SEC enforcement

Can Scott Powell bring stability to Santander’s embattled U.S. auto unit?


Powell downplayed fears about subprime auto lending, saying he aims to improve Santander Consumer's compliance culture, beef up customer services and expand its relationship with Chrysler Capital.


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.


Banking panel approves Clayton as SEC chairman


The Senate Banking Committee approved the nomination of Jay Clayton as chairman of the Securities and Exchange Commission in a 15-8 vote on Tuesday.


SunTrust probed over mutual fund sales


The SEC is investigating the bank for selling clients mutual funds that charge marketing fees when other, cheaper funds were available. SunTrust expects an enforcement action.


Banc of California to pay ex-CEO Sugarman $4M after his resignation


Sugarman left less than two weeks after the SEC launched an investigation into company statements.