Youlei Tang, also known as Alex Tang, on June 4 entered into a consent cease-and-desist order with the Federal Reserve Board over his removal while working at Goldman Sachs Co., New York, of documents containing […]
Violations of the Bank Secrecy Act (BSA) and related rules are continuing to be addressed by three federal branches of MUFG Bank Ltd., Tokyo, Japan, under a consent cease-and-desist (C&D) order executed Thursday with the […]
A former employee of Frost Bank in San Antonio, Texas, has entered into a consent and cease-and-desist order with the Federal Reserve that bars him from future service in any federally insured financial institution and […]
A cease-and-desist order against payments technology provider Higher One, Inc., from 2015 related to a student financial aid refund disbursement program has been terminated, the Federal Reserve Board said in a release Tuesday. Higher One, […]
Deficiencies in internal controls and trader oversight at The Goldman Sachs Group, Inc., landed the firm a cease-and-desist order and $54.75 million civil money penalty (CMP) from the Federal Reserve Board (Fed), which coordinated its […]
“Significant deficiencies” in risk management and compliance relating to anti-money laundering laws, including the Bank Secrecy Act (AML/BSA), are cited by the Federal Reserve in a cease-and-desist order issued Tuesday against the Industrial and Commercial […]
Wells Fargo Bank was slapped with sanctions, including limits on its growth and removal of some of its board members by April, the Federal Reserve said Friday. The regulator said the sanctions on the firm’s […]
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