Customers SunTrust Bank have experienced three days of outages and difficulties from its online banking services, a particular problem for its customers in North and South Carolina who are currently dealing with Hurricane Florence.
SunTrust’s online banking services went down on Sunday morning after a routine technical upgrade. The bank said Tuesday that most services have been restored but some customers are still experiencing issues. The bank says it will refund any ATM or overdraft fees incurred by customers during the outage and branches still are operating normally, with the exception of a handful of branches located in North Carolina impacted by the storm.
“We apologize to our clients and regret the frustration this has caused,” a bank spokeswoman said in a statement.
While large banks on occasion have online banking outages, it is uncommon for those outages to last more than a day.
Atlanta-based SunTrust is the 12th largest bank in the U.S., and the second biggest bank in Chattanooga.
Back to its roots for Ferrari brand
Ferrari is paving its way to future growth with a look to its roots.
The company’s new CEO, Louis Camilleri, unveiled a new business plan Tuesday that includes reviving iconic models and embedding them with Formula One technology.
Significantly expanding Ferrari’s electric-gasoline hybrid powertrain offering and affirming plans to introduce a utility vehicle that hews to the brand’s performance levels, Camilleri laid out his ambitions for a company he took over only in July following the death of long-time CEO and chairman Sergio Marchionne.
“Our objectives are ambitious, but they are based on a meticulously constructed model pipeline, our enviable pricing power and appropriate investment levels,” Camilleri told investors.
Under a five-year plan, Ferrari is planning to launch an unprecedented 15 new models, targeting revenues of around 5 billion euros ($5.8 billion) by 2022, up from 3.4 billion euros last year. Camilleri refused to set production forecasts beyond this year’s 9,000 units but made clear the automaker was targeting an expanding pool of wealthy customers for growth, especially in China.
Tesla cooperating with Justice probe
Tesla said on Tuesday that the Justice Department had contacted the company for information after its chief executive, Elon Musk, abruptly announced that he had lined up funding to take the electric-car maker private.
The request for information appears to indicate that the department has opened an investigation into Musk’s market-moving Twitter post on Aug. 7 about the potential buyout.
Tesla said it received the information request last month and “has been cooperative in responding to it.” It released the statement after Bloomberg News reported that federal prosecutors had begun an investigation.
The Justice Department move comes as the Securities and Exchange Commission conducts a wide-ranging investigation into Tesla, including Musk’s tweet, in which he said he had “funding secured” to take the company private for $420 a share. That tweet blindsided Tesla’s board and ignited a rally in Tesla’s shares.
Musk said later that month that he was shelving the idea of converting Tesla into a private company.
Tesla said Tuesday that the Justice Department’s request was not a subpoena but rather a “voluntary request for documents.” The company added: “We respect the DOJ’s desire to get information about this and believe that the matter should be quickly resolved as they review the information they have received.”