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Wells Fargo faces tighter controls as U.S. regulator reverses course

By Patrick Rucker WASHINGTON (Reuters) – A leading U.S. bank regulator on Friday reversed course and positioned the agency to claw back pay of former executives at Wells Fargo & Co after a phony-accounts scandal

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Wells Fargo faces tighter controls as U.S. regulator reverses course

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GE to merge oil unit with Baker Hughes to create service giant

General Electric Co said on Monday it would merge its oil and gas business with Baker Hughes Inc , creating the world's second-largest oilfield services provider as competition heats up to supply more-efficient products and services to the energy industry after several years of low crude prices. The deal to create a company with $32 billion in annual revenue will combine GE's strengths in making equipment long-prized by oil producers with Baker Hughes's expertise in drilling and …

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GE to merge oil unit with Baker Hughes to create service giant

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Wells Fargo agrees to $50 million settlement over homeowner fees

Wells Fargo & Co has agreed to pay $50 million to settle a racketeering lawsuit accusing it of overcharging hundreds of thousands of homeowners for appraisals ordered after they defaulted on their mortgage loans. The proposed settlement, which requires court approval, was disclosed in a filing on Friday in an Oakland, California federal court. Wells Fargo's settlement of the lawsuit comes as the bank is still recoiling from a scandal over sales targets that drove employees

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Wells Fargo agrees to $50 million settlement over homeowner fees

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Takata failed to report 2003 air bag rupture to U.S. road authority

By David Shepardson and Paul Lienert WASHINGTON/TOKYO (Reuters) – Japanese air bag supplier Takata Corp said it failed to inform the U.S. auto safety agency of a 2003 rupture of one of its air bag inflators …

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Takata failed to report 2003 air bag rupture to U.S. road authority

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Former employees file class action against Wells Fargo

Two former Wells Fargo & Co employees have filed a class action in California seeking $2.6 billion or more for workers who tried to meet aggressive sales quotas without engaging in fraud and were later demoted, forced to resign or fired. The lawsuit on behalf of people who worked for Wells Fargo in California over the past 10 years, including current employees, focuses on those who followed the rules …

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Former employees file class action against Wells Fargo

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Wells Fargo faces proposed class action over bogus accounts

Wells Fargo & Co, embroiled in a scandal over the opening of sham accounts, was sued on Friday by customers who accused the bank of fraud and recklessness for its behavior. The lawsuit was filed in the U.S. District Court in Utah, and seeks class-action status on behalf

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Wells Fargo faces proposed class action over bogus accounts

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Google to buy software developer Apigee for $625 million

By Julia Love and Natalie Grover SAN FRANCISCO (Reuters) – Alphabet Inc's Google said on Thursday it is acquiring software developer Apigee Corp in a deal valued at about $625 million, the tech giant’s latest effort to claim a greater share of the lucrative cloud

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Google to buy software developer Apigee for $625 million

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Wells Fargo will pay $190 million to settle customer fraud case

“Wells Fargo reached these agreements consistent with our commitment to customers and in the interest of putting this matter behind us,” the bank said of its settlement with California prosecutors and federal regulators. The Consumer Financial Protection Bureau will receive $100 million of the total penalties – the largest fine ever levied by the agency, which was conceived after the 2008 financial crisis. “Today's action should serve notice to the…

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Wells Fargo will pay $190 million to settle customer fraud case