The business of moving cash around the world remains a largely secretive and burdensome specialty. Just three lenders handle the bulk of the global “bank notes” business: Bank of America Corp., Bank of Ireland in Europe and United Overseas Bank Ltd. in Asia.
Subway co-founder and CEO Fred DeLuca, who transformed a small sandwich shop he started as a teenager into the world’s largest fast-food empire, died on Monday night. Cause of death was not released. He was 67.