Wells Fargo Fined $3B Over Fake-Accounts Scandal
“This case illustrates a complete failure of leadership at multiple levels within the bank," a prosecutor says.
KPMG to Restructure Audit Business in U.K.
The Big Four firm says it wants to "restore trust in audit" but a U.K. regulator indicates the changes don't go far enough.
SEC Charges VW With $13B ‘Dieselgate’ Fraud
The suit says VW failed to disclose to U.S. investors that its "clean diesel" cars were exceeding vehicle emissions limits.
Teladoc CFO Resigns Amid Sex Scandal
An investor class action alleges the telemedicine company failed to disclose Mark Hirschhorn's "inappropriate relationship" with a subordinate.
Wells Fargo Warns of Possible $1B Settlement
The scandal-plagued bank posts better-than-expected Q1 earnings but a possible deal with regulators could reduce profit by about 20%.
Tax Savings Fuel Wells Fargo Q4 Earnings Beat
The bank is still struggling to put the fake-accounts scandal behind it, taking a $3.25 billion pre-tax expense for anticipated legal costs.
PwC Fined $2M Over Indian Accounting Fraud
India's securities regulator sanctions the firm for failing to detect the $1.7 billion fraud at Satyam Computer Services.
Petrobras Settles Investor Class Action for $2.9B
The settlement resolves investor claims arising from the $2 billion corruption scandal that has rocked Brazil for four years.
Mitsubishi Says Top Exec Knew of Data-Rigging
The Japanese firm reports that the former head of its cable-making subsidiary was made aware in February of guidelines for falsifying quality data.
JPMorgan Avoids Fine in Malaysia Fund Scandal
A Swiss regulator finds the bank "seriously breached" anti-money laundering regulations but declines to impose financial sanctions.
Takata Seals $1.6B Sale of Assets to Key Safety
The proceeds from the deal will be used to cover legal costs resulting from the exploding airbag scandal that drove Takata into Chapter 11.