article thumbnail

ISS Discusses Largest Securities-Related Class Action Settlements of 2023

Reynolds Holding

Wells Fargo Investors’ $1 billion settlement against Wells Fargo comes in the wake of years of scandal and resolves allegations that the bank concealed its inability to clean up its act. in August 2019, wiping out about $36 billion in market capitalization. The banks on the U.S. in November 2015 to $26.50

Banking 59
article thumbnail

ISS Discusses the Largest Class Action Settlements of 2022

Reynolds Holding

Allegations relate to the financial crisis from over a decade ago where a number of financial institutions – including Deutsche Bank Securities, RBS Securities, and Wachovia Capital Markets – misled investors within offering documents on various securities issued by NovaStar. Canadian Imperial Bank of Commerce.

Banking 81
article thumbnail

The Indian Smartphone Revolution: Paytm's Coming of Age IPO!

Musings on Markets

In the decade since, that has changed, as the smart phone market has exploded to reach hundreds of millions of Indians in 2020. In 2017 it added Paytm Gold , allowing users to buy gold in quantities as little as 1 rupee, and Paytm Payments Bank , a messaging platform with in-Chat payments.