ASIC sues Westpac for failing to respond to hardship notices

By NS Banking Staff Writer

05 Sep 23

ASIC also alleges that Westpac breached the National Credit Act by failing to act efficiently, honestly and fairly…

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SEC Charges FinTech Investment Adviser Titan for Misrepresenting Hypothetical Performance of Investments and other Violations

By NS Banking Staff Writer

22 Aug 23

Titan, which offers multiple complex strategies to retail investors through its mobile trading app, made misleading statements on…

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Wall Street banks fined $549m over unauthorised off-channel communications

By NS Banking Staff Writer

09 Aug 23

The SEC and CFTC fined Wells Fargo and its two affiliates, BNP Paribas, Société Générale (SocGen), Bank of…

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UBS to pay $388m to resolve claims over Credit Suisse’s relationship with Archegos

By NS Banking Staff Writer

25 Jul 23

As part of the settlement, Credit Suisse will pay $269m to the Federal Reserve and £87m ($119m) to…

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US Federal Reserve slaps Deutsche Bank with $186m fine over AML failures

By NS Banking Staff Writer

20 Jul 23

The US Federal Reserve imposed the fine based on the bank’s failure to adhere to anti-money laundering and…

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Former Wells Fargo senior executive Carrie Tolstedt agrees to settle SEC fraud charges

By NS Banking Staff Writer

31 May 23

The SEC previously settled related charges against Wells Fargo and its former CEO and Chairman, John Stumpf

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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…

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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,…

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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

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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…

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