S&P Global Market Intelligence rounds up a selection of recent legal and regulatory developments in the bank space.

Report: Wells Fargo suspends 2 execs amid government housing tax credits probe

As U.S. federal authorities investigate Wells Fargo & Co.'s purchase of certain low-income housing tax credits, the company has suspended two executives in the bank's community lending and investment unit, Bloomberg News reported Sept. 25, citing people familiar with the matter.

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Former Greater Eastern CU CEO sentenced to 51 months in federal prison

U.S. District Court Judge J. Ronnie Greer on Sept. 25 sentenced former Greater Eastern CU CEO Sherry Allen to serve 51 months in federal prison, as a result of her plea of guilty to theft by a credit union officer or employee and tax evasion.

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Citibank to pay $5M over robo-signing in consumer bankruptcy cases

Citibank NA agreed to pay $5 million to settle robo-signed proofs of claim filed in consumer bankruptcy cases. Citibank is a unit of Citigroup Inc.