Regulators Fine Citi $136M for Failing to Fix Longstanding Data Issues July 11, 2024 By Michelle Price, Pete Schroeder and Tatiana Bautzer U.S. bank regulators fined Citigroup $136 million for making “insufficient progress” fixing data management issues identified in 2020 and required...
GM to Pay $145.8M Penalty After US Finds Excess Emissions July 5, 2024 By David Shepardson General Motors will pay a $145.8 million penalty and forfeit credits worth hundreds of millions of dollars after a U.S....
SEC Fines NYSE Parent Intercontinental Exchange $10M Over Cyber Incident May 23, 2024 The company that runs global financial exchanges and clearing houses has agreed to a $10 million fine to settle charges...
SEC Hits More Wall Street Firms With $81M in Fines Over Record-Keeping February 12, 2024 By Chris Prentice A new group of Wall Street firms has agreed to pay more than $81 million in civil penalties to settle...
TikTok Faces Fine as EU Prepares Probe Over Risks to Minors February 12, 2024 By Stephanie Bodoni and Jillian Deutsch TikTok owner ByteDance Ltd. faces the threat of hefty fines as the European Union prepares a probe under its strict...
OSHA Announces Penalty Increases for 2024 January 16, 2024 The Occupational Safety and Health Administration said it is slightly raising civil penalty amount for 2024, effective Jan. 16. The...
Cummins Agrees to Record-Setting Engine Emissions Settlement January 10, 2024 By David Shepardson Truck engine maker Cummins agreed to settle a lawsuit filed Wednesday by the Justice Department and California and pay a...
US SEC Enforcement Collected Nearly $5B in Financial Remedies Last Year November 15, 2023 By Chris Prentice The U.S. Securities and Exchange Commission (SEC) filed 784 enforcement actions in the fiscal year that ran through September, garnering...
Wall Street WhatsApp, Texting Fines Exceed $2.5 Billion August 9, 2023 By Austin Weinstein Wells Fargo & Co. and BNP Paribas SA are among firms that will pay hundreds of millions of dollars in...
More Big Corporate Settlements Coming, Says Departing Justice Dept Official August 7, 2023 By Sarah N. Lynch As Kenneth Polite steps down this month as the head of the U.S. Department of Justice’s Criminal Division, he will...