Scandal Archives -
Banc of California was at a high point last summer.
The Irvine lender’s assets had topped $ 10 billion, a milestone for a bank that had assets of less than $ 1 billion just five years earlier. Impressed investors sent its notoriously cheap stock to a post-recession high.
And in August, its ambitious…
A San Francisco banking advocacy group, several religious organizations and a Rhode Island pension fund want Wells Fargo to provide a broader accounting of what led to widespread fraud in the bank’s sales practices.
The groups, all Wells Fargo shareholders, plan to ask fellow shareholders to vote…
Volkswagen pleaded guilty to criminal charges for rigging diesel-powered vehicles to cheat on government emissions tests, capping the final significant U.S legal settlement expected in a long-running deception that hammered the German auto maker’s reputation and finances.
WSJ.com: US Business
Botox injections, a secret list of blacklisted artists, and a horse named Vladimir: The 90-day investigation of South Korea’s political scandal seemed to air the nation’s dirty laundry.
WSJ.com: What’s News Asia
The Marine Corps has been shaken by a scandal involving photos of naked and scantily clad servicewomen, at least some of which were apparently shared without consent. The photos, along with obscene comments, were found on a private Facebook page called Marines United, which included many active-duty and retired Marines…
Wells Fargo & Co.’s board of directors slashed the bonuses and other compensation of its chief executive and seven other top executives on Wednesday, a little more than a week after the board publicly fired four senior managers amid an investigation into the bank’s sales practices.
The cuts in…
As expected , Japanese auto parts maker Takata Corp. pleaded guilty to fraud Monday and agreed to pay $ 1 billion in penalties for concealing an air bag defect blamed for at least 16 deaths, most of them in the US. The scandal, meanwhile, seemed to grow wider when plaintiffs’ attorneys charged…
Wells Fargo fires four executives, including former L.A. regional president, in aftermath of scandalFebruary 21, 2017 | dailybusinessnews
Wells Fargo & Co. announced Tuesday that it has terminated four executives in the aftermath of the scandal over accounts opened in customers’ names without their knowledge or consent.
It said its board agreed unanimously to discharge Shelley Freeman, former Los Angeles regional president and current…
Lee Jae-yong took the South Korean conglomerate’s reins vowing to reshape it along Silicon Valley lines. Now a corruption probe has dragged him in, raising the biggest doubts yet about whether he has ushered the corporate giant into a new era.
WSJ.com: What’s News Asia