Day: April 5, 2023

Wells Fargo to Pay $98M for ‘Deficient Oversight,’ Sanctions Violations

Wells Fargo will pay approximately $98 million in total penalties resulting from “unsafe or unsound practices relating to historical inadequate oversight of sanctions compliance risks at its subsidiary bank, Wells Fargo Bank,” the Federal Reserve Board announced. On March 30, the Federal Reserve Board announced that it fined Wells Fargo Read More