The Swiss banking giant, which acquired its rival earlier this year, will cover regulatory fines related to Credit Suisse’s mismanagement in the collapse of the investment firm Archegos in 2021.
Category: Fines (Penalties)
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The Fed Slaps Deutsche Bank With a $186 Million Fine
The regulator said the German lender was too slow to comply with orders to address its money-laundering controls.
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University of Tennessee Fined Millions for Cash Payments to Athletes
The N.C.A.A. said Tennessee had a culture of wrongful payments to athletes, including cash for hotels, meals and car payments, among other things. The university was fined $8 million but avoided a postseason ban.
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Bank of America Fined $150 Million Over ‘Junk Fees’
The bank double-charged overdraft fees, withheld card perks and opened unauthorized accounts, regulators said. It will repay customers more than $80 million.
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China Hits Ant Group with $985 Million Fine
After nearly three years of regulatory scrutiny, the fine is seen as a sign that Beijing is wrapping up its crackdown on technology firms.
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G.M. and Stellantis Paid $364 Million in Fuel Economy Fines
The automakers paid the federal government for falling short of efficiency standards for cars and trucks in recent years.
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Amazon to Pay $25 Million to Settle Children’s Privacy Charges
Regulators said the tech giant kept children’s Alexa voice recordings “forever,” violating a children’s privacy law.
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West Virginia Suspends Bob Huggins and Cuts His Pay Over Homophobic Slur
Huggins, the men’s basketball coach at West Virginia since 2007, must also take sensitivity training after using the slur twice and mocking Catholics on a radio program this week.
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Their Reputations Precede Them. And That’s the Problem.
When an athlete breaks the rules of the game, he or she may be judged on much more than that single act. Call it the Draymond Green Effect.
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N.F.L. Suspends Detroit Lions, Washington Commanders Players for Gambling
Quintez Cephus and C.J. Moore of the Detroit Lions and Shaka Toney of the Washington Commanders were suspended indefinitely for betting on N.F.L. games, and two other Lions players will sit out six games for gambling violations.