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The Wyoming-base crypto bank accused the Federal Reserve Board of working with the White House to block its access to the central bank's services.
February 17
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A federal judge in California ordered the high-cost lender CashCall to pay $134 million in restitution and a hefty fine for collecting unjust gains from consumers. He had previously ordered no restitution but was reversed by the Ninth Circuit Court of Appeals.
February 14
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In the aftermath of Louisiana's largest bank failure, Ashton Ryan Jr. was convicted on all 46 counts against him. U.S. Attorney Duane Evans called the case a "theft of epic proportions."
February 13
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The Community Bankers Association of Illinois is calling on regulators to issue guidance that would make large financial institutions toughen customer verification and be more cooperative in resolving disputes over falsified checks.
February 9
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A reporter tried for more than two years to speak with Michael Bacon, the megabank's former chief security officer. Bacon eventually sat for around 30 interviews, painting a detailed picture of the Wells executive suite as the fake-accounts scandal unfolded.
February 9
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The bank's delay in investigating the case forced the plaintiff to resign from the bank in July 2021, according to the complaint. Wells said that it takes allegations of misconduct "very seriously."
February 8
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Derivatives markets were hobbled for several days by hackers using malware from LockBit, who said ION paid the ransom.
February 8
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JPMorgan Chase pushed back on allegations that its former executive Jes Staley "personally observed" Jeffrey Epstein's abuse, calling them "unsupported" and "conclusory."
February 8
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As the cryptocurrency mania raged, Congress took a hands-off approach, keeping the fast-growing industry in legal limbo as it spawned startups and drew billions of dollars from investors. That's left it to the courts to deal with the wreckage.
February 8
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Wells Fargo will pay $300 million to settle a lawsuit claiming it improperly charged customers for unneeded auto-collision protection insurance — and hid the practice from investors.
February 7
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A former Coinbase Global manager admitted participating in a scheme to trade on confidential information about when the exchange was going to list new tokens.
February 7
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Signature Bank was accused in a lawsuit by an investment firm of facilitating the FTX collapse by allowing the now-defunct crypto exchange to commingle customer accounts with its blockchain network.
February 7
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Townstone Financial in Chicago had been accused of discriminating against certain consumers by trying to discourage them from applying for home loans. However, a judge ruled that federal law protects only actual applicants.
February 6
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After the scandal explodes, Wells Fargo's former chief security officer embarks on a long journey into the legal system.
February 6
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The top U.S. derivatives watchdog wants new cybersecurity rules as a recent attack on the software company ION Trading U.K. continues to roil the industry.
February 3
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Swiss prosecutors are investigating a data leak involving thousands of former Credit Suisse Group clients who'd reportedly held $100 billion with the bank, in a case set to further discourage whistleblowing in the secretive country.
February 3
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An article in the Los Angeles Times provides an opportunity for bank executives to address the underlying problems. Instead comes a focus on damage control.
February 3
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U.S. prosecutors in the Justice Department's fraud unit are looking into Silvergate Capital Corp.'s dealings with the fallen crypto giants FTX and Alameda Research, according to people familiar with the matter.
February 2
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The embattled FTX founder Sam Bankman-Fried has staved off a case alleging he broke Texas securities laws, after a judge ruled that the state regulator lacks jurisdiction to act against him.
February 2
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The bank establishes a committee with the express purpose of addressing employee misconduct. But as the problem of unauthorized customer accounts grows, it stops meeting.
February 2
