Industry
Banking
6 organizations and 21 assessed claims in banking.
Organizations
- Credit Suisse Group AGSwitzerland. 4 claims, 3 cases.
- Danske Bank A/SDenmark. 3 claims, 3 cases.
- Stanford International Bank LtdAntigua and Barbuda. 4 claims, 2 cases.
- Swedbank AB (publ)Sweden. 4 claims, 3 cases.
- The Goldman Sachs Group, Inc.United States. 3 claims, 2 cases.
- Wells Fargo & CompanyUnited States. 3 claims, 3 cases.
Claims
- Supported11
- Partly supported2
- Contradicted1
- Outdated6
- Unresolved1
- Supported92The Federal Reserve announced on 3 June 2025 that Wells Fargo is no longer subject to the asset growth restriction imposed in its 2018 enforcement action.
- Partly supported70FTI Consulting said the court receiver recovered about US$2.7 billion on behalf of more than 18,000 defrauded investors of Stanford International Bank.
- Outdated89AFP reported in September 2024 that a Swedish appeal court sentenced Swedbank's former chief executive to 15 months in prison for gross swindling over statements on money laundering links.
- Supported81Credit Suisse settled the Republic of Mozambique's London claim over the loans on the eve of trial.
- Outdated69Swedbank said in June 2023 that investigations by the US Justice Department and the SEC into the bank were ongoing.
- Supported98The US Department of Justice said on 13 December 2022 that Danske Bank pleaded guilty to conspiracy to commit bank fraud and agreed to forfeit US$2.059 billion.
- Outdated79Danske Bank announced in December 2022 that its US resolution placed it under a period of DOJ corporate probation as part of the Estonia matter.
- Supported88The US Department of Justice said in October 2021 that Credit Suisse entities resolved the Mozambique loan case with more than US$547 million in penalties, fines and disgorgement, including a guilty plea by its UK unit.
- Supported86The DOJ said the Mozambique project contractor paid about US$50 million in kickbacks to bankers at Credit Suisse's UK unit.
- Outdated84The October 2021 DOJ release presented Credit Suisse Group AG as the parent bank that entered the Mozambique deferred prosecution agreement.
- Supported91The US Department of Justice said in October 2020 that Goldman Sachs conspired to pay more than US$1.6 billion in bribes in connection with 1MDB bond deals.
- Outdated75Goldman's July 2020 agreement with the Government of Malaysia settled their 1MDB dispute on terms of a US$2.5 billion payment and a US$1.4 billion asset recovery guarantee.
- Supported68Swedbank said in March 2020 that a Clifford Chance report found high-risk transactions of about EUR 37 billion in its Baltic units, but could not conclude that money laundering took place.
- Supported92Sweden's financial regulator found in March 2020 that Swedbank had major deficiencies in its anti-money laundering work in the Baltics and fined it SEK 4 billion.
- Partly supported75An October 2018 Al Jazeera report said some EUR 200 billion in suspicious transactions passed through Danske Bank's Estonian branch.
- Supported92The CFPB said in September 2016 that Wells Fargo employees opened roughly 1.5 million deposit accounts and applied for roughly 565,000 credit card accounts that may not have been authorized by consumers.
- Outdated85Wells Fargo said in September 2016 that refunded accounts were a fraction of one percent of the accounts reviewed and that it had disciplined managers and team members who acted counter to its values.
- Contradicted91Allen Stanford said in a 2016 BBC interview that he did not misspend any investor money.
- Supported94The Department of Justice said Allen Stanford was convicted on 13 of 14 counts and sentenced to 110 years in prison for a $7 billion investment fraud centred on the bank.
- Supported94The SEC said on 17 February 2009 that Stanford International Bank ran a multi-billion dollar fraud, selling about $8 billion in certificates of deposit on false promises and fabricated return data.
- Unresolved52Malaysia's 1MDB Taskforce said Malaysia is entitled to a US$250 million interim payment from Goldman under the 2020 settlement.