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In the aftermath of Louisiana's largest bank failure, Ashton Ryan Jr. was convicted on all 46 counts against him. U.S. Attorney Duane Evans called the case a "theft of epic proportions."
February 13
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The Community Bankers Association of Illinois is calling on regulators to issue guidance that would make large financial institutions toughen customer verification and be more cooperative in resolving disputes over falsified checks.
February 9
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A reporter tried for more than two years to speak with Michael Bacon, the megabank's former chief security officer. Bacon eventually sat for around 30 interviews, painting a detailed picture of the Wells executive suite as the fake-accounts scandal unfolded.
February 9
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The bank's delay in investigating the case forced the plaintiff to resign from the bank in July 2021, according to the complaint. Wells said that it takes allegations of misconduct "very seriously."
February 8
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Derivatives markets were hobbled for several days by hackers using malware from LockBit, who said ION paid the ransom.
February 8
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JPMorgan Chase pushed back on allegations that its former executive Jes Staley "personally observed" Jeffrey Epstein's abuse, calling them "unsupported" and "conclusory."
February 8
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As the cryptocurrency mania raged, Congress took a hands-off approach, keeping the fast-growing industry in legal limbo as it spawned startups and drew billions of dollars from investors. That's left it to the courts to deal with the wreckage.
February 8
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Wells Fargo will pay $300 million to settle a lawsuit claiming it improperly charged customers for unneeded auto-collision protection insurance — and hid the practice from investors.
February 7
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A former Coinbase Global manager admitted participating in a scheme to trade on confidential information about when the exchange was going to list new tokens.
February 7
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Signature Bank was accused in a lawsuit by an investment firm of facilitating the FTX collapse by allowing the now-defunct crypto exchange to commingle customer accounts with its blockchain network.
February 7
