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Wells Fargo to pay $1B to settle shareholder lawsuit over recovery from scandals

2 years 6 months ago
Wells Fargo (NYSE: WFC) on Monday agreed to pay shareholders $1 billion to settle a class-action lawsuit that accused the bank of overstating its progress in cleaning up after its 2016 fake-accounts scandal. The bank’s shareholders alleged Wells Fargo and its past leadership misled them about how swiftly they were fixing the governance issues and risk-management systems that failed to prevent the bank from opening up perhaps millions of fake accounts. Reuters reports that the settlement figure…
Ted Andersen

Missouri AG v. Kim Gardner: Hearing on future of quo warranto case postponed

2 years 6 months ago
ST. LOUIS - The future of a quo warranto case against outgoing St. Louis Circuit Attorney Kim Gardner will go beyond Tuesday. Gardner just announced that she will be resigning Tuesday, nearly two weeks before she had planned to step down. Missouri Attorney General Andrew Bailey's team was in court Tuesday to accuse Circuit Attorney [...]
Joe Millitzer

Emerson Said to be Considering Office in New Clayton Tower

2 years 6 months ago
From St. Louis Business Journal:  Emerson Electric Co. (NYSE: EMR) is considering establishing an office in a prominent new office tower in Clayton, according to people familiar with the matter. The people said Emerson is looking at taking several floors in one of the two towers that make up the $250 million Forsyth Pointe development, […]
Zo

St. Louis’ best coffee spots, according to FOX 2 viewers

2 years 6 months ago
ST. LOUIS — Where in the St. Louis area can you get some of the best coffee? When we asked our Facebook fans, They told us what they thought.  We asked for the best establishments for fried chicken, and the best french fries.   There were a lot of suggestions, but here are the top 15 local areas for the best St. Louis coffee.
Liz Dowell

Twitter ‘Shadowbans’ Bellingcat After Musk Attacks Them, Then Tries To Retcon A Nonsense Explanation

2 years 6 months ago
Remember, according to Elon Musk, one of the worst things that old Twitter did was “shadowban” people. There was a whole “Twitter Files” about the practice, which Musk insisted was a horrible practice that was censorship. Except… at the same time he had no problem using it to silence accounts he personally disliked. Hilariously, he […]
Mike Masnick