fines

Wells Fargo Settles With SEC Over AML Reporting
Wells Fargo Settles With SEC Over AML Reporting
November 15, 2017  |  Security & Fraud

Wells Fargo Advisors and the Securities and Exchange Commission (SEC) reached a settlement this week resolving charges that the bank dropped the ball in reporting...

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Wells Fargo To Pay $3.4M Fine Over Complex ETPs
Wells Fargo To Pay $3.4M Fine Over Complex ETPs
October 17, 2017  |  Bank Regulation

The Financial Industry Regulatory Authority (FINRA) announced news on Monday (Oct. 16) that it has ordered Wells Fargo Clearing Services and Wells Fargo Advisors Financial...

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Today in Data: Wells Fargo Updates
Today in Data: Wells Fargo Updates
July 31, 2017  |  Today In Data

To say that it’s been a rough few years for Wells Fargo would be an understatement. Within just the last few months, we’ve reported on...

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Wells Fargo To Pay For $163M Dumping Claim
Wells Fargo To Pay For $163M Dumping Claim
October 04, 2016  |  Banking

The legal hits — via fines — keep on coming for Wells Fargo. As reported by Courthouse News Service, the financial giant has been ordered to...

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Lawmakers Pull No Punches For Wells’ Stumpf
Lawmakers Pull No Punches For Wells’ Stumpf
September 30, 2016  |  Banking

Wells Fargo CEO John Stumpf went to Washington on Thursday (Sept. 29) for the second time this month. And it was not exactly a lark...

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Customer Reporting Mishaps Cost Banks Billions
Customer Reporting Mishaps Cost Banks Billions
March 29, 2016  |  Security & Fraud

The biggest investment banks in the world have faced $43 billion in fines over the past several years, and research has shown that among the...

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Fed Fines HSBC $131M Over Loan Deficiencies
Fed Fines HSBC $131M Over Loan Deficiencies
February 08, 2016  |  Regulation

The Federal Reserve Board announced on Friday (Feb. 5) that it has levied a $131 million penalty against HSBC North America Holdings and HSBC Finance Corp....

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