The Office of the Comptroller of the Currency (OCC) today released its latest round of enforcement actions taken against national banks, federal savings associations, and individuals affiliated with OCC-supervised banks.
The Financial Conduct Authority fined the Hong Kong Shanghai Banking Corporation (HSBC) and Marks and Spencer Financial Services plc(HSBC) £6,280,100 for mishandling and mistreating customers who were financially vulnerable.
The Securities and Exchange Commission has fined Intercontinental Exchange Inc. (ICE) $10 million for failing to properly inform regulators about a cybersecurity breach at the company and its subsidiaries, including the New York Stock Exchange.
In a case highlighting risks around computer-driven trading, Citigroup's UK subsidiary was slapped with $68 million in fines by British regulators after a trader's fat-finger error caused over $1.4 billion of equities to be accidentally sold in a matter of minutes.
The Public Company Accounting Oversight Board (PCAOB) announced a settled disciplinary order against audit firm MaloneBailey, LLP for violations of PCAOB rules and quality control standards.
Germany's financial regulator BaFin has imposed a €9.2 million fine on digital bank N26 for systematic delays in reporting suspected money laundering cases in 2022.
Cape Cod Hospital in Hyannis, Massachusetts has agreed to pay $24.3 million to resolve allegations that it violated the False Claims Act by knowingly submitting claims to Medicare for certain cardiac procedures that failed to meet federal requirements.