U.S. regulator to announce enforcement actions against former Wells Fargo executives: sources
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.
Ex-Wells Fargo executives face civil charges, multimillion-dollar fines from U.S. bank regulator
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.
JetBlue shares jump after airline surpasses cost-cutting target
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.
Oil falls 3% as specter of China virus threatens fuel demand
Oil prices fell 3% on Thursday on concern that the spread of a virus from China could lower fuel demand if it stunts economic growth, but losses were limited by a drawdown in U.S. crude inventories.
S&P Global places Boeing’s rating on credit watch negative
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.
PES creditors fight to reject refinery sale to Hilco: court documents
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.
Carlyle looking at ‘relatively cheap’ energy assets: Rubenstein
Fears about the future of energy assets have led to a sell-off, but this has created “very good opportunities” for the Carlyle Group, its founder, David Rubenstein, said on Thursday.
Goldman Sachs to companies: Hire at least one woman director if you want to go public
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.
Blues health insurers put up $55 million to take on generic drug makers
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.
U.S. regulator to review recommendation on Fiat Chrysler’s Jeep complaint against Mahindra
A U.S. regulator said it will review part of a recommendation made last fall that India’s Mahindra and Mahindra Ltd infringed upon the intellectual property rights of Fiat Chrysler Automobiles’ Jeep SUV design.
