Carrie Tolstedt

More Wells Fargo clawbacks; blockchain hype tempered

04/11/17

Directors take back $75 million more from two former executives and release scathing report on bank's fake accounts scandal; UBS executive sees decade-long wait for transformation.

[more]

Six takeaways from Wells Fargo's report on its sales scandal

04/10/17

The San Francisco bank is trying to turn the page with a new report that mostly pins blame on executives who have either left the company or been demoted, but the report shows the misconduct went further back than previously acknowledged.

[more]

The Wells Fargo problem has only started for other banks

03/17/17

Banks like TD and U.S. Bancorp are suddenly taking public shots from current and former employees critical of their sales practices, a sign that the industry has not put behind it the questions raised months ago by the phony-accounts scandal at Wells.

[more]

Wells’ pain persists, especially in credit cards

02/17/17

The number of new checking accounts at the embattled Wells Fargo fell by double digits year over year, and account closures remained brisk. Yet the figures on credit card applications were worse.

[more]