Tag Archives: Audi

Financial Daily Dose 2.24.2020 | Top Story: Wells Fargo to Pay $3 Billion to Resolve DOJ and SEC Investigations

BY: Juvian Hernandez | February 24, 2020

Wells Fargo & Co. agreed to pay a total of $3 billion to resolve criminal and civil investigations by the DOJ and SEC. Wells Fargo admitted “that it took millions in wrongful fees and interest, misused customer information and damaged customer credit ratings” in pursuit of sales growth. – Law360 U.S. equity futures slip as coronavirus … Continue reading

Financial Daily Dose 7.29.2019 | Top Story: Pfizer and Mylan Join Forces to Create Generics Powerhouse

BY: Michael D. Reif | July 29, 2019

Drug giants Pfizer and Mylan have inked a deal that will merge the former’s off-patent drugs with the latter’s generics business, a tie-up that creates a mammoth global seller of lower-priced medicines – WSJ and Bloomberg and NYTimes Friday’s GDP report showed US economic growth slowing to 2.1% in Q2, as higher consumer spending helped … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | June 19, 2018

JPMorgan has agreed to pay $65 million to US authorities [in the form of the CFTC] to resolve allegations that its traders attempted to manipulate the benchmark rate known as ISDAfix – Bloomberg and Law360 We’re still awaiting a start date on the recently announced US tariffs on $50 billion [check that.  $200 billion] worth … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | June 12, 2018

Germany’s diesel emissions scandal bears a lot of resemblances to the Wells Fargo debacle here at home.  It just can’t seem to quit itself. This week, we’ve learned that German authorities have opened a criminal inquiry into to Audi exec Rupert Stadler over possible fraud and have ordered Daimler to recall “hundreds of thousands of … Continue reading