A U.S. bank regulator announced Thursday that several senior former Wells Fargo executives face potential lifetime industry bans and millions of dollars in civil penalties for their roles in the bank's long-running sales practices scandal.
One of Wells Fargo & Co's top regulators plans to announce enforcement actions against as many as 10 individuals in relation to the bank's sales practices scandal as soon as Thursday, a person familiar with the matter told Reuters.
JetBlue Airways Corp said on Thursday it had shaved $314 million from its cost base over the past three years, delivering on a cost-cutting drive designed to enable budget-friendly airfares over the next decade.
French prosecutors investigating a party that former Renault-Nissan boss Carlos Ghosn threw for his wife at the sumptuous Versailles palace will in the next few weeks ask judges to examine the case, bringing a prosecution a step closer.
A group of Blue Cross Blue Shield insurers is investing $55 million in a venture that aims to offer cheaper prices to their members on generic drugs that currently have little or no competition, the companies said on Thursday.
One of Wells Fargo & Co's top regulators plans to bring enforcement actions against as many as 10 former executives in relation to the bank's sales practices scandal as soon as Thursday, a person familiar with the matter told Reuters.
From June 30, Goldman Sachs Group Inc will only help take a company public if it has at least one diverse board member, as such companies perform better after listing, Chief Executive David Solomon said on CNBC on Thursday.
Hedge fund billionaire Seth Klarman defended value investing even though the strategy has struggled recently.
Comcast Corp on Thursday beat Wall Street's revenue and profit estimates due to growth in broadband customers, but the company lost more cable TV subscribers than Wall Street expected and its NBC Universal unit revenues were hurt as the film "Cats" bombed at the box office.
S&P Global Ratings on Thursday placed Boeing Co's 'A-' credit rating on 'credit watch' with negative implications, citing a rise in costs and cash outflows at the U.S. planemaker due to a further delay in the grounded 737 MAX's recertification.
Creditors of bankrupt Philadelphia Energy Solutions are opposing the sale of its oil refinery to Hilco Redevelopment Partners, saying another developer made a more lucrative bid for the site, according to court documents filed on Thursday.
Geopolitical uncertainties are not deterring Citigroup Inc clients from strategic deals and some unicorns' offer "great potential", but outbound Chinese buyers are lacking, Leon Kalvaria, chairman of the lender's institutional clients group said.
The biggest tumble in Chinese stocks in more than eight months led global equity markets lower Thursday as concern mounted about a new coronavirus outbreak in China.
Boeing Co's new chief executive has sent the aerospace giant back to the drawing board on proposals for a new mid-market aircraft, effectively shelving in their current form plans worth $15 billion-$20 billion that had been overtaken by the 737 MAX crisis.
Bankrupt California power producer PG&E Corp said on Wednesday it had reached a deal on its restructuring with creditors, who were pushing for a rival plan.