• Wells Fargo to pay $3 billion to U.S., admits pressuring workers in fake-accounts scandal

    3 monthes ago - By Reuters

    Wells Fargo & Co will pay $3 billion to resolve criminal and civil probes into fraudulent sales practices and admitted to pressuring employees in a fake-accounts scandal, U.S. officials said on Friday, wrapping up one of the last major investigations looming over the bank.
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  • Factbox: Remaining hurdles for scandal-hit Wells Fargo

    3 monthes ago - By Reuters

    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.
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  • Wells Fargo Paying $3 Billion To Settle U.S. Case Over Fraudulent Customer Accounts

    Wells Fargo Paying $3 Billion To Settle U.S. Case Over Fraudulent Customer Accounts

    3 monthes ago - By NPR

    The bank agreed to settle charges brought by the Justice Department and the Securities and Exchange Commission over accounts, debit cards and other products that customers did not request. (Image credit: Christopher Dilts/Bloomberg via Getty Images)
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  • Wells Fargo reaches $3 billion settlements related to fraudulent sales practices

    3 monthes ago - By Fortune

    Wells Fargo & Company today announced that it has entered into agreements with the United States Department of Justice and the United States Securities and Exchange Commission to resolve these agencies' investigations into the Company's historical Community Bank sales practices and related disclosures. As part of this resolution, Wells Fargo has agreed to make payments totaling $3 billion.
    Charlie Scharf, chief executive officer, said: “The conduct at the core of today's settlements - and the past culture that gave rise to it - are reprehensible and wholly inconsistent with the values on...
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  • The Price of Wells Fargo's Fake Account Scandal Grows by $3 Billion

    3 monthes ago - By NY Times

    The bank reached a settlement with federal prosecutors and the Securities and Exchange Commission after abusing customers.
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  • Will U.S. Education Remedy A Half-Century Of Neglecting Civics Education?

    3 monthes ago - By Forbes

    A survey by the American Council of Trustees and Alumni found that less than 40 percent of respondents-and only a little more than half of college graduates-could correctly answer a multiple-choice question about the length of terms for members of Congress.
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  • Wells Fargo to pay $3 billion to U.S. authorities to resolve probe into fake accounts

    3 monthes ago - By Reuters

    Wells Fargo & Co and one of its units will pay $3 billion to resolve criminal and civil probes into years of fraudulent sales practices, U.S. authorities said on Friday, wrapping up one of the last one major investigations looming over the bank.
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  • Wells Fargo to pay $3 billion in settling investigations into its fraudulent sales practices

    3 monthes ago - By CNBC

    The settlement represents the latest government penalties for Wells Fargo and its former management for malfeasance.
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  • U.S. home sales fell 1.3% in January

    3 monthes ago - By Finance Commerce

    U.S. home sales retreated 1.3% in January from the prior month, but low mortgage rates helped enable an increase in purchases from a year ago.
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  • ProAssurance CEO: Norcal Acquisition Creates a National Health Care Liability Platform

    3 monthes ago - By A.M. Best

    The just-announced acquisition of another health care professional liability insurer will significantly expand ProAssurance Corp.'s market as the company deals with adverse reserve development ...
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  • U.S. authorities to announce deal over Wells Fargo's sales practices scandal: sources

    3 monthes ago - By Reuters

    U.S. authorities will soon announce a settlement related to Wells Fargo's multi-year sales practices scandal, according to two sources familiar with the matter, wrapping up one of the last one major probes looming over the bank.
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  • Encryption on Facebook, Google, others threatened by planned new bill

    3 monthes ago - By Reuters

    U.S. legislation will be introduced in the coming weeks that could hurt technology companies' ability to offer end-to-end encryption, two sources with knowledge of the matter said, and it aims to curb the distribution of child sexual abuse material on such platforms.
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  • Afghanistan's War

    3 monthes ago - By Washington Post

    The longest war in American history has gone on for more than 18 years. The U.S. and its NATO-led allies announced the official conclusion of their combat mission in Afghanistan in 2014. But with the country remaining in violent turmoil, plans for the exit of the coalition have been repeatedly put off. U.S. President Donald Trump has expressed an eagerness to withdraw his country's forces, which make up about 13,000 of the almost 23,000 foreign troops there. His government is pursuing a peace de
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  • U.S. authorities will soon announce deal relating to Wells Fargo's sales practices scandal: sources

    3 monthes ago - By Reuters

    U.S. authorities will soon announce a deal relating to Wells Fargo's multi-year sales practices scandal, according to two sources familiar with the agreement.
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