New York (CNN Business)–Wells Fargo’s fake-account scandal continues to haunt the big bank, exacerbating headaches caused by shrinking interest rates. Wells Fargo (WFC) revealed on Tuesday a 23% drop in third-quarter profit that disappointed investors. The decline was driven by a $1.6 billion charge for legal ...Read More

KUALA LUMPUR (Reuters) – Malaysia is open to more talks with Goldman Sachs (GS.N) after having two rounds of discussions to drop criminal charges against three units of the bank over the 1MDB scandal, the country’s top prosecutor told the Nikkei Asian Review. Malaysian ...Read More

WASHINGTON (Reuters) – U.S. authorities said on Wednesday it has obtained an asset freeze against 18 traders, who are primarily China-based, over an international market manipulation scheme that has reaped more than $31 million in illicit profits over several years. The U.S. Securities and ...Read More

PANAMA CITY (Reuters) – Mossack Fonseca, a Panamanian law firm at the center of the “Panama Papers” scandal, has filed a lawsuit against Netflix Inc (NFLX.O) over its new movie based on the case, accusing the video streaming company of defamation and seeking to ...Read More

In late November 2018, Asher Burke gathered his employees in their San Diego office and laid out a vision for how Ads Inc. was going to become an e-commerce powerhouse. The tanned and muscular 27-year-old CEO detailed plans to merge the company he founded ...Read More

Five drugmakers and distributors are offering $22 billion in cash as well as drugs and services they value at $28 billion to resolve lawsuits alleging the industry fueled the U.S. opioid crisis, two sources familiar with the matter said on Wednesday. The drug industry ...Read More

Documents obtained by ProPublica show stark differences in how Donald Trump’s businesses reported some expenses, profits and occupancy figures for two Manhattan buildings, giving a lender different figures than they provided to New York City tax authorities. The discrepancies made the buildings appear more ...Read More