All Banking articles – Page 5
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Washington Federal promotes chief risk officer to CFO
Washington Federal, the parent company of Washington Federal Bank, announced the promotion of Chief Risk Officer Kelli Holz to chief financial officer.
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ArticleWells Fargo ordered to pay ex-manager $22M in SOX whistleblower case
Wells Fargo must pay more than $22 million to a former senior banking executive who alleged to the Occupational Safety and Health Administration they were retaliated against for blowing the whistle on financial misconduct.
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Atlantic Union Bank appoints chief risk officer
Atlantic Union Bank announced the appointment of Sherry Williams as chief risk officer.
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Lawsuit: HSBC Bank exec alleges discrimination, unauthorized WhatsApp use
Monique Thacker, a current HSBC Bank USA executive, claimed in a federal lawsuit she was discriminated and retaliated against for raising regulatory violations involving unauthorized communications by bank employees that were downplayed or ignored by management.
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Big bank messaging app crackdown exposes policy holes, monitoring struggles
U.S. regulators have signaled through an impending widespread enforcement sweep they are zeroing in on banker use of messaging apps to discuss business matters. The cases emphasize the need for financial services firms to enhance their monitoring and recordkeeping.
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Rockland Trust appoints chief risk officer
Rockland Trust and its parent company Independent Bank Corp. announced the appointment of Dawn Mugford as chief risk officer.
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Citigroup broker-dealer fined $15M for inadequate U.K. trade monitoring
Citigroup Global Markets was fined £12.6 million (U.S. $14.9 million) by the U.K.’s Financial Conduct Authority for failing to implement an adequate trade surveillance program required by British law.
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Ex-Rabobank CEO fined $20K for withholding AML report
John Ryan, the former CEO of Rabobank, N.A., was fined $20,000 by the Office of the Comptroller of the Currency for his alleged role in obstructing a Bank Secrecy Act program examination that would lead to significant fines for the bank.
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EagleBank fined $23M over improper lending, disclosure practices
EagleBank agreed to pay nearly $23 million in penalties for improperly loaning approximately $90 million to family trusts controlled by its former CEO over three years, then misleading investors about the loans.
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Texas Capital Bancshares appoints chief compliance officer
Texas Capital Bancshares, the parent company of Texas Capital Bank, announced the appointment of Vivek Misra as executive vice president, chief compliance officer.
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Ex-JPMorgan traders found guilty in spoofing case
Gregg Smith and Michael Nowak, former precious metals traders at JPMorgan Chase, were found guilty of fraud, attempted price manipulation, and spoofing as part of a near decade-long market manipulation scheme involving thousands of illegal trades.
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Senators demand answers from U.S. Bank on fake accounts scandal
Democratic senators are calling on U.S. Bank to answer questions before a Senate committee regarding an alleged fake accounts scandal the bank recently paid $37.5 million to settle.
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Roundup: Goldman Sachs, Citi, Robinhood disclose regulatory investigations
Goldman Sachs Group, Citigroup, and Robinhood Markets each issued quarterly filings disclosing regulatory investigations they are respectively facing into varied business practices.
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Wells Fargo confirms DOJ probe into diversity hiring practices
Wells Fargo disclosed in a regulatory filing the Department of Justice has opened an investigation into the bank’s “hiring practices related to diversity.”
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MUFG appoints chief risk officer for American subsidiaries
Mitsubishi UFJ Financial Group, the largest bank in Japan, announced the appointment of Denis McHugh as chief risk officer for MUFG Securities Americas and market risk management officer for MUFG Americas Holdings, effective Aug. 30.
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Synovus Financial appoints chief risk officer
Synovus Financial announced the appointment of Shellie Creson as chief risk officer.
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Judge: Ex-JPMorgan compliance exec’s retaliation claims credible for trial
A jury could conclude allegations made by a former JPMorgan Chase compliance executive who said she was fired for blowing the whistle have merit, a federal judge ruled.
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U.S. Bank fined $37.5M over fake accounts scheme
U.S. Bank agreed to pay a $37.5 million fine and to return fees charged to customers related to the bank’s alleged opening of accounts and access of credit reports without their permission, the Consumer Financial Protection Bureau announced.
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JPMorgan, UBS among 3 fined by SEC over ID theft programs
The Securities and Exchange Commission separately settled charges with three financial institutions that each allegedly failed to provide reasonable policies and procedures to identify relevant red flags of customer identity theft.
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Truist Financial names head of DEI
Truist Financial announced the appointment of Dominica Groom Williams as head of diversity, equity, and inclusion.
