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Honda Hit With $70 Million Fine For Failing To Report Deaths
Honda Motor Co has agreed to pay $70 million in penalties to the U.S. government for failing to report hundreds of injuries, deaths and other consumer claims involving its cars, transportation...
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Pattern of Disobedience at Direct Edge Spurs Record Fine
The record fine recently slapped on two U.S. stock exchanges was the result of a history of failing to meet regulators’ demands, according to people familiar with the matter. In January, the Securities...
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Co-Op Bank escapes fine despite drug scandal, failings
Co-operative Bank will not be fined for failings which helped push the bank to the brink of collapse before it was bailed out by bondholders, Britain’s financial regulator said on Tuesday. The...
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FINRA Sanctions Edward Jones $13.5M
FINRA hit five broker-dealers with $18 million in sanctions for overcharging clients and charities on mutual funds. Edward Jones faces the largest penalty: $13.5 million. Stifel was hit with $2.9...
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PHH to pay $28 million fine over mortgage practices, NY governor says
(Reuters) – PHH Corp will pay a $28 million fine after examiners uncovered “persistent shortcomings” in its mortgage origination and servicing practices, New York Governor Andrew Cuomo announced on...
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PwC Fined $6.6 Million in Largest-Ever Penalty From Watchdog
PricewaterhouseCoopers LLP was fined 5.1 million pounds ($6.6 million) for misconduct over its audit of RSM Tenon Group Plc in the largest-ever sanction issued by the U.K. accounting regulator. The...
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U.S. watchdog may fine Habib Bank, Pakistan’s biggest lender, up to $630 million
ISLAMABAD (Reuters) – The New York State Department of Financial Services (DFS) said it is seeking to fine Habib Bank Ltd, Pakistan’s biggest lender, up to $630 million for “grave” compliance failures...
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Oaktree Fined $100,000 by SEC Over Conflicted Political Giving
Oaktree Capital Group LLC will pay a $100,000 fine for allegedly violating U.S. rules that bar money managers from making political contributions to officials who have sway over which hedge funds and...
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Wells Fargo fined more than $2 billion for mortgage abuses
The U.S. Attorney’s office in California said Wednesday it is fining Wells Fargo more than $2 billion for mortgages it made and sold in the run-up to the financial crisis, the latest blow to the San...
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Societe Generale to Pay €1.2 Billion in Penalties to US Authorities
French multinational bank Societe Generale announced today that it expects to pay €1.2 billion ($1.4 billion) in penalties to United States authorities to settle international sanction violations in...
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