Citigroup has now been fined more than half a billion dollars after CEO Jane Fraser staked her tenure on fixing the bank – Fortune
Two government regulators on Wednesday fined Citigroup Inc. $135.6 million for failing to resolve long-running internal control and risk problems, a blow to the bank’s Chief Executive Officer, Jane Fraser, who has staked her career on making the bank leaner and less complex. The penalties were imposed by the Federal Reserve and the Office of […]
Fifth Third Bank fined $20 million for opening fake accounts, forcing people into vehicle insurance – AOL
Fifth Third Bank has been fined $20 million for opening unauthorized accounts in customers’ names and forcing borrowers who already had auto insurance to sign up for the programs, the Consumer Financial Protection Bureau announced Tuesday. The bank must pay penalties in addition to compensation to 35,000 affected consumers, 1,000 of whom have had their […]
Tour de France cyclist fined for stopping to kiss wife
French cyclist Julien Bernard has been fined for “inappropriate behaviour” during the famous Tour de France after he stopped briefly to kiss his wife and baby. The incredible moment happened just 15 minutes into the seventh stage of the famous race. As the course passed through Bernard’s home region of Burgundy, he was greeted by […]