September 3, 2023

Wells Fargo, a juicy target, sparks lead counsel fight among shareholder firms

Wells Fargo, a juicy target, sparks lead counsel fight among shareholder firms

A historic regulatory settlement of $3.7 billion has set the stage for shareholder litigation targeting Wells Fargo. In December of the previous year, Wells Fargo consented to pay $1.7 billion as a civil penalty and $2 billion for customer restitution to the U.S. Consumer Financial Protection Bureau (CFPB). This monumental settlement the largest ever for …

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UK's Lloyds in talks with Barclay family, Carlyle over Very Group, Financial Times reports

UK’s Lloyds in talks with Barclay family, Carlyle over Very Group, Financial Times reports

Britain’s Lloyds Banking Group (LLOY.L) is in talks with the Barclay family and U.S. private equity firm Carlyle (CG.O) over Very Group, an online retailer and financial services provider the Financial Times reported on Friday. The British lender holds a guarantee in the overseas holding companies controlling Very Group that linked to the distressed debt …

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