When a $5-billion fine is still chump change
The FTC is set to issue a $5-billion fine against Facebook over data breaches. The Big Three will negotiate a new contract with its auto unions. Why U.S. banks should be thankful for regulation.
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The Federal Trade Commission is reportedly ready to hit Facebook with a fine of about $5 billion.
The Big Three have a profitable decade behind them. But from changing consumer tastes to the advent of the autonomous car, threats loom on the horizon.
Big U.S. banks have European banks beat. But many of the struggles European banks are facing could start affecting American banks soon.