Penalties and fines

The bank revealed Friday that it is facing hefty regulatory penalties and will likely have to restate first-quarter earnings. Declines in loan balances and fee income and questions about upcoming stress tests are only adding to investors' worries.

A $1 billion penalty being bandied about; Deutsche’s problems may be too big to eradicate.

The subprime auto lender paid $2.9 million to Connecticut consumers and a $100,000 fine for miscalculating balances owed on repossessed cars and for charging improper fees. It says the settlement is part of an effort to clean up "legacy issues."

The bank’s assets are capped at their current level of $1.95 trillion; Citi, JPM and B of A will no longer allow bitcoin purchases on their credit cards.

In a strongly worded memo to staff of the Consumer Financial Protection Bureau Tuesday, acting Director Mick Mulvaney indicated the bureau will value the concerns of companies it regulates to the same extent as consumers.

Weak loan growth, a $3.25 billion litigation accrual and other costs tied to the phony-accounts saga all added up to a messy fourth quarter for the San Francisco bank.

The payments resolve a number of cases that date back to 2011 and were among the largest coordinated U.S. enforcement efforts in the years following the crisis.

Thirty-nine credit unions will pay fines for filing 5300s after deadline, a three-fold increase over the previous quarter and the highest number of CUs to consent to penalties in over a year.

The president's vow to come down hard on the San Francisco bank fans a debate about the independence of regulatory agencies such as the CFPB.

The president wrote Friday on Twitter that penalties against the San Francisco bank will be maintained, or possibly strengthened. The comments are likely to fuel a growing controversy about the independence of federal financial regulators.

HSBC's private-banking unit was fined a record $51 million over sales of structured products linked to Lehman Brothers in Hong Kong.

Policymakers have made significant progress in the assigning of regulatory accountability, but more work is necessary.

German bank says the $220 million settlement closes the book on its Libor-related misdeeds; reopening mandatory arbitration could backfire on banks.

Bank of America set aside $100 million in its reserves for representation and warranty claims ahead of a pending settlement to resolve legacy mortgage issues.

The workers who have been brought back do not include any of the more than 5,000 employees who were fired for alleged misconduct, according to the company.

All 12 credit unions subject to late fees had assets of $50 million or less.

Auditors performing a review of Ocwen Financial padded time sheets and claimed excessive and improper expenses, including lengthy travel and meals at strip clubs and casinos, according to a lawsuit filed against Fidelity Information Services.

The regulator said that the Bank of Lake Mills, Freedom Stores and Military Credit Services violated the FTC Act.

The London-based bank overbilled customers by nearly $50 million through violations including collecting excess mutual fund fees.

The founders of the South Carolina bank, which liquidated after lavish spending and losses depleted its capital, paid a total of $55,000 in fines and face restrictions on future employment.