Wells Fargo to pay 190 million in penalties over improper account sales
Wells Fargo will pay 185 million in penalties plus 5 million to affected customers after regulators say employees steered customers into unrequested fee generating accounts. CFPB fines 100 million the largest ever, as California prosecutors cite over 2 million potentially unauthorized deposit and credit card openings.
MENTIONED IN THIS ARTICLE
Wells Fargo
California
Consumer Financial Protection Bureau
CFPB
Richard Cordray
Cus
Apple withholds first week iPhone 7 sales data
Apple will not disclose initial iPhone 7 week sales, saying sales are supply driven and not a reliable gauge of demand. Kristin Huguet noted expanded distribution means selling out before pre orders. preorders start today with shipments due September 16. Analysts warn loss of data may affect investor sentiment.
MENTIONED IN THIS ARTICLE
Apple
Kristin Huguet
San Francisco
Colin Gillis
BGC Partners
Jobless claims fall as labor market remains firm
Initial unemployment claims dropped to 259,000 for the week ending Sept 3, the Labor Department reports, marking the 79th straight week under 300,000 and the lowest since mid July. Fed likely to keep rates unchanged amid slowing job growth and manufacturing contraction. services activity in August cooled to a 6 1/2 year low.
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Pengrth Fund
Aegon
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Honwilla
RockCall
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CapricBud
AGCO
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Marion
Labor Department
Federal Reserve
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NYSE
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Dow Jones
Nasdaq
Iowa
Reuters
Financial Data
Thomson Reuters
Journalis
The
New Hampton Tribune
Floyd
Mitchell Schmidt
Gazette
TheGazette.com
MitchellSchmidt
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Loretta
Mitchell.Schmidt
Betts
Aschmidtmitchell
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