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Wells Fargo's share price fell 10.2% over two days in June 2022, wiping out more than $17 billion of market value, after the New York Times reported the Justice Department probe.
The case will now move forward. Chase Jordan. August 13, 2024 at 3:01 AM. MARK HAMES/mhames@charlotteobserver.com. A California federal court judge has rejected Wells Fargo’s efforts to toss out ...
Wells Fargo is reinstating some recruiting guidelines in the wake of a New York Times story that the bank conducted “fake interviews” of job candidates to prop up diversity efforts.
Fake news websites target United States audiences by using disinformation to create or inflame controversial topics such as the 2016 election. [1][2] Most fake news websites target readers by impersonating or pretending to be real news organizations, which can lead to legitimate news organizations further spreading their message. [3]
The Wells Fargo cross-selling scandal was caused by creation of millions of fraudulent savings and checking accounts on behalf of Wells Fargo clients without their consent or knowledge due to aggressive internal sales goals at Wells Fargo. News of the fraud became widely known in late 2016 after various regulatory bodies, including the Consumer ...
Supervoting stock is a "class of stock that provides its holders with larger than proportionate voting rights compared with another class of stock issued by the same company." [1] It enables a limited number of stockholders to control a company. Usually, the purpose of the super voting shares is to give key company insiders greater control over ...
Oracle has agreed to offer monetary and non-monetary compensation to settle the class-action lawsuit against them. A lump sum, about $28.75 million, will be deducted from the $115 million to pay ...
A Florida firm owned by former contestants on “The Apprentice” has disposed of nearly all its 5.5% stake in Trump Media & Technology Group, which owns former president Donald Trump's Truth ...