Dan Rotta, a Brazilian-American businessman charged with dodging U.S. taxes for decades using accounts at Swiss banks including Credit Suisse, was granted a $15 million bail package on…
Read more Credit Suisse client in tax dodge case gets $15 million bailRetail tycoon Mike Ashley says his lawsuit against Morgan Stanley is in part because the bank acted out of “snobbery.”Chris J. Ratcliffe/Bloomberg Billionaire Mike Ashley said he brought…
Read more Morgan Stanley suit isn’t about money, billionaire Mike Ashley saysTD Bank has agreed to pay more than $15.9 million Canadian dollars to settle a lawsuit alleging that the bank charged customers multiple nonsufficient funds fees per transaction.NORM…
Read more TD Bank to pay $15.9 million over duplicate NSF feesFormer FTX CEO Sam Bankman-Fried’s team is trying to show that many of the transactions that are the subject of criminal charges were conducted in the full view…
Read more Bankman-Fried struggles on stand in rare dress rehearsal before testimonyWells Fargo overcharged nearly 11,000 accounts about $26.8 million in advisory fees from 2002 to 2022, the SEC said. The problem was said to have begun at Wachovia…
Read more Wells Fargo-SEC settlement on advisory fees underscores M&A challengesNon-bank originator Change Lending has apparently lost a certification by the U.S. Treasury Department to issue non-qualified mortgages for underserved borrowers. The lender isn’t included on an updated…
Read more Change Lending loses federal certification for non-QM originationsU.S. Bancorp CEO Andy Cecere is among the defendants in a shareholder suit filed this month in Delaware state court. U.S. Bancorp is contending with the latest fallout…
Read more U.S. Bancorp’s CEO, other top officials sued over unauthorized accountsWilliam Mahon, George Kozdemba and Janice Weston conspired to falsify bank records shared with the Office of the Comptroller of the Currency, according to the pleas lodged in federal court.Andrew Harrer/Bloomberg…
Read more Directors of failed Chicago bank plead guilty to conspiracyWells Fargo and BNP Paribas will pay millions of dollars in penalties for employees using unofficial communications like WhatsApp to conduct business as the Securities and Exchange Commission…
Read more Wells Fargo, BNP to pay millions in U.S. fines in WhatsApp probesThe Federal Housing Finance Administration is looking to make it easier to put entities and people into its Suspended Counterparty Program, a proposed rule change states. This would…
Read more FHFA rule change could expand the number of suspended counterpartiesCharlie Javice was charged criminally in April in Manhattan federal court, where she faces charges including conspiracy, wire fraud affecting a financial institution and bank fraud in connection with the…
Read more Frank founder Charlie Javice says JPMorgan documents will exonerate herIn July 2011, Wells Fargo agreed to pay an $85 million fine to the Federal Reserve — a little-noticed enforcement action that served as a precursor to the…
Read more Chapter 3: Heads in the sand
