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NEW YORK–The Office of the Comptroller of the Currency (OCC) has hit the former CEO of Wells Fargo with a $17.5-million fine for his role in a huge scandal related to the company’s former sales practices.

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La Macchia Ralph

Ralph La Macchia

RALEIGH, N.C.—In its approval of First Citizens BancShares acquisition of Entegra Financial Corp. and its subsidiary Entegra Bank, the Federal Reserve Board found that in several North Carolina banking markets credit unions exerted competitive influences mitigating the anti-competitive effects of the merger, one analyst is asserting.