As we discussed, the Federal Reserve’s probing of Marcus is into around a $4.6B loss by Goldman Sachs: Goldman Sachs Faces Fed Scrutiny of Money-Losing Marcus Consumer Unit https://www.bloomberg.com/news/articles/2022-09-16/goldman-faces-fed-scrutin... Moreover, xNY.io - Bank.org points out that Wells Fargo has paid fines of over $21B+ below: https://violationtracker.goodjobsfirst.org/parent/wells-fargo We have a FOIL Probe Into Wells Fargo that NY-DFS keeps delaying. Violation Tracker Current Parent Company SummaryCurrent 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 <https://violationtracker.goodjobsfirst.org/pages/offense-groups>)PENALTY TOTALNUMBER 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 TYPESPENALTY TOTALNUMBER 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
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Gunnar Larson