Wells Fargo to pay $1B for business abuses

NEW YORK — Wells Fargo will pay $1 billion to federal regulators to settle charges tied to its mortgage and auto lending business, the latest chapter in years-long, wide-ranging scandal at the … The bank has already been reimbursing customers in its auto and mortgage businesses for these abuses.
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Canadian online-gambling company Stars Group Inc. says it is buying U.K.-based Sky Betting & Gaming in a deal worth $4.7 billion. Stars Group, which owns PokerStars, said Saturday the purchase will create the biggest publicly listed online-gambling company and make it a bigger player in the
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Angie Daugherty Morrison started in banking as a 19-year-old part-time data processor at Owensboro National Bank in 1986. This month, she was named Owensboro market president for BB&T, the North Carolina-based bank that bought Area Bancshares — ONB's successor — in 2002. “This is very
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“Risks are broadly balanced in the near term, but remain skewed to the downside beyond the next several quarters,” according to a draft communique by the IMF's main advisory committee dated Friday, which was obtained by Bloomberg News ahead of its official release later Saturday. “Rising financial
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Kosar is the vice president of policy and heads the postal policy program at the R Street Institute, a Washington think tank that operates under the mantra “Free Markets. Real Solutions.” (Sentiments that echo the mission statement of an opinion site near to my heart.) Previously, he was with the
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Vincenzo Montella is banking on Sevilla's pedigree in Finals when they face Barcelona for the Copa del Rey as he insists beating them is 'possible'. Montella's Sevilla have fallen out of top-four contention in La Liga but have fared significantly better in cup competitions, knocking Manchester United out
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Kim Jong Un's suspension of North Korean nuclear tests has strings attached. The leader's statement at a ruling party meeting on Friday includes a pledge to seek a “favorable” international environment for economic development so that he can put the economy “on an upward spiral track.” Kim Jong Un.
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Housing starts have been steadily rising, since bottoming out in 2009, as the housing market recovered, with new construction almost tripling over the last decade. After the devastation of Hurricanes Harvey, Irma and Maria last year, there has been even more demand for lumber as people rebuild.
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“I [used to think] Bitcoin's great, Ethereum's great, those people in financial services probably don't know what they're doing. I'm much more humble now. They know what they are doing.” So said Shaul Kfir, Chief Technology Officer at Digital Asset. It was a refreshing admission that the cryptocurrency
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Harley-Davidson is looking for interns, but this position won't involve fetching any coffee. Harley-Davidson's #findyourfreedom internship involves learning how to ride a motorcycle, getting a bike and exploring motorcycle culture by riding across the country. While riding on a motorcycle, interns will also
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Trump is praising North Korean leader King Jong Un pledge to halt nuclear testing #tictocnews (Source: Bloomberg). Terms of Service Trademarks Privacy Policy ©2018 Bloomberg L.P. All Rights Reserved. Careers Made in NYC Advertise Ad Choices Website Feedback Help
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New research shows that real estate properties in areas affected by extreme weather and sea level rise are losing value relative to less exposed properties. The effects are already substantial, but they may point to a looming collapse as climate change makes coastal communities untenable. Work by
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The Quest for the Next Billion-Dollar Color (Bloomberg Businessweek); The Dumb Money: The definitive explanation of why Bitcoin is stupid. (Jacobin); A Sixth Sense For Biotech Has Made Joe Edelman A Hedge Fund Star (Forbes); Hugh Hendry's Life After Hedge Funds (Institutional Investor); The
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Apple will replace some MacBook Pro laptops with expanding batteries #tictocnews https://bloom.bg/2HQpsDQ (Source: Bloomberg). RELATED ARTICLES. Apple Says It Will Replace Some MacBook Pro Laptop Batteries · Terms of Service Trademarks Privacy Policy ©2018 Bloomberg L.P. All Rights
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As for Thailand, it said strong commercial real-estate lending growth by Thai banks in 2017 reflected an improving operating environment and followed sluggish growth in previous years, although there are still risks associated with consumer lending. Real-estate lending growth has also remained high
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(Bloomberg View) — The weekend is here! Pour yourself a mug of Komodo Dragon coffee, grab a seat on the hammock, and get ready for our longer-form weekend reads: The Quest for the Next Billion-Dollar Color (Bloomberg Businessweek); The Dumb Money: The definitive explanation of why Bitcoin
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According to a new CIBC report, nearly half of all mortgages in Canada are up for renewal this year, which is more than any year in history. What you should realize is your options may be limited if you thought you might shop around for a better deal with another lender. Rising interest rates and the new
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Escalating tensions between the U.S. and China have rattled financial markets and raised concerns the world is barreling toward a trade war. Trump has proposed imposing tariffs on as much as $150 billion on Chinese imports, while China has vowed to retaliate on everything from American soybeans
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“Without a doubt there's probably more gas price increases yet to come,” said Patrick DeHaan, head of petroleum analysis at GasBuddy.com. “For maybe a couple more weeks prices may move higher.” DeHaan sees retail gasoline prices reaching $3 a gallon for a third to half of the U.S. in the coming
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Billionaire ex-premier Silvio Berlusconi flew in by helicopter, twice in a week. His less affluent allies and rivals took to their cars to brave the roads of the mountainous southern Molise area — it doesn't have a motorway. Italy's political leaders, from Matteo Salvini of the euroskeptic League to Luigi Di Maio
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