ALBAWABA - American regulators announced a collective penalty of $549 million against Wells Fargo and a group of smaller banks and foreign financial institutions for their failure to maintain electronic records of employee communications. The Securities and Exchange Commission (SEC) revealed allegations and fines totalling $289 million against 11 banking entities for "widespread and long-standing" record-keeping failures. Additionally, the Commodity Futures Trading Commission fined four banks a total of $260 ...