On eve of sentencing, lawyers for ex-Wells Fargo exec seek probation
Carrie Tolstedt, scheduled to be sentenced Friday for her role in the company’s phony-accounts scandal, has already paid for her crime and should receive three years probation, her attorneys argue in a sentencing memo. Prosecutors have recommended a year in prison.
RBB Bancorp, Gateway Bank in Bay Area call off merger
The $23 million deal, signed in 2021 and initially projected to close in the second quarter of 2022, was delayed multiple times amid leadership turnover at the Los Angeles-based RBB.
Deutsche Bank regulator tightens oversight in setback to CEO
German financial watchdog BaFin has appointed an independent monitor to oversee Deutsche Bank's progress in resolving issues at its consumer unit. It's the second time BaFin has taken the unusual step since Christian Sewing became CEO in 2018.
Bowman doubles down on call for outside review of SVB failure
The Federal Reserve governor said existing reports, including one published by the Fed's inspector general last week, were too limited in scope.