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Record fines for VW, employees indicted in scandal

Six high-level Volkswagen employees have been indicted, and the company has agreed to pay a record $4.3 billion dollar fine in its diesel emissions-cheating scandal. (Jan. 11)   &.....»»

Category: topSource: usatodayJan 11th, 2017

VW Pleads Guilty in Emissions Scandal; 6 Employees Indicted

Six high-level Volkswagen employees have been indicted by a grand jury in the company's diesel emissions cheating scandal, as the company admitted wrongdoing and agreed to pay a record $4.3 billion penalty.....»»

Category: topSource: abcnewsJan 11th, 2017

Volkswagen Pleads Guilty to Criminal Charges in Emissions Scandal

Six executives and employees were indicted for their roles in the cover-up (WASHINGTON)— Volkswagen is plead.....»»

Category: topSource: timeJan 11th, 2017

Record bribery ruling takes Odebrecht fines to $3.5bn

Latin America’s biggest construction company pleads guilty in Petrobras scandal.....»»

Category: topSource: ftDec 21st, 2016

Wells Fargo Scandal: How Politics Put the CEO’s Job in Jeopardy

Wells Fargo may have thought that firing 5,300 employees and paying $185 million in fines for opening some 1.5 million unauthorized accounts and filing 565,000 credit card applications without customers’ knowledge would make its scandal go away, but in .....»»

Category: topSource: yahooSep 18th, 2016

Wells Fargo scandal explained

2 million fake accounts, 5,300 employees fired, $185 million in fines. Christine Romans explains the Wells Fargo fake accounts debacle......»»

Category: topSource: moneycentralSep 14th, 2016

Wells Fargo seeks to shore up reputation in wake of scandal

Wells Fargo & Co scrapped its product sales goals for retail bankers on Tuesday and may take further disciplinary action against its employees in the wake of a fake account scandal that has already led to $190 million in fines and the firing of 5,300 empl.....»»

Category: topSource: moneycentralSep 13th, 2016

Wells Fargo seeks to shore up reputation in wake of scandal

Wells Fargo & Co scrapped its product sales goals for retail bankers on Tuesday and may take further disciplinary action against its employees in the wake of a fake account scandal that has already led to $190 million in fines and the firing of 5,300 empl.....»»

Category: topSource: moneycentralSep 13th, 2016

Wells Fargo scandal explained

2 million fake accounts, 5,300 employees fired, $185 million in fines. Christine Romans explains the Wells Fargo fake accounts debacle......»»

Category: videoSource: cnnSep 13th, 2016

Esrey, LeMay lose in $159M tax shelter lawsuit against IRS

Former Sprint executives Bill Esrey and Ron LeMay lost a $159.4 million lawsuit accusing Internal Revenue Service employees of costing the two their jobs related to a 2003 tax shelter scandal. Reuters reports that a federal district court judge in.....»»

Category: topSource: bizjournals10 hr. 30 min. ago

Samsung shareholders welcome stock price gains, regret scandals

Five Samsung executives have been indicted on bribery and other charges linked to the scandal.....»»

Category: topSource: business-standard13 hr. 0 min. ago

BMW, Porsche eye higher profit despite uncertainty

BMW aims to achieve record sales volumes, revenues and earnings this year by ramping up SUV production. As Sonia Legg reports, it's German rival Porsche also expects a jump in profits this year as VW pushes to overcome its diesel emissions scandal......»»

Category: videoSource: reutersMar 21st, 2017

Brazil's Largest Food Companies Raided in Tainted Meat Scandal - New York Times

New York TimesBrazil's Largest Food Companies Raided in Tainted Meat ScandalNew York TimesA butchery in São Paulo. Investigators said employees.....»»

Category: topSource: googlenewsMar 17th, 2017

Is there a Wells Fargo–style bank cross-selling scandal breaking in Canada?

CBC says an investigation has drawn more than 1,000 emails from employees at the big 5 Canadian banks, complaining of the pressure on them to sell products their clients don’t need......»»

Category: topSource: moneycentralMar 16th, 2017

Is there a Wells Fargo–style bank cross-selling scandal breaking in Canada?

CBC says an investigation has drawn more than 1,000 emails from employees at the big 5 Canadian banks, complaining of the pressure on them to sell products their clients don’t need......»»

Category: topSource: moneycentralMar 16th, 2017

Are Canadian banks headed toward a Wells Fargo–style scandal over sales tactics?

CBC says an investigation has drawn more than 1,000 emails from employees at the big 5 Canadian banks, complaining of the pressure on them to sell products their clients don’t need......»»

Category: topSource: marketwatchMar 15th, 2017

Is there a Wells Fargo–style bank cross-selling scandal breaking in Canada?

CBC says an investigation has drawn more than 1,000 emails from employees at the big 5 Canadian banks, complaining of the pressure on them to sell products their clients don’t need......»»

Category: topSource: marketwatchMar 15th, 2017

Georgia Senate adopts record $25B state budget

The Georgia Senate unanimously approved a record $25 billion state budget Wednesday that would give pay raises to teachers and state employees. The fiscal 2018 budget, which takes effect July 1, includes $160.1 million for 2 percent increases for t.....»»

Category: topSource: bizjournalsMar 15th, 2017

"We Are All Doing It": Thousands Of Canadian Bankers Admit Lying To Customers To Boost Sales

Several days after shares of Canada's TD Bank tumbled following reports that its employees were engaging in practices similar to those which led to a major scandal at Wells Fargo, which cost CEO John Stumpf his job and led to bonus clawbacks and numer.....»»

Category: blogSource: zerohedgeMar 15th, 2017

"We Are All Doing It": Thousands Of Candian Bankers Admit Lying To Customers To Boost Sales

Several days after shares of Canada's TD Bank tumbled following reports that its employees were engaging in practices similar to those which led to a major scandal at Wells Fargo, which cost CEO John Stumpf his job and led to bonus clawbacks and numer.....»»

Category: blogSource: zerohedgeMar 15th, 2017

U.S. House bill threatens employees with fines if they refuse to undergo genetic testing

Employees who refuse to be genetically tested could face penalties under a bill being proposed by the U.S. House, with potential fines of as much as 30 percent of the total cost of an employee’s health insurance if they do not comply with an employ.....»»

Category: topSource: bizjournalsMar 14th, 2017