Jul 25, 2017

Scaramucci's first firing at the White House

Pablo Martinez Monsivais / AP

New White House Communications Director Anthony Scaramucci has threatened to purge staffers for leaking, and as reported by Politico's Tara Palmeri, the first to go will be assistant press secretary Michael Short, who is close to Sean Spicer and Reince Priebus. Short first learned of his reported firing in the Politico article.

The decision reportedly comes along with an offer of "amnesty" for other staffers, but on Short, Scaramucci told Politico the order came from above his pay grade. He reports directly to President Trump.

Scaramucci's quote to Politico: "I'm committed to taking the comms shop down to Sarah [Huckabee Sanders] and me, if I can't get the leaks to stop."

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Wells Fargo agrees to pay $3 billion to settle consumer abuse charges

Clients use an ATM at a Wells Fargo Bank in Los Angeles, Calif. Photo: Ronen Tivony/SOPA Images/LightRocket via Getty Images

Wells Fargo agreed to a pay a combined $3 billion to the Justice Department and the Securities and Exchange Commission on Friday for opening millions of fake customer accounts between 2002 and 2016, the SEC said in a press release.

The big picture: The fine "is among the largest corporate penalties reached during the Trump administration," the Washington Post reports.

Bloomberg offers to release women from 3 nondisclosure agreements

Mike Bloomberg. Photo: Brett Carlsen/Getty Images

Mike Bloomberg said Friday his company will release women identified to have signed three nondisclosure agreements so they can publicly discuss their allegations against him if they wish.

Why it matters, via Axios' Margaret Talev: Bloomberg’s shift in policy toward NDAs comes as he tries to stanch his loss of female support after the Las Vegas debate. It is an effort to separate the total number of harassment and culture complaints at the large company from those directed at him personally. That could reframe the criticism against him, but also protect the company from legal fallout if all past NDAs were placed in jeopardy.