Penalties and fines

HSBC fined a record $51M over Lehman product sales


HSBC's private-banking unit was fined a record $51 million over sales of structured products linked to Lehman Brothers in Hong Kong.


Let’s ensure regulators target the real perpetrators of screw-ups


Policymakers have made significant progress in the assigning of regulatory accountability, but more work is necessary.


Deutsche Bank settles with states; Banks' fleeting victory


German bank says the $220 million settlement closes the book on its Libor-related misdeeds; reopening mandatory arbitration could backfire on banks.


B of A beefs up rep and warrant reserves ahead of mortgage settlement


Bank of America set aside $100 million in its reserves for representation and warranty claims ahead of a pending settlement to resolve legacy mortgage issues.


Wells Fargo has rehired 1,780 employees since scandal broke: Sloan


The workers who have been brought back do not include any of the more than 5,000 employees who were fired for alleged misconduct, according to the company.


FIS expensed strip clubs, padded timesheets during Ocwen audit, lawsuit claims


Auditors performing a review of Ocwen Financial padded timesheets and claimed excessive and improper expenses, including lengthy travel and meals at strip clubs and casinos, according to a lawsuit filed against Fidelity Information Services.


FDIC fines Wisconsin bank and other lenders for overcharging military members


The regulator said that the Bank of Lake Mills, Freedom Stores and Military Credit Services violated the FTC Act.


Barclays to pay $97 million on claims it overcharged clients


The London-based bank overbilled customers by nearly $50 million through violations including collecting excess mutual fund fees.


OCC hits former CertusBank execs with fines, enforcement actions


The founders of the South Carolina bank, which liquidated after lavish spending and losses depleted its capital, paid a total of $57,000 in fines and face restrictions on future employment.