U.S. watchdog proposes national standard for disclosing expired debt
The U.S. consumer watchdog on Friday proposed establishing a national standard for how debt collectors must inform borrowers when they cannot be sued for expired debt.
The U.S. consumer watchdog on Friday proposed establishing a national standard for how debt collectors must inform borrowers when they cannot be sued for expired debt.
Wells Fargo & Co will pay $3 billion to resolve criminal and civil probes into fraudulent sales practices and admitted to pressuring employees in a fake-accounts scandal, U.S. officials said on Friday, wrapping up one of the last major investigations looming over the bank.
Wells Fargo & Co has racked up well over $7 billion in penalties since a sales practices scandal erupted in 2016, and continues to face headwinds.
Global equity markets slumped on Friday as the fast-spreading coronavirus drove investors into safe havens, with gold hitting a fresh seven-year high and the yield on the 30-year U.S. Treasury bond sliding to an all-time low.
Morgan Stanley will receive a $375 million breakup fee if E*Trade Financial Corp walks away from its $13 billion deal for the discount brokerage, the U.S. bank said on Friday.
U.S. regulators have opened a probe regarding Marlboro maker Altria Group Inc's investment in e-cigarette maker Juul Labs Inc, according to a person familiar with the matter.
Oil prices rose on Thursday, extending gains from its previous session, as the market shifted focus to supply disruptions, while demand concerns eased some after a sharp drop in new coronavirus cases at the epicenter of the outbreak.
A slowdown in U.S. growth last year was at least partly the fault of President Donald Trump's global trade battles and the resulting hit to business investment, the administration's top economist said on Thursday in an outlook for the coming years.
Walmart Inc might finally have found the sweet spot in Japan's food market with a fast-growing venture ranked third in a nascent online grocery sector, as the brick-and-mortar stores it bought into two decades ago continue their search for profit.
Asian stocks slipped and so did the region's currencies on Thursday, as virus cases rose in South Korea and Japan and investors quit local assets in favor of safety further afield.
Oil prices climbed on Thursday, extending gains from the previous session, as the market shifted focus to supply disruptions, while demand concerns eased following a drop in new coronavirus cases at the epicenter of the outbreak.
Brent oil prices held near one-month highs on Thursday supported by China's efforts to boost its economy, a drop in new coronavirus cases at the epicentre of the outbreak and supply concerns in Venezuela and Libya.
The dollar trampled everything in its path on Thursday after a steep and sudden slide in the Japanese yen called into question its safe haven status and others from the euro to the Australian dollar were all knocked over.
Volkswagen finance chief Frank Witter will leave the German car group in the summer of 2021, business publication Manager Magazin reported on Thursday.
Apple iPhone maker Foxconn said on Thursday it is cautiously restarting production at its main plants in China and warned revenue will be hurt this year by the coronavirus epidemic.