Frauds & Scandals

Exclusive: Wells Fargo account scandal extends to small business – U.S. senator

October 4, 2016/Reuters By Suzanne Barlyn | NEW YORK Wells Fargo & Co’s account scandal is not limited to its consumer banking sector, U.S. Senator David Vitter told the bank’s chief executive in a letter. Thousands of small business owners were also impacted by Wells Fargo’s practices, wrote Vitter, a […]

Deutsche Bank races against time to reach U.S. settlement

October 3, 2016/Reuters By Georgina Prodhan, Kathrin Jones and Lawrence Delevingne | FRANKFURT Deutsche Bank (DBKGn.DE) is throwing its energies into reaching a settlement before next month’s presidential election with U.S. authorities demanding a fine of up to $14 billion for mis-selling mortgage-backed securities. The threat of such a large […]

SEC Fines Gaming Company $0.5m For Retaliating Against Whistleblower

Culled–Proshare September 30, 2016 The US Securities and Exchange Commission yesterday announced that casino-gaming company International Game Technology (IGT) has agreed to pay a half-million dollar penalty for firing an employee with several years of positive performance reviews because he reported to senior management and the SEC that the company’s […]