News & Analysis as of

Wells Fargo Federal Reserve Financial Institutions

Smith Anderson

Feds' Shift On Reputational Risk Raises Questions For Banks

Smith Anderson on

In a significant shift, each of the country's three federal bank regulatory agencies have announced they will no longer consider reputational risk as a stand-alone supervisory category. Originally published in Law360 -...more

A&O Shearman

US Board of Governors of the Federal Reserve System Issues Cease-and-Desist Order Against Large US Financial Institution

A&O Shearman on

The US Board of Governors of the Federal Reserve System issued a cease-and-desist order against a large US financial institution. The order requires the institution to utilize its resources to ensure compliance with consent...more

Sullivan & Worcester

Bank Corporate Governance—Fed lowers Boom on Wells’ Directors

Sullivan & Worcester on

On February 2, 2018, the Fed announced that it issued a consent Cease and Desist order with Wells Fargo—the bank holding company. The Fed’s press release noted that Wells is replacing 4 directors within this year (out of 17...more

Robins Kaplan LLP

Your Daily Dose of Financial News

Robins Kaplan LLP on

There’s been a hitch in Saudi Aramco’s IPO plans (mind-boggling $2 trillion possible valuation and all): where to list. The frontrunners, by the way, are the London Stock Exchange and the NYSE....more

Robins Kaplan LLP

Your Daily Dose of Financial News

Robins Kaplan LLP on

Goldman Sachs’ recent purchase of $2.8 billion in Venezuelan bonds has been kicking around the headlines for a few days now. Here’s what’s at stake for the country and the bank....more

Robins Kaplan LLP

Your Daily Dose of Financial News

Robins Kaplan LLP on

A review of the Fed minutes released yesterday shows the willingness of some Fed Governors to start rate raising again sooner rather than later....more

Robins Kaplan LLP

Your Daily Dose of Financial News

Robins Kaplan LLP on

Activist investor Carl Icahn has taken a sizeable stake in Bristol-Myers Squibb, a move that reportedly caught execs at the drugmaker unawares and sets the stage for a potential sale....more

Robins Kaplan LLP

Your Daily Dose of Financial News

Robins Kaplan LLP on

The bond market seems to have a pretty good guess of things to come, at least. The bond market lost more than $1 trillion in value last week, and 30-year US bond yields rose the most since January 2009—all in anticipation of...more

Robins Kaplan LLP

Lessons from the Wells Fargo Scandal

Robins Kaplan LLP on

Financial institutions must meet standards for safeguarding customer data given the particularly sensitive information they hold, and regulators have been stepping up their efforts to provide guidance on just how they must do...more

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