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LOS ANGELES (AP) — Wells Fargo has agreed to pay billion to settle criminal and civil investigations into a long-running practice whereby company employees opened millions of unauthorized bank accounts in order to meet unrealistic sales goals.Since the fake-accounts scandal came to light in 2016, Wells has paid out billions in fines to state and federal regulators, reshuffled its board of directors and seen two CEOs and other top-level executives leave the company. The billion payment announced Friday includes a 0 million civil payment to the Securities and Exchange Commission, which will distribute those funds to investors who were impacted by Wells' behavior.Since 2016, the bank has battled a laundry list of legal troubles, including creating fake accounts, forcing customers into car insurance purchases they didn't need, overcharging customers, and charging them mortgage fees they didn't deserve. 928
LOS ANGELES (AP) — The Los Angeles mayor says National Guard troops will be deployed overnight as violence continues in the nation's second-largest city. Mayor Eric Garcetti said Saturday evening he asked Gov. Gavin Newsom for 500 to 700 members of the Guard. The mayor imposed a curfew on the city after crowds torched police cars and burglarized stores. Everyone was ordered to be off the streets until 5:30 a.m. Sunday. Clashes between protesters and lines of police officers came after an initially peaceful gathering. More than 500 people were arrested during clashes downtown Friday night. The new violence is centered about 6 miles to the west. 660
LONDON — U.K. regulators say people who have a “significant history’’ of allergic reactions shouldn’t receive the new Pfizer-BioNTech vaccine while they investigate two adverse reactions that occurred on the first day of the country’s mass vaccination program. Stephen Powis, the national medical director for the U.K.'s National Health Service in England said Wednesday that health authorities were acting on a recommendation from the Medical and Healthcare Products Regulatory Agency. He says the agency has advised, on a precautionary basis, that "people with a significant history of allergic reactions do not receive this vaccination." Powis added that both people are recovering well.Dr. June Raine, head of the U.K.'s Medical and Healthcare Products Regulatory Agency, told Parliament on Wednesday that the reactions were not seen in clinical trials for the drug.“We know from the very extensive clinical trials that this wasn’t a feature,” Raine said, according to the Associated Press. “But If we need to strengthen our advice, now that we have had this experience with the vulnerable populations, the groups who have been selected as a priority, we get that advice to the field immediately.The FDA is currently weighing whether to approve the Pfizer-BioNTech vaccine for emergency use in the United States. 1325
LOS ANGELES (CNS) - Mercury Insurance estimated its losses at million from the Woolsey Fire in Los Angeles and Ventura counties, the company announced Tuesday.The loss amount, which will be recorded in the fourth quarter of 2018, represents Mercury General Corp.'s best estimate based on the information available, and could change as new information, including any late reporting of claims, becomes available.The company is party to a Catastrophe Reinsurance Treaty covering a wide range of perils effective through June 30. For the 12 months prior to thatdate, the treaty provides 5 million of coverage on a per occurrence basis after covered catastrophe losses exceed the million company retentionlimit, Mercury said.Malibu residents whose properties were still standing were back in their homes Monday after being evacuated from the Woolsey Fire.The fire erupted Nov. 8 in Ventura County and quickly spread into Los Angeles County, charring 96,949 acres, destroying 1,643 structures in both counties and damaging 364 others, with damage assessments completed.Three civilians were killed and three firefighters were injured. The fire was 100 percent contained on Nov. 21. 1193
LOS ANGELES (CNS) - A Los Angeles County sheriff's deputy was suspended following allegations that he had sex on the Universal Studios lot and the encounter was captured by the deputy's open microphone.It was unclear when the incident occurred."The deputy was immediately relieved of duty and an administrative investigation has been opened," according to a statement released by the department. "The deputy's peace officer's powers have been suspended and the proper administrative action will be taken based on the outcome of the investigation."Audio of the incident was posted on TMZ's website on Tuesday. A department dispatcher can be heard telling the deputy his microphone is open.It wasn't clear if the alleged incident took place inside the deputy's patrol vehicle, but TMZ reported it happened near Universal's Bates Motel, made famous in Alfred Hitchcock's 1960 classic, "Psycho."The name of the deputy was not disclosed. 940