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Category : Banks

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Wells Fargo Fined $3 Billion for 15 Years of Illegal Practices Affecting Millions of Customers

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Wells Fargo, one of the largest U.S. financial services companies, has agreed to pay $3 billion to resolve the U.S. government’s investigations into fraudulent sales...
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Major HSBC Layoffs: 35,000 Job Cuts and Massive Restructuring Announced

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Banking giant HSBC has unveiled a major restructuring plan that includes 35,000 job cuts. The move came as the bank’s net profit plunged 53% last...