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A major U.S. bank was hit with a record fine due to widespread regulatory violations, deemed "unconscionable" by officials.
A major U.S. bank has been hit with a record-breaking fine, which was recently increased due to regulatory findings of widespread misconduct, with officials calling the penalty "unconscionable" given the scale of the violations.
The exact amount was not specified in the report, but the enforcement action reflects serious breaches of consumer protection laws.
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Un importante banco estadounidense fue golpeado con una multa récord debido a violaciones regulatorias generalizadas, consideradas "inconscionables" por los funcionarios.