WASHINGTON Thomas Curry, the Comptroller of the Currency, said on Tuesday that his agency is considering action against individual Wells Fargo executives after a customer fraud was detected at the bank.
“The OCC may take formal enforcement actions against institution-affiliated parties, including directors, officers, and employees, who violate any law or regulation, engage in unsafe or unsound practices, or breach fiduciary duty,” Curry told a hearing of the Senate Banking Committee.
(Reporting By Patrick Rucker)
India set to buy Iran oil for emergency reserves – sources
NEW DELHI India is set to buy 6 million barrels of Iranian crude for its strategic oil reserves as negotiations with the United Arab Emirates’ national oil company for supplies are stuck over commercial terms, industry sources said.
CBI makes arrest in widening exchange probe
MUMBAI The Central Bureau of Investigation (CBI) said on Tuesday they had arrested an executive and searched the homes and offices of former and current officials of the country’s capital markets regulator in an investigation into the granting of a stock exchange licence.
Drugmakers including Cipla, Wockhardt pledge to clean up antibiotic factories, curb overuse
Thirteen leading drugmakers promised on Tuesday to clean up pollution from factories making antibiotics and take steps to curb overuse of the medicines as part of a drive to fight the rise of drug-resistant superbugs.