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Wells Fargo to pay $1 bn to settle shareholder class action

US bank Wells Fargo has agreed to pay $1 billion to settle a class action lawsuit by shareholders who accused it of not having changed its management and practices quickly enough after a series of scandals. Since 2016, Wells Fargo has paid billions in settlements and financial penalties related to its business practices. tu/mtp/dan
United States Patrickt Fallon House Financial Services Committee Federal Reserve Louisiana Sheriff Pension Relief Fund Wells Fargo
Source: legit.ng

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EU backs Microsoft's Activision Blizzard takeover

The EU on Monday gave the green light to Microsoft's $69-billion takeover bid for US video game giant Activision Blizzard, just weeks after the British competition regulator blocked the deal, putting it at risk. The CMA blocked the bid over concerns it could kill competition in the fast-growing cloud gaming market, and lead to less choice for British gamers in the future.
Bruxelles Capitale United States United Kingdom Margrethe Vestager Patrickt Fallon Anne Witt
Source: tuko.co.ke

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