Corporate governance

Swept up in civic unrest, banks confront deep societal issues

06/01/20

Bankers spent Monday cleaning up damaged branches, wondering if their small-business clients will need more emergency aid and contemplating how the racial and economic inequalities highlighted by days of violent protests nationwide can be corrected.

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Wells Fargo struggling to stay under asset cap amid pandemic, CEO says

05/29/20

Even after the Fed eased some limitations in April to promote emergency lending, the bank has had to make some “tough choices” to heed the $1.95 trillion growth ceiling set by regulators in the aftermath of its phony-accounts scandal.

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Few fireworks at Wells Fargo's first annual meeting under Scharf

04/28/20

Unlike recent affairs that were marred by protests, this year's meeting — held online because of the coronavirus outbreak — went smoothly as investors overwhelmingly approved the bank's slate of directors and executive compensation plan.

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Citi's chairman floats idea of holding future annual meetings online

04/21/20

"One of the advantages is that we can hear from shareholders in faraway places," John Dugan said at Tuesday's annual meeting, which was held entirely online as most of the country remains on lockdown to help stop the spread of the coronavirus.

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Banks improvise annual meeting plans as pandemic worsens

03/24/20

The COVID-19 crisis is forcing many banks to hold their spring shareholder meetings online only.

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HSBC names caretaker Noel Quinn as permanent chief executive

03/17/20

Quinn served as acting CEO since August, when John Flint was ousted over concern he couldn't lead the bank through an increasingly treacherous series of economic challenges.

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Takeaways from ex-Wells Fargo board members’ visit to Congress

03/11/20

The bank’s former chair expressed regret over comments attributed to her in a House report, while Democrats and Republicans butted heads over whether the hearing was necessary.

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Cheat sheet: Inside the $3B Wells Fargo settlement

02/21/20

The ten-digit penalty marks an important milestone for the bank, but individual ex-bankers may still be at risk and grueling hearings lie ahead for current leadership.

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Wells Fargo pays $3 billion, avoids prosecution for sales abuses

02/21/20

A deferred-prosecution agreement with the Justice Department spares the bank a potential criminal conviction — provided it cooperates with continuing probes and abides by other conditions.

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Bankers embrace new guidelines for ethical AI

02/21/20

Regions, Citizens, BMO and others are adopting principles IBM unveiled at Davos.

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