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Wells Fargo will pay $190 million to settle customer fraud case
September 8, 2016 by creative · Leave a Comment
“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
illinois
Twinkies maker Hostess to go public under new owner
July 6, 2016 by publisher · Leave a Comment
The Kansas City, Missouri-based snack cake company, which was founded in 1919, will be acquired by Gores Holdings Inc , a special purpose acquisition company (SPAC). Including debt, the total value of the deal is about $2.3 billion, Hostess said. The company's products, especially the golden, cream-filled Twinkies cakes, are ingrained in American pop culture and have long been packed in children's lunch boxes.
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Twinkies maker Hostess to go public under new owner