Wells Fargo to Claw Back $75 Million From Former Executives
Posted 04/10/17
By the C|C Whistleblower Lawyer Team
Wells Fargo’s board announced that it would recover an addition $75 million in compensation from former CEO John Stumpf and former head of community banking Carrie Tolstedt. Wells Fargo released a 113 page report in conjunction with the announcement that called the warning signs of the problem involving fake accounts “glaring” and demonstrated a decentralized culture that...
By the C|C Whistleblower Lawyer Team
Lloyds Banking Group revealed a 100 million pound ($125 million) compensation scheme for victims of a fraud for which six people were jailed this year, as Britain's financial watchdog reopened a probe into the case. Lloyd’s is Britain's biggest mortgage lender and has been under pressure to compensate the victims at its HBOS business, who say it reacted too slowly to their...
A federal regulator on 
American companies are no strangers to the extractive industries in Africa. Exxon has operated on the continent for more than 
By the C|C Whistleblower Lawyer Team
A special website created as a resource for current and former Wells Fargo employees on workplace issues, 
By the C|C Whistleblower Lawyer Team
This week's Department of Justice "Catch of the Week" is shared between Deutsche Bank and Credit Suisse. On Tuesday, the two European-based banking giants agreed to pay more than $12 billion between them to resolve charges they misled investors in the packaging, securitization, marketing, sale and issuance of residential mortgage-backed securities (RMBS) in the years leading...
By the C|C Whistleblower Lawyer Team
This week's Department of Justice "Catch of the Week" goes to PNC Bank N.A. On Tuesday, the Pittsburgh-based national banking association agreed to pay $9.5 million to resolve allegations it violated the 
By the C|C Whistleblower Lawyer Team
This week's Department of Justice "Catch of the Week" goes to Buffalo, New York-based M&T Bank Corp. Today, the bank agreed to pay $64 million to settle charges it violated the 
By Yulia Tosheva
On 7 March 2016, the new rule requiring UK deposit-takers (banks, building societies and credit unions), PRA-designated investment firms and insurers to appoint a senior manager as their whistleblowing champion came into force. The whistleblowers’ champion will be responsible for ensuring the integrity, independence and effectiveness of the firm’s policies and procedures on whistleblowing. A...