• Banks rushing to pay fines in case Biden wins election

    Banks rushing to pay fines in case Biden wins election

    Fines are in season on Wall Street — and yes, there just might be a connection with election season. Big banks are lately paying record penalties to US regulators, with insiders blaming the trend on
  • JPMorgan faces potential fine over ‘historical deficiencies’

    JPMorgan faces potential fine over ‘historical deficiencies’

    JPMorgan Chase said it might be paying another big fine this year as federal regulators have notified Jamie Dimon and his team that there are issues with their internal controls. According to a
  • Smithfield Foods faces fine for not protecting workers from COVID-19

    Smithfield Foods faces fine for not protecting workers from COVID-19

    The US Labor Department said Thursday it cited Smithfield Foods for failing to protect employees from the coronavirus, making it the first major US meatpacker to face a fine after outbreaks at slaughterhouses infected thousands of workers this spring and caused meat shortages. The department’s Occupational Safety and Health Administration cited Smithfield Packaged Meats in …
  • Feds fine Herbalife $123 million for bribing Chinese officials

    Feds fine Herbalife $123 million for bribing Chinese officials

    The feds fined nutritional supplement maker Herbalife about $123 million for running a decade-long bribery scheme to boost its business in China, officials said Friday. The penalties from two federal agencies were just the latest legal entanglements for Herbalife, which in recent years has seen two former Chinese executives indicted and fought allegations that it …