Penalties and fines

Apple, Goldman plan credit card; Wells will be late

05/11/18

This would be the bank’s first foray into credit cards; Wells Fargo says it won’t be able to comply with Fed requirements before next year.

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Another black eye for Wells; Visa female execs to meet with CEO

05/10/18

The bank said it kept fee rebates that should have gone to a small pension fund; some women say the company “bro” culture hinders their advancement.

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RBS agrees to pay $4.9 billion to settle U.S. mortgage probe

05/09/18

Royal Bank of Scotland said it reached a tentative agreement to pay a $4.9 billion penalty to resolve a long-running U.S. probe into its packaging and sale of mortgage-backed securities before the 2008 financial crisis.

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Wells Fargo owes California mortgage bankers $97M for rest breaks

05/09/18

Wells Fargo must pay $97 million to home mortgage consultants and private mortgage bankers in California who didn't get the breaks they were entitled to under the state's stringent labor laws.

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Rod Rosenstein signals era of big corporate penalties is ending

05/09/18

Deputy Attorney General Rod Rosenstein thinks some companies are overpaying for their crimes, and he wants that to stop.

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Wells Fargo takes another stab at salvaging its image through ads

05/07/18

For the second time in a year, the scandal-scarred bank has launched a brand campaign aimed at restoring trust with customers.

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Goldman’s forex settlement; fired BofA executive seeks $100 million

05/02/18

The firm will pay $110 million to settle charges it didn’t control traders; hedge fund executive says he was wrongfully accused of sexual misconduct.

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How huge Wells fine could leave customers in the cold

04/27/18

Not a penny of the $1 billion fine against Wells Fargo will end up in the hands of customers harmed by practices flagged by regulators.

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AML deadline is Wells’ next concern; Is Zelle a target?

04/23/18

The bank faces June 15 AML compliance deadline; the features that make Zelle popular with customers entice thieves.

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Wells Fargo woes, Ally departure and Fine exit: Top stories of the week

04/20/18

The issues at Wells Fargo extend beyond the fines; Ally Financial's auto finance chief departs; ICBA chief Cam Fine signs off; and more from this week's most-read stories.

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