Lexology PRO | Global, USA | 27 Apr 2022
Shareholders at Bank of America, Citigroup and Wells Fargo have refused to back to climate proposals from activist investors requiring them to implement stricter fossil fuel financing policies.
Herbert Smith Freehills LLP | Australia | 17 Mar 2022
The High Court of Australia has unanimously dismissed the appeal of Wells Fargo Trust Company, National Association (Wells Fargo) on the construction…
PRO Compliance | Global, USA | 3 Nov 2020
The agency’s annual report highlights its record enforcement numbers, its likely response to a Supreme Court ruling limiting its disgorgement powers, a significant uptick in whistleblower payouts and the agency’s first virtual trial amid the coronavirus pandemic.
PRO Compliance | USA | 8 Oct 2020
A US banking regulator has handed Citibank a $400 million penalty over “unsafe or unsound” banking practices.
PRO Compliance | Egypt, European Union, Global, etc. | 4 Aug 2020
Samantha Gilbert looks at the obligations on non-financial businesses and non-banks in financial crime regulations around the world, and analyses how compliance teams can ensure they are meeting them.
Cozen O'Connor | USA | 2 Mar 2020
As many of you may know, Cozen O’Connor was victorious last year in obtaining a ruling by the New Jersey Supreme Court in Sun Life Assurance Company…
Paul, Weiss, Rifkind, Wharton & Garrison LLP | USA | 24 Feb 2020
On February 21, 2020, Wells Fargo & Company and its subsidiary, Wells Fargo Bank, N.A. (collectively, “Wells Fargo”), entered into resolutions with…
Robins Kaplan LLP | USA | 24 Feb 2020
Wells Fargo & Co. agreed to pay a total of $3 billion to resolve criminal and civil investigations by the DOJ and SEC. Wells Fargo admitted “that it…
Paul, Weiss, Rifkind, Wharton & Garrison LLP | USA | 28 Jan 2020
As the latest chapter in the aftermath of the Wells Fargo fake accounts scandal, on January 23, 2020, the Office of the Comptroller of the Currency…
Jenner & Block LLP | USA | 11 Nov 2019
On November 6, a jury in the Eastern District of Texas awarded the United Services Automobile Association (USAA) a $200 million verdict finding that…