Wells Fargo fined $1.7 billion for 'illegal activity' including unjust foreclosures, vehicle repossessions

Federal regulators fined Wells Fargo $1.7 billion on Tuesday for "widespread mismanagement" over multiple years that harmed over 16 million consumer accounts.

News: What you need to know about the markets     Wells Fargo fined $1.7 billion for 'illegal activity' including unjust foreclosures, vehicle repossessions Federal regulators fined Wells Fargo $1.7 billion on Tuesday for "widespread mismanagement" over multiple years that harmed over 16 million consumer accounts. Read more »   Morgan Stanley warns US profits could drop like in 2008, tanking stocks One of Wall Street's top executives is worried about a repeat of 2008. At least, partially. Read more »   Disney should spin off ESPN and ABC, analyst says Disney, like most media companies, had a rough year. But one Wall Street analyst has an idea for how Disney could get back on track. Read more »   Main Street's buying stocks while Wall Street sells: What gives? It's been a rollercoaster year for stocks. The S&P 500 is down more than 20% year-to-date and 2022 is likely to end up as the sixth-most volatile year since the Great Depression. Read more »   Congress may pass new retirement rules. These 7 changes are on the table There soon may be new retirement rules in place that could make it easier for Americans to accumulate retirement savings — and make it less costly to withdraw them — if lawmakers pass a major spending package this week. Read more »   American home building slumped again in November Home building pulled back in November, as buyers faced spiking mortgage rates topping 7% that make homes increasingly unaffordable, even as rates fell slightly through the month. Read more »

Dow Nasdaq S&P +92.20   +1.08   +3.96 32,849.74   10,547.11   3,821.62 +0.28%   +0.01%   +0.10% YTD -9.60%   YTD -32.58%   YTD -19.82%

Biggest Winners Newmont Corporation +4.43%   Schlumberger NV +3.87%   Halliburton Co +3.77%   General Electric Co +2.91% Biggest Losers Factset Research Systems Inc -5.39%   General Mills Inc -4.58%   VF Corp -3.38%   United Parcel Service Inc -2.69%

Hottest ETF NYSE Market Volume

Key Market Stats Latest Today's Change Oil $75.99 +0.61 / +0.81% Gold $1,827.80 +30.10 / +1.67% 10-yr 3.68% +0.10 Euro $1.06 +0.00 / +0.13%

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