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The Office of the Comptroller of the Currency, along with other regulators, are said to be closer to moving against Citigroup Inc. (NYSE:C) for allegedly failing to prevent transactions linked to drug money and sanctioned countries. Other Wall Street banks such as Bank Of America Corporation (NYSE:BAC) are also being investigated, with the Justice Department and the district attorney of Manhattan getting into the act.
Don’t Miss: Regulators Keep SPOTLIGHT Pointed At Big Banks.
Credit Suisse Group AG (NYSE:CS) has agreed to turn over more information to United States authorities so as to resolve a tax investigation. The Swiss bank will release names of employees, but not those of its customers.
Capital One Financial Corporation (NYSE:COF) experienced an increase in delinquencies in August, although charge-offs fell somewhat. The company’s 30-day delinquency rate moved to 3.37 percent from 3.09 percent for domestic credit cards, as charge-offs slipped to 2.58 percent from 2.62 percent.
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