....

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Suspicion of embezzlement: U.S. authorities are apparently investigating Tesla

U.S. authorities are apparently investigating whether Tesla CEO Elon Musk used company funds to build a private property made of special glass. According to the newspaper, employees are said to have spoken of a house for Musk in the case of the construction project. Both the prosecutor's and the SEC's investigations are still at an "early stage" and do not necessarily have to lead to an indictment, the report said. Back in July, the Wall Street Journal reported that Tesla's board of directors was investigating whether company funds had been misused for the project. ....

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