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Wells Fargo CEO says bank has changed, but Congress isn"t so sure
Tim Sloan will face skeptical lawmakers when he testifies in front of the House Financial Services Committee Tuesday......»»
Wells Fargo CEO says bank has changed, but Congress isn"t so sure
Tim Sloan will face skeptical lawmakers when he testifies in front of the House Financial Services Committee Tuesday......»»
Trump defense secretary to testify on Pentagon"s delayed response to January 6 riot to Congress, prepared remarks say military has "an extremely poor record in supporting domestic law enforcement": reports
Christopher Miller is expected to tell lawmakers he didn't immediately deploy armed forces out of fear it would be perceived as a military coup. citing U.S. Defense Secretary Christopher Miller removes his face mask during a meeting with Lith.....»»
Opinion: How women entrepreneurs can turn road blocks into building blocks
Women entrepreneurs still face many challenges with obtaining funding and building a support network. Wells Fargo’s North Seattle branch banking district manager shares how to overcome them......»»
Wells Fargo CEO tells Congress bank has doubled down on regulatory issues
New Wells Fargo & Co Chief Executive Charlie Scharf testified on Tuesday that substantial change was underway at the bank as lawmakers grilled him on the status of its remediation efforts and contingency plans related to coronavirus......»»
Wells Fargo board members resign after scathing House report
The resignations of Duke and another board member, James Quigley, are just the latest fallout from the bank's failed three year effort to repair its relationship with lawmakers and regulators after a series of consumer abuses......»»
House panel rips Wells Fargo as ‘reckless’ and unwilling ‘to stop harming its customers’
Lawmakers accused Wells Fargo & Co. of failing to comply with regulatory orders in a scathing report Wednesday, and said the bank poses a major risk to consumers......»»
Factbox: Remaining hurdles for scandal-hit Wells Fargo
Wells Fargo & Co has racked up well over $7 billion in penalties since a sales practices scandal erupted in 2016, and continues to face headwinds......»»
Ex-Wells Fargo bosses face $59M in fines
Eight former Wells Fargo & Co. executives are facing almost $59 million in fines and bans from the U.S. banking industry over their roles in the firm’s scandals as regulators show more appetite to go... To view the full story, click the title link......»»
Remaining hurdles for scandal-hit Wells Fargo
Wells Fargo & Co and its officials have racked up well over $4 billion (3 billion pounds) in penalties since a sales practices scandal erupted in 2016, and continues to face headwinds......»»
Ex-Wells Fargo executives face civil charges, multimillion-dollar fines from U.S. bank regulator
A U.S. bank regulator announced Thursday that several senior former Wells Fargo executives face potential lifetime industry bans and millions of dollars in civil penalties for their roles in the bank's long-running sales practices scandal......»»
Wells Fargo names new CEO, ending extensive six-month search
Charles Scharf, the first outsider to lead Wells Fargo in decades, must convince regulators, lawmakers that the scandal-plagued bank is reformed......»»
CBJ Morning Buzz: Wells Fargo practices under scrutiny yet again; Drivers on I-77 toll lanes complain of incorrect charges; Earnhardt family"s plane crash
In local news: Practices at Wells Fargo & Co. (NYSE: WFC) are once again drawing scrutiny — and prompting statements of defense from representatives of the company that has been mired in controversy for going on three years now. This time, it's the .....»»
A bank regulator said he was tough on Wells Fargo. Elizabeth Warren was not impressed
Wells Fargo has struggled to convince lawmakers and regulators that it has fixed the corporate culture that led to various consumer abuses......»»
A bank regulator said he was tough on Wells Fargo. Sen. Warren was not impressed.
Wells Fargo has struggled to convince lawmakers and regulators that it has fixed the corporate culture that led to various consumer abuses......»»
Bank CEOs face Congress for first time since financial crisis
Top bank CEOs face new scrutiny on practices and profits; the head of Wells Fargo won't make an appearance.....»»
Wells Fargo to face limits on growth for foreseeable future, NY Post reports
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
How Wells Fargo"s regulators and employees drove out its CEO
The day after former Wells Fargo & Co Chief Executive Tim Sloan told U.S. lawmakers he was transforming the bank's high-pressure culture, Federal Reserve officials met privately with bank employees......»»
After years of apologies for customer abuses, Wells Fargo CEO Tim Sloan suddenly steps down
Tim Sloan, a 31-year veteran of the company, has spent years apologizing for the bank’s bad behavior and attempting to rebuild its reputation with customers, regulators and lawmakers. That was not enough for the bank's critics......»»
Congress likely to question use of military funds for wall
Top defense leaders will face worried lawmakers on Capitol Hill for the first time since the Pentagon spelled out the military construction projects that could lose funding this year to pay for President Donald Trump's border wall......»»