Business
Credit Suisse Pays $510 Million Fine for Helping Clients Evade Taxes
The toll for misconduct at the fallen Swiss bank Credit Suisse just keeps getting bigger. Federal prosecutors said on Monday that UBS,…
Tag
Fines (Penalties)
News
Trump Commutes Ozy Media Founder’s Sentence Just Before His Surrender
President Trump on Friday commuted the sentence of Carlos Watson, a co-founder of the now-defunct digital media company Ozy Media, on the…
Business
Trump Pardons Trevor Milton, Founder of Bankrupt Truck Maker Nikola
Trevor Milton, who was convicted by a federal jury in 2022 of defrauding investors in the electric truck maker Nikola, has received a…
Business
Crypto Trader OKX Pleads Guilty to Running Illegal U.S. Operation
An offshore cryptocurrency trading firm pleaded guilty on Monday in U.S. District Court in Manhattan to a charge of operating as an…
Business
Tesla and Chinese Carmakers Could Reap Billions From EU Emissions Rules
As European automakers brace for a possible trade war waged by President Trump, they are working to ward off another threat on their home…
Politics
Rohit Chopra of CFPB Expected Trump to Fire Him Right Away, but He’s Hanging On
Rohit Chopra, the director of the Consumer Financial Protection Bureau, expected to be fired soon after President Trump took office. More…
Politics
TikTok Ban and Trump Executive Order Lead to Tech Company Dilemma
For more than six years, Amazon Web Services, the world’s largest cloud computing company, provided technical support to deliver TikTok…
Business
Vanguard to Pay $106 Million in Restitution to Retirement Fund Investors
Vanguard, the large mutual fund company, has agreed to pay $106 million in restitution to settle a securities regulatory investigation…
Business
Cash App Ordered to Pay $255 Million in Penalties Over Fraud
Cash App, the smartphone payments tool that allows instant money transfers and is popular with young people, has made billions in profits…
Business
Toyota Truck Unit Will Pay $1.6 Billion to Settle Emissions Fraud Case
Toyota Motors’ trucking unit has agreed to plead guilty to criminal charges and pay $1.6 billion in civil and criminal penalties for…
News
U.S. Sues Southwest Airlines Over Chronic Delays
The federal government sued Southwest Airlines on Wednesday, accusing the airline of harming passengers who flew on two routes that were…
Business
Robinhood to Pay $45 Million Fine to Settle SEC Charges
Robinhood was hit with $45 million in fresh fines from the Securities and Exchange Commission on Monday, the latest reprimand that the…
Business
Vince McMahon Settles With S.E.C. Over Failing to Disclose Confidential Payments to Women
Vince McMahon, the co-founder and former chief executive of World Wrestling Entertainment, agreed on Friday to settle with federal…
Business
JetBlue Fined $2 Million for Chronic Delays
The Transportation Department announced on Friday a $2 million penalty against JetBlue Airways for operating several flights on the East…