Corporate governance

Wells Fargo moves closer to recouping some losses tied to scandal

05/16/19

A federal judge has given preliminary approval to the proposed settlement of a lawsuit under which insurance companies have agreed to pay $240 million for losses the San Francisco bank incurred from the widespread opening of fake accounts.

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Big banks still need to streamline their operations

05/08/19

Departments across large institutions remain siloed, which leads to poor customer service. Fintechs are poised to take business from unhappy consumers unless banks address this problem.

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'Good luck with legislating innovation': Comments of the week

05/02/19

Readers respond to JPMorgan's Twitter gaffe, weigh the role banks should play on issues like climate change, consider the impact of artificial intelligence on fair lending and more.

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Virtue-signaling banks hurt shareholders and customers

04/29/19

Financial institutions should focus on maximizing returns instead of feel-good initiatives to cut greenhouse gas emissions or reduce gun financing.

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BofA, Wells Fargo, BNY Mellon shareholders reject proposals to narrow pay gap

04/24/19

Bank of America investors on Wednesday voted against pressing the company to disclose more insightful data about disparities between men's and women's salaries. Shareholders at Wells and Bank of New York Mellon recently rejected similar measures.

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Wells Fargo needs a retail banker at the helm

04/23/19

As the bank's board conducts its search for a new CEO, it should exclude Wall Street titans from any shortlist.

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Managing reputation risk is getting more complicated

04/22/19

In today’s political climate, banks have to monitor not just how they do business, but with whom they do it.

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What’s Jamie Dimon’s salary got to do with income inequality?

04/21/19

At a recent House hearing with large-bank CEOs, lawmakers’ focus on the compensation gap between the C-suite and lower-level employees echoed a broader discussion about pay inequity.

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Did JPMorgan just tip its hand on a succession plan?

04/17/19

Marianne Lake, seen in recent months as a leading candidate to replace CEO Jamie Dimon, got the post she may have needed to round out her resume — consumer lending chief. And Jennifer Piepszak, another rising star at the company, will take over as CFO from Lake.

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OCC should speak up on Wells Fargo's exec changes: Warren

04/17/19

The Massachusetts Democrat said the agency could have used existing statutory authority to object to the bank’s appointment of now-departed CEO Tim Sloan.

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