Justice Department – Page 43

Wells Fargo’s Carrie Tolstedt Pleads Guilty and Faces Prison

Carrie L. Tolstedt, who ran the bank’s retail branches, faces up to 16 months in prison for obstructing a bank examination.

By Stacy Cowley

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Goldman Sachs Eyes a Big Payout from Silicon Valley Bank Deal

The Wall Street giant is likely to be paid more than $100 million for its role in a bond purchase that ultimately failed to save the California bank from collapse.

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Antitrust Laws and Competition Issues JetBlue Airways Corporation Justice Department Mergers, Acquisitions and Divestitures Prices (Fares, Fees and Rates) Spirit Airlines Suits and Litigation (Civil) United States

Justice Department Sues to Block JetBlue’s Acquisition of Spirit

Antitrust regulators said the deal would reduce competition and raise fares. The companies claim it would allow them to better compete against the biggest U.S. airlines.

By Niraj Chokshi

Antitrust Laws and Competition Issues JetBlue Airways Corporation Justice Department Mergers, Acquisitions and Divestitures Spirit Airlines Suits and Litigation (Civil) Transport Workers Union Transportation Department (US)

JetBlue Expects U.S. Move to Block Merger With Spirit

JetBlue said it saw a “high likelihood” of an antitrust suit by the Justice Department this week, but declared that the deal would foster competition.

By Niraj Chokshi