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Unlike Wells Fargo's unauthorized account openings, concerns in 2003 about banks discounting rates on loans in exchange for customers buying investment-banking products were less about consumer protection than the potential harm to credit quality and competition.
September 16
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Deutsche Bank said the U.S. Justice Department is seeking $14 billion to settle a probe tied to residential mortgage-backed securities, more money than it's willing to pay.
September 16 -
Still smarting from criticism after it failed to prosecute any high-level executives following the financial crisis, Justice Department investigators are likely to target senior executives at Wells Fargo as they investigate wrongdoing there, according to former DOJ officials.
September 15 -
House Democrats made an unusual move this week to avoid offering amendments or engaging in debate over a massive financial reform bill. Here's why.
September 15 -
Kentucky district court judge rules that the courts cannot interfere with the GSE regulator's wind down of Fannie Mae and Freddie Mac.
September 15 -
The Federal Reserve's annual stress testing regime violates federal administrative law, a coalition of banking groups said in a white paper released Thursday, likely previewing a court battle that could have far-reaching consequences for the program.
September 15 -
Federal prosecutors are investigating Wells Fargo in connection with the banks sales practices after it agreed to pay $190 million in fines and restitution for opening more than 2 million unauthorized accounts, according to a person familiar with the Justice Department investigation.
September 15 -
John Stumpf was coasting toward a carefully planned retirement. But the outcry over sham accounts at the San Francisco bank has put him in a precarious position as he testifies in front of Congress next week.
September 14 -
The revelation of widespread fraud at Wells Fargo branches suggests that no matter how well run a large bank appears to be, it can't detect systemic problems within its own ranks.
September 14 -
With the risk-taking culture at big banks including that which contributed to the Wells Fargo fiasco it's a good thing the House bill to weaken Dodd-Frank will never become law.
September 14
Marlin & Associates Securities


