From its software house in Vietnam, 1Byte devised a network of fake identities with forged American passports to cash out customer payments into bank accounts ... at least $2 million in customer ...

Bank of America will reimburse customers more than $100 million and pay $150 million in fines for "double-dipping" on overdraft fees, withholding reward bonuses on credit cards and opening ...

Charlotte-based Bank of America is paying over $100 million to compensate customers ... penalties and investigations following its 2016 fake accounts scandal. That involved bank employees creating ...

Three former Wells Fargo executives must pay $18.5 million for their role in the bank’s widespread fake sales accounts scandal ... “This case stems from one of the largest scandals in banking ...

The development marks a rare instance of a senior bank executive facing prison time as a result of their job. Sign up here. She also faces a civil penalty of $17 million announced separately by ...

Former Wells Fargo senior executive Carrie Tolstedt was sentenced to three years of probation for covering up a widespread fake account ... guilty to one count of obstruction of a bank examination ...

(Reuters) - Fifth Third Bancorp will pay $20 million in civil fines ... anything," shortly before he woke up one morning to find his car missing. The fake accounts settlement requires a judge's ...

Fifth Third Bank on Tuesday said ... require the bank to pay $15 million in penalties pertaining to practices that incentivized employees to create fake customer accounts. The proposed order ...

Believing everyone else on the call was real, the worker agreed to remit a total of $200 million Hong Kong dollars – about $25.6 million, the police officer added. The case is one of several ...