barclays

Volkswagen reaches deal with 80,000 U.S. 3.0-liter vehicle owners

A federal judge said on Thursday that Volkswagen AG has reached an agreement in principle to provide “substantial compensation” to the owners of about 80,000 3.0-liter polluting diesel vehicles, a key hurdle to resolve the German automaker's emissions scandal. U.S. District Judge Charles Breyer did not disclose the amount of owner compensation, which

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Volkswagen reaches deal with 80,000 U.S. 3.0-liter vehicle owners

barclays

U.S. sues Barclays, ex-executives for mortgage securities fraud

The U.S. Department of Justice on Thursday sued Barclays Plc and two former executives on civil charges of fraud in the sale of mortgage-backed securities during the run-up to the 2008-09 financial crisis. The lawsuit was filed after Barclays resisted a penalty the U.S. government had sought in settlement negotiations, a person familiar with the matter said. Major U.S. banks, including JPMorgan Chase & Co and Bank of America Corp , have paid tens of millions of dollars to settle …

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U.S. sues Barclays, ex-executives for mortgage securities fraud

barclays

Wells Fargo agrees to $50 million settlement over homeowner fees

Wells Fargo & Co has agreed to pay $50 million to settle a racketeering lawsuit accusing it of overcharging hundreds of thousands of homeowners for appraisals ordered after they defaulted on their mortgage loans. The proposed settlement, which requires court approval, was disclosed in a filing on Friday in an Oakland, California federal court. Wells Fargo's settlement of the lawsuit comes as the bank is still recoiling from a scandal over sales targets that drove employees

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Wells Fargo agrees to $50 million settlement over homeowner fees

barclays

Newest weapon in U.S. hunt for insider traders paying off

By Nate Raymond NEW YORK (Reuters) – When plumber Gary Pusey pleaded guilty in May to insider trading, it was a victory not just for New York prosecutors but for a little-known squad inside the U.S. Securities and Exchange Commission that uses data analysis to spot unusual trading patterns. Formed in 2010, the Analysis and Detection Center of the SEC's Market Abuse Unit culls through billions of rows of trading data going back 15 years to identify individuals …

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Newest weapon in U.S. hunt for insider traders paying off