After the Panama Papers, the question becomes whether the United States would require that companies that register shell companies keep information about the people who benefit from them. By Kevin G. Hall and Marisa Taylor.

The biggest scandal in the Panama Papers leak, which revealed that political leaders around the world were hiding money in offshore accounts, isn't about corruption or organized crime. The 11.5 million files stolen from the Panamanian law firm Mossack Fonseca revealed just how unequal the world is. The economist Gabriel Zucman estimated in his 2015 book, The Hidden Wealth of Nations, that worldwide more than $7.5 trillion...

A U.S. appeals court on Monday threwout a jury's finding that Bank of America Corp wasliable for mortgage fraud leading up to the 2008 financialcrisis, voiding a $1.27 billion penalty and dealing the U.S.Department of Justice a major setback.

Goldman Sachs bankers paid for prostitutes, private jets and five-star hotels and held business meetings on yachts to win business from a Libyan investment fund set up under Gaddafi regime, the high court in London was told yesterday. The allegations came at the start of a legal claim by the Libyan Investment Authority for $1.2bn (£846m) from the investment bank. Lawyers for the LIA are claiming for losses on nine trades that Goldman Sachs executed for the fund between January and April 2008. The LIA lost almost all its investment through the trades...

Life without paychecks means watching banks chisel away at your earnings, a few bucks at a time.

A top HSBC executive has been charged with fraud in the US. Mark Johnson, the company's global head of foreign exchange trading was arrested on Tuesday night and is due to appear in court later. A former colleague, Stuart Scott, has also been charged. The two traders are accused by the US government of using inside information to profit from a $3.5bn (£2.6bn) currency deal. HSBC has so far declined to comment.

In a massive lawsuit that reads like an international thriller, the U.S. government claims that well-connected fraudsters stole $3.5 billion from the Malaysian people and used it to buy New York condos, hotels, yachts and a jet. Some of that money was used to produce the Hollywood film "The Wolf of Wall Street," according to federal investigators. The U.S. Department of Justice filed a civil lawsuit Wednesday attempting to seize $1 billion of those assets -- the amount that went through American banks.

It’s 40 years ago and a fraudster goes into your local bank branch. He forges your signature and makes a withdrawal from your account. When you discover the crime and report it to the bank, your account is naturally refunded at once. It’s the bank’s problem. It’s also the bank’s fault, you’d probably say. Today, much has changed. It’s still the bank’s job to safeguard clients’ money. But because we access our cash and accounts in so many different ways, and can transact so much more quickly, the issue of who carries the risk of fraud has become blurred.

An HSBC and Bank of America Merrill Lynch venture and financial technology firm R3 said separately on Wednesday that they had created ways of using blockchain technology to simplify trade finance processes. The two banks said they had joined with the Infocomm Development Authority of Singapore to emulate a letter of credit (LOC) transaction. Letters of credit are one of the most widely used ways to reduce risk between importers and exporters, helping guarantee more than $2 trillion worth of transactions, but the process creates a large paper trail and is time consuming.

“I lost my home of 30 years to fraudclosure.” “I have been fighting this bank for over five years now. I am finally losing everything to their fraud.” “We feel captive in our own home.” This is a sampling of what I have awakened to practically every day for the past few months, since my book “Chain of Title: How Three Ordinary Americans Uncovered Wall Street’s Great Foreclosure Fraud” came out. Hundreds of people have emailed me, sent me letters, attended my public events, to relate their personal horror stories of foreclosure and dispossession.

How a scheme to help Russians secretly funnel money offshore unravelled.

Well Fargo’s “sandbagger”-in-chief is leaving the giant bank with an enormous pay day--$124.6 million. In fact, despite beefed-up “clawback” provisions instituted by the bank shortly after the financial crisis, and the recent revelations of massive misconduct, it does not appear that Wells Fargo is requiring Carrie Tolstedt, the Wells Fargo executive who was in charge of the unit whose employees were responsible for opening more than 2 million largely unauthorized customer accounts--a seemingly routine practice that employees internally referred to as “sandbagging”--to give back any of her nine-figure pay.

Millions of phony accounts. Fake bank card PIN numbers. Fictitious email accounts. Wells Fargo admitted to firing 5,300 employees for engaging in these shocking tactics. The bank earlier this month paid $185 million in penalties and has since apologized. Now CNNMoney is hearing from former Wells Fargo (WFC) workers around the country who tried to put a stop to these illegal tactics. Almost half a dozen workers who spoke with us say they paid dearly for trying to do the right thing: they were fired.

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Most Americans were shocked when they learned that thousands of Wells Fargo employees had opened millions of fake accounts. People who work at other banks weren't surprised at all. Nearly a dozen current and former employees at large and regional banks such as Bank of America (BAC), Citizens Bank, PNC (PNC), SunTrust (STI), and Fifth Third (FITB) tell CNNMoney that a sales obsession pervades their banks.

Wells Fargo CEO John Stumpf is running "a criminal enterprise" and should be fired or even jailed, several members of Congress claimed. Rep. Michael Capuano on Thursday said the Wells Fargo (WFC) scandal and the people who lead the bank reminded him of "the guys who ran Enron," evoking a company that was found guilty of massive financial fraud.

Wells Fargo's notorious pressure-cooker culture led the bank to force some hourly employees to work late without overtime pay, former workers say. The mandatory overtime took place during "call nights," where workers would call customers to sell them additional products like credit cards in an effort to meet the unrealistic sales goals.

John Stumpf, who led Wells Fargo & Co. through the financial crisis and built it into the world’s most valuable bank, stepped down as chief executive officer and chairman, bowing to public outcry over legions of accounts opened by his employees for customers who didn’t request them.

Mastermind or scapegoat, Tim Wiswell was at the heart of the bank’s $10 billion mirror-trade scandal. By Liam Vaughan, Jake Rudnitsky, and Ambereen Choudhury (Oct. 3, 2016)

Former Wells Fargo Chairman and CEO John Stumpf sold $61 million worth of Wells Fargo (WFC) shares in the month prior to settling a long-running investigation that charged the bank with falsifying millions of customer accounts to boost sales and fees. The following month, when regulators announced on Sept. 8 that they’d fined Wells Fargo $185 million for falsifying more than 2 million customer accounts to meet aggressive sales goals, the company’s stock price plunged and Stumpf was called on the carpet before Congress before finally resigning this week.