Reid, who was appointed CEO just over a year ago, has also been removed from the board of directors of the company's subsidiaries, including Home Trust.
Wells Fargo to pay US$110M to settle fake accounts suit
The settlement, announced late Tuesday, will include customers who had accounts opened without their permission, or were signed up for a product they did not agree to, going back to January 1, 2009.
Ford to invest US$1.2B in Michigan facilities as Trump praises jobs creation
U.S. President Donald Trump touted Ford Motor Co's expected announcement later on Tuesday about investments and jobs at its U.S. plants, saying the automaker would be making a major investment in three Michigan facilities.
Former Valeant CEO Michael Pearson sues drugmaker over withheld shares
Valeant Pharmaceuticals International Inc.’s former chief executive officer accused the drugmaker of failing to deliver 3 million shares promised him as part of an exit package.
Wells Fargo fails regulator's community lending test
A U.S. bank regulator has flunked Wells Fargo on a national scorecard for community lending, the lender said on Tuesday as it tries to repair its reputation after a phony-accounts scandal.
Purolator stops accepting shipments ahead of strike deadline
Purolator stopped accepting shipments today ahead of a strike deadline this afternoon issued by the union representing some of the courier's employees.
Chinese tech giant Tencent takes 5% stake in Tesla
Tesla Inc said on Tuesday that Chinese tech giant Tencent Holdings Ltd 0700.HK has invested $1.78 billion in the electric carmaker for a 5 per cent stake.
CIBC's takeout of PrivateBancorp at risk, shares worth US$70: Analyst
KBW Analyst Christopher McGratty is arguing the Chicago merchant bank is worth closer to US$70 per share, well above the implied value of CIBC’s US$50.54 offer, and that Canada’s fifth-largest lender may have to either raise its bid or drop the deal entirely.
Dominion Diamond to explore strategic options, including sale
Canadian diamond miner Dominion Diamond Corp, target of a $1.1 billion unsolicited bid by privately held The Washington Cos, said on Monday it would explore strategic alternatives, including a potential sale.
Restaurant Brands International Inc. of Oakville, Ont., has received enough shares of Popeyes Louisiana Kitchen, Inc. to complete its US$1.8-billion friendly takeover of the fast food chain.