$57M U.S. Bank Settlement, Major Chrysler Recall

The transcript covers three main topics: U.S. bank is fined $57 million for improper billing of credit card products, Chrysler recalls 350,000 vehicles due to ignition problems, and Chiquita Brands secures better terms for a merger, with investors owning a larger share of the combined company.

What was the reason for the financial penalty imposed on the bank?

• Failing to provide loans to small businesses

• Improperly billing customers for extra credit card products

• Overcharging for mortgage services

• Not maintaining sufficient reserves

Which company is the sixth largest by assets in the nation?

• Pipes

• U.S. Bank

• Chiquita Brands

• Chrysler

How many vehicles has Chrysler recalled due to ignition problems since 2011?

• Over three million

• Over four million

• Over one million

• Over two million

What percentage of the combined company would Chiquita investors own after the merger?

• 50%

• 55%

• 60%

• 65%

What prompted the rival offer to increase its bid in the Chiquita merger deal?

• A new competitor entering the market

• Improved terms for Chiquita investors

• A decline in Chiquita's stock price

• A change in market conditions