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See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Volkswagen and a major German consumer group have reached an agreement in a class action lawsuit over the carmaker's rigging of diesel emissions tests, a court in the northern city of Brunswick said on Friday......»»

Wells Fargo & Co. — the third-largest bank in Central Florida — has agreed to pay $3 billion in a settlement reached with the U.S. Department of Justice and the U.S. Securities and Exchange Commission. The settlement resolves criminal and civil inv.....»»

Wells Fargo & Co. (NYSE: WFC) has agreed to pay $3 billion in a settlement reached with the U.S. Department of Justice and the U.S. Securities and Exchange Commission. The settlement resolves criminal and civil investigations into faulty sales prac.....»»

A banned Thai opposition party on Sunday accused the former military junta of helping cover up Malaysia's multi-billion-dollar 1MDB scandal, urging Thais to demand the truth ahead of a censure debate against Prime Minister Prayuth Chan-ocha......»»

A banned Thai opposition party on Sunday accused the former military junta of helping cover up Malaysia's multi-billion-dollar 1MDB scandal, urging Thais to demand the truth ahead of a censure debate against Prime Minister Prayuth Chan-ocha......»»

Wells Fargo reached a settlement Friday for a massive fake account scandal, in which it admitted to guilt and agreed to pay $3 billion to the Justice Department and Securities and Exchange Commission. Conway G. Gittens details the official announcement......»»

Wells Fargo & Co. said .....»»

The settlement addresses systemic consumer abuses sparked by the bank’s admission in 2016 that it had opened millions of fake accounts customers didn’t want......»»

Wells Fargo & Co has racked up well over $7 billion in penalties since a sales practices scandal erupted in 2016, and continues to face headwinds......»»

Wells Fargo & Co .....»»

Wells Fargo & Co. (NYSE: WFC) has agreed to pay $3 billion in a settlement reached with the United States Department of Justice and U.S. Securities and Exchange Commission. The settlement resolves criminal and civil investigations into faulty sales.....»»

The U.S. Federal Reserve said on Tuesday that it permanently barred a former Goldman Sachs Group Inc executive from the banking industry over his role in Malaysia's multi-billion-dollar 1MDB corruption scandal......»»

Credit Suisse Group AG ignored warnings from its outgoing regional chief executive officer on the risks of lending $2 billion to Mozambique in a scandal that has landed the Swiss bank in a lawsuit and opened up questions about its due diligence......»»

Wells Fargo & Co and its officials have racked up well over $4 billion (3 billion pounds) in penalties since a sales practices scandal erupted in 2016, and continues to face headwinds......»»

Daimler warned its earnings halved in 2019 and it faced further charges of up to 1.5 billion euros ($1.7 billion)related to diesel pollution, in the latest blow to the German luxury carmaker......»»

German luxury carmaker Daimler issued the latest in a procession of profit warnings on Wednesday, hit by costs related to the industry's diesel emissions scandal, heavy investment in electric vehicles and production problems......»»

Group earnings before interest and taxes were EUR5.6 billion in 2019 compared with EUR11.1 billion a year earlier, the German premium car maker said. Figures are preliminary......»»

German luxury car maker Daimler on Wednesday issued its third profit warning for 2019, as costs related to the diesel scandal, heavy investment in electric vehicles and production issues weighed on earnings......»»

Wells Fargo & Co's profit slumped 55% in the fourth quarter as new boss Charles Scharf set aside another $1.5 billion for legal costs related to the bank's sales scandal and promised "fundamental changes.".....»»