Renae Merle – Page 3 –

Wells Fargo fired 5,300 workers for improper sales push. The executive in charge is retiring with $125 million.

June 12, 2018 at 7:01 a.m.

When Wells Fargo was hit last week with $185 million in fines after thousands of its employees were caught setting up fake accounts customers didn't ask for, regulators heralded the...

Heather Bresch, chief executive officer of Mylan Inc., speaks during a panel discussion at the Bloomberg Year Ahead: 2015 conference in Washington, D.C., on Nov. 14, 2014.

EpiPen maker gave CEO more than $5 million to cover personal U.S. tax bill

June 10, 2018 at 10:02 a.m.

Years before it attracted nationwide criticism for drastically hiking the price of the EpiPen, pharmaceutical giant Mylan faced a quandary. The company had merged with another in 2014 that allowed...

The executive and the plumber: former Wall Street honcho charged with giving stock tips to fishing buddy

June 10, 2018 at 1:17 p.m.

They met at a marina on the south shore of Long Island where they both kept their fishing boats. Soon, according to federal prosecutors, the Wall Street executive and plumber...

California company could test Treasury Department’s new anti-inversion rules

June 12, 2018 at 7:01 a.m.

Less than a week after the Obama administration introduced new rules to curb the flood of U.S. companies moving overseas to lower their tax bill, a California telecommunications firm is...

JPMorgan Chase, Bank of America, Wells Fargo, Bank of New York Mellon and State Street were cited Wednesday, April 13, 2016 by the Federal Reserve and the Federal Deposit Insurance Corp. for gaps in their bankruptcy plans known as "living wills" that they were required to submit. The five banks were among eight Wall Street behemoths whose plans were evaluated.

Regulators reject plans of 5 big U.S. banks for preventing another taxpayer bailout

June 11, 2018 at 3:57 a.m.

Federal regulators said Wednesday that five of the country's largest banks, including JPMorgan Chase and Bank of America, still don't have credible plans for winding down their operations without taxpayer...

Treasury Dept. tries again to stop companies from giving up U.S. citizenship to cut taxes

June 12, 2018 at 3:04 a.m.

The Treasury Department on Monday took aim at U.S. companies moving their headquarters overseas to lower their tax bills, issuing aggressive new rules intended to make such moves less profitable...

Trump’s businesses feel few adverse effects from an unfiltered candidate

June 16, 2018 at 9:44 a.m.

Donald Trump's statements about Muslims and Latinos have drawn widespread rebuke from politicians in both parties and many other national leaders. But the companies that do business with Trump have...

The sign for Lehman Brothers headquarters is seen in New York on September 15, 2008.

Lehman Brothers dead, but trader keeps fight alive for $83 million bonus

June 16, 2018 at 10:00 a.m.

Before Lehman Brothers collapsed, pulling the trigger on the global financial crisis, a little-known bond trader was on a hot streak. Over two years, Jonathan Hoffman had brought the megabank...

How to ensure the bid is right

June 16, 2018 at 8:14 a.m.

You love the fireplace, the hardwood floors, even the slightly dated kitchen. But how much are you willing to pay for them? Deciding on the right amount to bid for...

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