The bank’s 3Q results will make it harder for the CEO to win over some investors skeptical of his strategy to build up the investment bank, and he is already the subject of a whistleblower investigation by regulators.
Deutsche and Barclays chiefs are under different pressures to turn their banks around; with mergers and acquisitions at a low, deal for OneMain would be big.
Fed chair says post-crisis financial reforms have strengthened the banking system and the economy; consumers again comfortable borrowing against their home equity.
Two related and equally humiliating cases of high-level bankers completely falling for fake emails illustrate the dangers of social engineering and the need to better protect executives and other employees from themselves.
The financial press looks at possible ramifications from Jes Staley's attempt to unmask a whistleblower at the British bank; why has the digital currency failed to live up to eight years of hype?
CEO Jes Staley is investigated by British authorities for trying to unmask a bank whistleblower and will take a pay hit; ISS is second consultant to call for voting against Wells directors.
Amer Sajed, a 56-year-old Pakistan-born immigrant to the U.S., will step down from his role leading the bank’s credit card business in July after being spurred into activism by President Trump's stances on social and other issues.
