Fraud detection

Wells Fargo 'leaving no stone unturned' as new issues disclosed

08/04/17

The bank’s “reasonably possible” legal charges could surpass its reserves by $3.3 billion as of June 30, a Wells securities filing says.

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Ex-HSBC banker arrested in U.K. in American foreign-exchange case

06/08/17

Stuart Scott was apprehended at the request of the American government as part of a probe into foreign-exchange-trading practices.

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Wells Fargo feels heat to cut more costs

05/10/17

After a bogus-accounts scandal spooked new clients and crimped profitability, Wells Fargo may eliminate more branches and dismiss staff.

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How fraudsters are gaming online lenders

03/28/17

As online lenders and their vendors step up monitoring, patterns of fraud are emerging.

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Meeting demand for mobile 'it' feature at a community bank

03/21/17

Retail-focused Provident Bank has added an on/off switch that allows customers to suspend their debit cards. A few big banks rolled out similar features last year.

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How likely are fraud victims to leave their bank?

02/27/17

Professor Rahul Telang at Carnegie Mellon University's Heinz College analyzed the behavior of 500,000 bank customers over five years to observe their reactions to adverse events such as fraud on their bank account. It’s a rare objective measure of the effect of fraud on customer retention.

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Wells Fargo fires four retail executives over accounts scandal

02/21/17

Wells Fargo has fired its consumer credit solutions head and three other senior managers for actions related to a scandal involving employees creating fraudulent customer accounts.

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