Wells Fargo agrees to pay $1bn to resolve fake account scandal lawsuit

By NS Banking Staff Writer

17 May 23

The shareholders accused the company of giving misleading information about its recovery from a series of scandals, including…

Banking ServicesRegulation

HSBC agrees to pay $75m in penalty to resolve CFTC charges

By NS Banking Staff Writer

15 May 23

The CFTC ordered HSBC to pay $45m penalty for deceptive trading related to swaps with bond issuers, spoofing,…

Banking ServicesRegulation

SEC Charges HSBC and Scotia Capital with Widespread Recordkeeping Failures

By NS Banking Staff Writer

12 May 23

Firms admit to wrongdoing and agree to pay penalties in SEC’s ongoing recordkeeping initiative

Banking ServicesRegulation

Goldman Sachs agrees to pay $215m to resolve gender inequality lawsuit

By NS Banking Staff Writer

10 May 23

The settlement, which covers about 2,887 current and former female vice presidents and associates, prevents a trial planned…

Banking ServicesRegulation

LHV Secures UK Banking Licence from the PRA

By NS Banking Staff Writer

04 May 23

LHV Bank has made significant investments in technology, implementing the best-in-class core-banking solution, developing leading cloud-native services and…

Banking ServicesRegulation

US regulator to probe JPMorgan’s due diligence on previous deals

By NS Banking Staff Writer

10 Apr 23

The news follows the US government filing criminal charges on Charlie Javice, the founder of the currently closed…

Banking ServicesRegulation

Wells Fargo fined $97.8m for violating US sanctions regulation

By NS Banking Staff Writer

31 Mar 23

The US Federal Reserve Board has fined $67.8m for the company’s inadequate monitoring of sanctions compliance at its…

Banking ServicesRegulation

BaFin orders moratorium on Silicon Valley Bank Germany Branch

By NS Banking Staff Writer

14 Mar 23

The moratorium against Silicon Valley Bank Germany Branch had to be ordered to secure the assets in an…

Regulation

FINMA sees no sufficient grounds for proceedings following investigations into statements on outflows of client funds at Credit Suisse

By NS Banking Staff Writer

13 Mar 23

FINMA has investigated whether the statements give rise to indications of a violation of financial market law, which…

Banking ServicesRegulation

New Treasury Report Assesses Opportunities, Challenges Facing Financial Sector Cloud-Based Technology Adoption

By NS Banking Staff Writer

09 Feb 23

The report also recommends further evaluation from Treasury and the broader financial regulatory community to continue to determine…

Banking ServicesRegulation