Search results
Results from the WOW.Com Content Network
Operation Choke Point was an initiative of the United States Department of Justice beginning in 2013 [1] which investigated banks in the United States and the business they did with firearm dealers, payday lenders, and other companies that, while operating legally, were said to be at a high risk for fraud and money laundering.
Citigroup shares closed up 2.5%, Bank of America rose 1.4%, and Wells Fargo edged up 1.1% as the banking giants’ stocks gave back some of their earlier gains.
(Bloomberg) -- Wells Fargo & Co.’s main regulator is preparing civil charges against former managers related to their roles in its retail banking scandals, people familiar with the matter said ...
Wells Fargo's sales culture and cross-selling strategy, and their impact on customers, were documented by the Wall Street Journal as early as 2011. [5] In 2013, a Los Angeles Times investigation revealed intense pressure on bank managers and individual bankers to produce sales against extremely aggressive and even mathematically impossible [7] quotas. [8]
This information includes details such as the names, addresses, dates of birth, and identification numbers of individuals who ultimately own or control companies. By centralizing this data, FinCEN supports law enforcement efforts to investigate and prosecute financial crimes, ensuring greater accountability and integrity within the corporate ...
The payments are part of the settlement that is meant to compensate consumers for the banks' wrongdoing. In this video, Motley Fool. Skip to main content. Sign in. Mail. 24/7 Help. For premium ...
At this point, Labelle claims the bank had paid out another $168,000 in additional construction loan draws to him. “In between that time when I realized that something was terribly wrong,” she ...
New York v. Trump is a civil investigation and lawsuit by the office of the New York Attorney General (AG) alleging that individuals and business entities within the Trump Organization engaged in financial fraud by presenting vastly disparate property values to potential lenders and tax officials, in violation of New York Executive Law § 63(12).