Tag Archive: news

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US fines Wells Fargo $1 bn for mortgage, auto loan violations

Wells Fargo agreed Friday to pay $1 billion in fines over US allegations of bank misconduct that damaged consumers — the largest such penalty so far under the administration of President Donald Trump, who has lambasted the scandal-hit bank.

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US firm Advent to buy Sanofi’s generics unit

US private equity firm Advent International has agreed to acquire Zentiva, French pharmaceutical giant Sanofi’s European generics arm, for 1.9 billion euros ($2.4 billion), a statement said Tuesday.

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Iran bans foreign social media networks in schools

Iran’s ministry of education on Sunday banned the use of foreign social media networks in schools, the ILNA news agency reported, amid a push by Tehran to limit the influence of outside online platforms.