As we discussed, the Federal Reserve’s probing of Marcus is into around a $4.6B loss by Goldman Sachs:
We have a FOIL Probe Into Wells Fargo that NY-DFS keeps delaying.
Violation Tracker Current Parent Company Summary
Current Parent Company Name: Wells Fargo
Ownership Structure: publicly traded (ticker symbol WFC)
Headquartered in: California
Major Industry: financial services
Specific Industry: banking
Penalty total since 2000: $21,881,892,841
Number of records: 222
TOP 5 OFFENSE GROUPS (GROUPS DEFINED) | PENALTY TOTAL | NUMBER OF RECORDS |
---|
financial offenses | $10,402,453,489 | 121 |
consumer-protection-related offenses | $6,421,664,484 | 36 |
competition-related offenses | $3,148,000,000 | 3 |
government-contracting-related offenses | $1,204,046,786 | 2 |
employment-related offenses | $705,192,082 | 54 |
TOP 5 PRIMARY OFFENSE TYPES | PENALTY TOTAL | NUMBER OF RECORDS |
---|
mortgage abuses | $5,625,783,671 | 7 |
banking violation | $4,023,432,386 | 17 |
toxic securities abuses | $3,637,750,000 | 7 |
fraud | $3,000,000,000 | 1 |
investor protection violation | $2,487,362,735 | 82 |