September 27, 2016
U.S. says Wells Fargo to pay $400,000 to settle charges over swaps
WASHINGTON (Reuters) - Wells Fargo Bank has settled federal charges over inaccurate large trader reports for physical commodity swaps positions...
Harsh words and a fine equaling a whopping 0.000176% of Wells Fargo's market cap ($400k / $227b) will once and for all teach senior executives that crime doesn't pay.
It's the nanoscale straw that will break the adamantium camel's back.
Heads will rofl. They always have a scapegoal in place for these types of miner emergencies.
One of my patients had a rather amusing Freudian slip: he was having dinner with his wife, and he meant to say "pass the salt", but instead he said "You've ruined my life, you blood-sucking shrew." — Niles Crane, Frasier
The Market Ticker - Where Are The Handcuffs? (Drugs) - Note the *nostrum *here.... One of Donald Trump’s few universally welcomed campaign promises was to do something about the prices of pharmaceutical drugs...
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