News Topic: Penalties and fines

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. ... Read full article

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. ... Read full article

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. ... Read full article

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

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

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. ... Read full article

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. ... Read full article

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

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. ... Read full article

The bank’s latest punishment would settle charges by the CFPB and the OCC; Staley did not act without integrity in trying to unmask a whistleblower. ... Read full article

The bank revealed Friday that it is facing hefty regulatory penalties and will likely have to restate first-quarter earnings. Declines in loan balances and fee income and questions about upcoming stress tests are only adding to investors' worries. ... Read full article

A $1 billion penalty being bandied about; Deutsche’s problems may be too big to eradicate. ... Read full article

The subprime auto lender paid $2.9 million to Connecticut consumers and a $100,000 fine for miscalculating balances owed on repossessed cars and for charging improper fees. It says the settlement is part of an effort to clean up "legacy issues." ... Read full article

The bank’s assets are capped at their current level of $1.95 trillion; Citi, JPM and B of A will no longer allow bitcoin purchases on their credit cards. ... Read full article

In a strongly worded memo to staff of the Consumer Financial Protection Bureau Tuesday, acting Director Mick Mulvaney indicated the bureau will value the concerns of companies it regulates to the same extent as consumers. ... Read full article

Weak loan growth, a $3.25 billion litigation accrual and other costs tied to the phony-accounts saga all added up to a messy fourth quarter for the San Francisco bank. ... Read full article

The payments resolve a number of cases that date back to 2011 and were among the largest coordinated U.S. enforcement efforts in the years following the crisis. ... Read full article

The president's vow to come down hard on the San Francisco bank fans a debate about the independence of regulatory agencies such as the CFPB. ... Read full article