Banking
Credit Suisse client in tax dodge case gets $15 million bail
[ad_1] 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…
Tag: Law and legal issues
Banking
Morgan Stanley suit isn’t about money, billionaire Mike Ashley says
[ad_1] Retail tycoon Mike Ashley says his lawsuit against Morgan Stanley is in part because the bank acted out of “snobbery.”Chris J. Ratcliffe/Bloomberg Billionaire…
Banking
TD Bank to pay $15.9 million over duplicate NSF fees
[ad_1] TD Bank has agreed to pay more than $15.9 million Canadian dollars to settle a lawsuit alleging that the bank charged customers multiple…
Banking
Bankman-Fried struggles on stand in rare dress rehearsal before testimony
[ad_1] Former FTX CEO Sam Bankman-Fried’s team is trying to show that many of the transactions that are the subject of criminal charges were…
Banking
Wells Fargo-SEC settlement on advisory fees underscores M&A challenges
[ad_1] Wells Fargo overcharged nearly 11,000 accounts about $26.8 million in advisory fees from 2002 to 2022, the SEC said. The problem was said…
Banking
Change Lending loses federal certification for non-QM originations
[ad_1] Non-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…
Banking
U.S. Bancorp’s CEO, other top officials sued over unauthorized accounts
[ad_1] U.S. Bancorp CEO Andy Cecere is among the defendants in a shareholder suit filed this month in Delaware state court. U.S. Bancorp is…
Banking
Directors of failed Chicago bank plead guilty to conspiracy
[ad_1] William 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…
Banking
Wells Fargo, BNP to pay millions in U.S. fines in WhatsApp probes
[ad_1] Wells Fargo and BNP Paribas will pay millions of dollars in penalties for employees using unofficial communications like WhatsApp to conduct business as…
Banking
FHFA rule change could expand the number of suspended counterparties
[ad_1] The Federal Housing Finance Administration is looking to make it easier to put entities and people into its Suspended Counterparty Program, a proposed…
Banking
Frank founder Charlie Javice says JPMorgan documents will exonerate her
[ad_1] Charlie Javice was charged criminally in April in Manhattan federal court, where she faces charges including conspiracy, wire fraud affecting a financial institution and bank…
Banking
Chapter 3: Heads in the sand
[ad_1] In July 2011, Wells Fargo agreed to pay an $85 million fine to the Federal Reserve — a little-noticed enforcement action that served…