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Cheat sheet: Inside the $3B Wells Fargo settlement

02/21/20

The ten-digit penalty marks an important milestone for the bank, but individual ex-bankers may still be at risk and grueling hearings lie ahead for current leadership.

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Wells Fargo pays $3 billion, avoids prosecution for sales abuses

02/21/20

A deferred-prosecution agreement with the Justice Department spares the bank a potential criminal conviction — provided it cooperates with continuing probes and abides by other conditions.

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U.S. charges four Chinese military members in Equifax hack

02/10/20

The four members of China’s People’s Liberation Army are accused of masterminding the breach that affected more than 140 million people.

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‘Extraordinarily inefficient’: Scharf’s blunt assessment of Wells Fargo

01/14/20

The Charlie Scharf era began with the company's lowest quarterly net income in more than nine years. Culprits included falling revenue, rising salaries and yet more financial fallout from the bank's sales scandal.

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Manafort's banker seeks to move his trial from New York to Chicago

01/13/20

Stephen Calk and the bank where he formerly served as CEO are both arguing that his bribery trial should be held in Illinois. Prosecutors oppose the move.

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Former Wells Fargo execs may face criminal charges in coming weeks

01/03/20

Several former high-level Wells Fargo executives are under criminal investigation in connection with the bank's fake-account scandal and could be indicted as soon as this month.

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Indicted ex-banker says warrant to search iPhone was tainted

11/18/19

Stephen Calk, who faces a bribery charge in connection with loans his bank made to former Trump campaign chair Paul Manafort, is asking a judge to suppress evidence that prosecutors obtained from his mobile phone.

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First Horizon to buy 30 branches as part of BB&T-SunTrust divestiture

11/08/19

BB&T and SunTrust had to sell the branches to get Justice Department approval, marking a big step towards closing their merger.

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Capital One subpoenaed by N.Y., feds over taxi loans

10/31/19

The McLean, Va.-based company is under law enforcement scrutiny for loans that helped propel a boom and bust in the taxi medallion market in New York City.

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Trump administration wants Supreme Court to back GSE profit sweep

10/30/19

A lower court “erred” when it sided with Fannie Mae and Freddie Mac’s investors, the Justice Department said in its petition to the high court.

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