Weekly Roundup: OCC Penalizes Wells Fargo Executives, Austria Declines to Investigate Raiffeisen Bank, and More

Eight former executives of Wells Fargo, including its former chief executive, chief risk officer and chief auditor, received multimillion dollar fines and other penalties for enabling fraudulent sales practices, The Wall Street Journal and The New York Times reported. More and More Austrian authorities refused to investigate U.K. investor Bill Browder's claim that Raiffeisen Bank International handled roughly $634 million in suspicious funds from Russia, according to the Organized Crime and Corruption Reporting Project. More U.S., U.K., Canadian, Australian and Dutch authorities conducted raids and made arrests in their respective countries as part of a joint investigation into an unidentified...