investigations

Ex-Wells Fargo Retail Banking Head Tolstedt Gets Probation
Ex-Wells Fargo Retail Banking Head Tolstedt Gets Probation
September 15, 2023  |  Legal

A former Wells Fargo executive has been sentenced to probation for her role in a scandal that rocked the bank in 2016. Carrie L. Tolstedt, a former...

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TD Bank Faces Anti-Money Laundering Probes From US Regulators
TD Bank Faces Anti-Money Laundering Probes From US Regulators
August 24, 2023  |  AML

TD Bank has disclosed that it is cooperating with inquiries from regulators and law enforcement regarding its compliance with anti-money laundering rules. The bank made this...

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Microsoft’s Teams Target of EU Antitrust Investigation
Microsoft’s Teams Target of EU Antitrust Investigation
July 27, 2023  |  ANTITRUST

Is Microsoft forcing customers to purchase its video conferencing app Teams? That’s what a European Commission (EC) antitrust investigation hopes to determine. The commission announced Thursday (July 27) it had begun...

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Report: FTC Investigating OpenAI Data Security and Other Issues
Report: FTC Investigating OpenAI Data Security and Other Issues
July 13, 2023  |  artificial intelligence

The Federal Trade Commission (FTC) is reportedly investigating OpenAI for issues around false information and data security. The regulator has sent a letter to the...

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Fed and SEC Probe Goldman Sachs’ Actions in SVB’s Last Days
Fed and SEC Probe Goldman Sachs’ Actions in SVB’s Last Days
June 15, 2023  |  Banking

Federal officials are reportedly probing Goldman Sachs’ involvement in the final days of Silicon Valley Bank. A report by The Wall Street Journal (WSJ) Thursday...

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Report: Indian Regulator Investigating Google’s Fees for In-App Payments
Report: Indian Regulator Investigating Google’s Fees for In-App Payments
May 12, 2023  |  ANTITRUST

An Indian regulator has reportedly begun an antitrust investigation into Google. The inquiry by the Competition Commission of India (CCI) centers on a service fee...

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Credit Suisse, UBS and US Banks Reportedly Face DOJ Investigation
Credit Suisse, UBS and US Banks Reportedly Face DOJ Investigation
March 24, 2023  |  Banking

Credit Suisse, UBS and some U.S. banks are reportedly being investigated. Individuals at the two Swiss banks and the unspecified major U.S. banks were recently...

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DOJ and SEC Investigating Silicon Valley Bank and 2 Officers
DOJ and SEC Investigating Silicon Valley Bank and 2 Officers
March 14, 2023  |  Banking

Prosecutors and regulators are reportedly investigating Silicon Valley Bank and two of its executives. The United States Department of Justice (DOJ) and the Securities and...

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Crypto’s Lapses Hold Big Industry Lessons
Crypto’s Lapses Hold Big Industry Lessons
February 16, 2023  |  Cryptocurrency

For the cryptocurrency industry to grow, sector foibles can’t keep looking so avoidable in retrospect. This, as a recent class action lawsuit filed in California...

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