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The bank updated disclosures on issues it discovered in auto lending, saying it had tacked on an additional $241 million for customer compensation on top of the $212 million announced earlier, related to a practice where it forced customers auto insurance that in some cases resulted in vehicle repossessions cufflinks argos uk sale. The bank has since discontinued that practice. (This story corrects to say the bank added an additional $241 million for customer compensation, not increased it to $241 million in penultimate paragraph.)..

NEW YORK (LPC) – Elon Musk’s Space Exploration Technologies Corp, known as SpaceX, is looking to line up a $750 million leveraged loan, sources said. Bank of America Merrill Lynch is leading the transaction. A lenders presentation will be held by the SpaceX management team on November 7 cufflinks argos uk sale. SpaceX makes rockets and spacecraft. The company was founded by Elon Musk in 2002 as a way to help humans live on other planets. The Hawthorne, Calif.-based company now employs more than 6,000 people, according to its website. Elon Musk is also the chief executive of luxury electric car maker Tesla Motors Inc..

FRANKFURT (Reuters) – Prosecutors searched the Munich offices of BlackRock (BLK.N) on Tuesday, a person with knowledge of the matter said, as part of the country’s largest post-war fraud investigation cufflinks argos uk sale. The practice being investigated, known as cum-ex, typically involved trading company shares rapidly around a syndicate of banks, investors and hedge funds to create the impression of numerous owners, each of whom was entitled to a tax rebate. A BlackRock spokesman said the world’s biggest fund manager was “fully cooperating with an ongoing investigation relating to cum ex transactions in the period 2007-2011”..

BlackRock’s inclusion is significant because it oversees more than $6.4 trillion in assets, including company shares which it lends to banks as part of its business. State prosecutors in Cologne declined to comment on the search of BlackRock, which came as Germany’s finance minister, Olaf Scholz, urged Europe to tighten cooperation against abusive tax schemes, after Reuters and other media revealed sham trading deals that cost taxpayers billions of euros cufflinks argos uk sale. Numerous banks and investors are already being investigated over the sham trading..

BlackRock’s chairman in Germany, Friedrich Merz, who has helped secure its influence in Europe’s industrial powerhouse, took his current role in 2016 — after the period being investigated — and has condemned illicit dividend stripping cufflinks argos uk sale. Merz has taken an early lead in the race to succeed Angela Merkel as leader of Germany’s Christian Democrats and secure the chance of running for chancellor as soon as next year. Cologne prosecutors also searched offices of Unicredit’s (CRDI.MI) HypoVereinsbank to gather evidence in proceeding against other suspects, a source close to the matter said..