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.
Diageo Fined for ‘Overshipping’ to Meet Targets
The SEC says the liquor company misled investors that it was achieving growth in key performance indicators through normal customer demand.
Former Wells Fargo CEO Banned From Banking
A regulator also fined John Stumpf $17.5 million for failures of leadership that contributed to the bank's fake-accounts scandal.
Banks Settle Bond Price-Fixing Claims for $337M
“The brazen attitude exhibited by Wall Street traders toward public institutional buyers of GSE bonds was shocking,” the lead plaintiff says.
AT&T Fined $60 Million in Data ‘Throttling’ Case
An FTC commissioner says AT&T's unlimited data plan for smartphone customers was a "bait-and-switch scam."
Clearinghouse Fined $20M for Violating Standards
Regulators say Options Clearing Corp. failed to establish and enforce policies and procedures involving financial risk management.
Kraft Settles Futures Market Manipulation Case
The company allegedly made more than $5 million in profits and savings from improper wheat futures trading.
U.S. Approves $26B T-Mobile-Sprint Merger
The deal is still being opposed by 14 states that claim it will harm "consumers, workers, and innovation."
Insys to Pay $225M to Settle Painkiller Probes
The maker of the fentanyl spray Subsys "is being held responsible for its role in fueling the opioid epidemic," a prosecutor says.
Navistar Settles Defective Engine Suits for $135M
The settlement resolves the class-action claims of truck owners who alleged Navistar failed to disclose a defect in engine exhaust-treatment systems.
Facebook Sets Aside $3B for Possible FTC Fine
Facebook says the charge it took in the first quarter is a reasonable estimate of what it would cost to resolve an FTC privacy investigation.