largest

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 entire industry that financial incentive programs, if not monitored carefully, carry serious risks that can have serious legal consequences,…

Read the original: 
Wells Fargo will pay $190 million to settle customer fraud case

largest

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…

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

largest

U.S. finds unapproved emissions software in VW Audi engines – Bild am Sonntag

U.S. authorities have found three unapproved software programs in 3.0 liter diesel engines made by Volkswagen's Audi unit, German weekly Bild am Sonntag reported, without saying where it had obtained the information. The software allowed the turbocharged direct injection (TDI) engines used in Audi's Q7, Porsche's Cayenne and VW's Touareg models to shut down emissions control…

Original post:
U.S. finds unapproved emissions software in VW Audi engines – Bild am Sonntag

largest

China’s July forex reserves fall to $3.20 trillion

China's foreign exchange reserves fell to $3.20 trillion in July, central bank data showed on Sunday, in line with analyst expectations. China's reserves, the largest in the world, fell by $4.10 billion in July. The reserves rose $13.4 billion in June, rebounding from a 5-year low in May. China's

The rest is here: 
China’s July forex reserves fall to $3.20 trillion

largest

U.S. new home sales drop from eight-year high

New U.S. single-family home sales fell in May from a more than eight-year high amid weakness in three regions, but the overall housing market remains intact. The Commerce Department said on Thursday new home sales dropped 6.0 percent to a seasonally adjusted annual rate of 551,000 units. Economists polled by Reuters had forecast new home sales, which account for about 9.1 percent

Original post: 
U.S. new home sales drop from eight-year high

largest

Merrill Lynch to pay $415 million for misusing customer cash: SEC

An SEC investigation found that Merrill Lynch violated the an SEC rule in place for protecting customers' assets by misusing customer cash that should have been deposited in a reserve account, the agency said. The maneuver freed up billions of dollars per week from 2009 to 2012 that Merrill Lynch used to finance its own trading activities, the SEC said. The case is the largest customer protection settlement in SEC history, Andrew Ceresney, direction of the SEC's Division of Enforcement, said in a call with reporters.

Here is the original: 
Merrill Lynch to pay $415 million for misusing customer cash: SEC

largest

U.S. data point to strong domestic demand, stirring inflation

U.S. retail sales rose more than expected in May as Americans bought automobiles and a range of other goods, even as they paid more for gasoline, suggesting that economic growth was gaining steam despite a sharp slowdown in job creation. Sales at clothing retailers increased 0.8 percent, the largest gain since November.

Originally posted here:
U.S. data point to strong domestic demand, stirring inflation

largest

U.S. Virgin Islands sues Takata, Honda over airbags

The U.S. territory joins Hawaii, which earlier this month sued Takata and Honda, the largest user of recalled Takata air bags linked to 13 deaths and more than 100 injuries. The Virgin Islands suit, seeking

View original here:
U.S. Virgin Islands sues Takata, Honda over airbags

largest

EU regulators clear $100 billion-plus AB InBev, SABMiller deal

The world's largest brewer Anheuser-Busch InBev gained EU antitrust approval on Tuesday for its $100 billion-plus acquisition of SABMiller on condition it sell almost the whole of SABMiller's beer business in Europe. Reuters was the first to report that AB InBev's concessions to sell substantial assets would secure the EU green light for one of the largest corporate takeovers ever. AB InBev has already agreed to sell SABMiller&#…

View original post here:
EU regulators clear $100 billion-plus AB InBev, SABMiller deal

largest

About 40,000 unionized Verizon workers walk off the job

By Malathi Nayak NEW YORK (Reuters) – Nearly 40,000 Verizon workers walked off the job on Wednesday in one of the largest U.S. strikes in recent years after contract talks hit an impasse, and got a boost as U.S. Democratic presidential hopeful Bernie Sanders joined them at a …

Original post: 
About 40,000 unionized Verizon workers walk off the job

« Previous Page — Next Page »