Wells Fargo & Co. (WFC) is set to make changes to its business in the wake of the fake accounts scandal that has resulted in a serious hit to the bank's reputation by spinning off a number of its smaller businesses "worth hundreds of millions of dollars," CFO John Shrewsberry said, according to the Financial Times.
The bank recently announced that it would pay $142 million to settle a class-action lawsuit over the account scandal.
In recent weeks the bank has reached deals to sell its share registration arm Equiniti Group PLC EQN for $227 million.
Wells Fargo shares were down 0.18% to $54.89 in premarket trading Monday.
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In a July 6 trademark application, Amazon subsidiary Amazon Technologies Inc. revealed it's planning "prepared food kits composed of meat, poultry, fish, seafood, fruit and/or and [sic] vegetables...ready for cooking and assembly as a meal," as well as primarily grain-based offerings.
The product's tagline: "We do the prep. You be the chef." Amazon already sells other companies' meal kits, including Tyson Foods Inc.'s (TSN) Tyson Tastemakers. Martha Stewart is even offering meal kits on Amazon Fresh, the company's grocery delivery service. But, this may be the first hint of something bigger for Amazon, which would put it in direct competition with newly minted IPO Blue Apron (APRN) .