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Wells Fargo to pay states $575mn over improper sales practices

Bloomberg Wells Fargo & Co will pay $575 million to settle state-level claims over sales practices, marking the latest cost in the fallout from a series of scandals that erupted at the bank more than two years ago. The settlement with 50 states and the District of Columbia announced resolves state investigations into Wells Fargo’s practices from 2002 to 2017. ...

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JPMorgan settles securities case with $135mn payout

Bloomberg JPMorgan Chase & Co will pay $135 million to settle Securities and Exchange Commission allegations that it mishandled US securities that represent sha-res of foreign companies, the latest bank fined in an industry crackdown on the practice. The bank improperly provided what’s known as American depository receipts (ADR) to brokers when neither the brokers nor their clients held shares ...

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Goldman Sachs poised to lead M&A deals for 2018

Bloomberg Boutique banks climbed the ranks of the world’s leading merger advisers, while Deutsche Bank AG dropped out of the top 10. But for all of the shuffling, familiar names remained at the head of the pack. Goldman Sachs Group Inc, for the second year in a row, is poised to be the top bank for takeover advice — pushed ...

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