Crime and misconduct

Wells’ outside review of phony accounts expected in September

08/23/17

Wells Fargo CEO Tim Sloan has told employees that a third-party review of unauthorized accounts will be published “within a few weeks.”

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Elizabeth Duke said likely to be next Wells Fargo chairman

08/10/17

Chairman Stephen Sanger could step down ahead of the embattled bank's next annual meeting, according to a news report, clearing the way for the elevation of Duke, the current vice chairman and a former Fed governor and banking executive.

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A Western flavor to Wells Fargo’s retail shake-up

05/30/17

Retail banking chief Mary Mack made several changes, including restructuring leadership in the Western region, where some of the worst incidents in the Wells scandal were said to have occurred.

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Wells Fargo CEO Sloan sees B of A's Moynihan as crisis management role model

05/23/17

Brian Moynihan won praise from the Wells Fargo CEO for his handling of subprime, legal and other post-crisis issues during his first years as Bank of America's top executive.

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Subprime auto lenders put on notice over ties to shady dealers

04/21/17

A $26 million settlement by Santander Consumer is shining a light on the hard-to-measure problem of auto dealer fraud, while also raising questions about the adequacy of lenders' efforts to combat bad behavior.

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Wells Fargo adds cash, additional years to class-action settlement

04/21/17

The San Francisco bank is adding $32 million to a previously announced agreement, and also extending it back to 2002, in the wake of a report on the roots of the firm's sales scandal.

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Wells Fargo will not review accounts opened before 2009, CFO says

04/13/17

A review of activity that long ago would not shed additional light on the scope of misconduct in Wells Fargo's retail banking unit, CFO John Shrewsberry said in an interview.

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Where the Wells Fargo scandal report falls short

04/12/17

The 110-page document offers plenty of new details about what went wrong at the megabank but may leave shareholders wanting a truly independent investigation.

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Why women in finance are punished more harshly for misconduct

04/11/17

A recent study concluded that female financial advisers are fired for misconduct far more often than their male counterparts, even though their missteps cost less on average. Researcher Mark Egan explains the double standard.

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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.

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