News Topic: Wells Fargo

Wells Fargo remains the TBTF poster child and regulators continue to do too little to address the problem. And as always, small banks suffer collateral damage. ... Read full article

The JPM CEO is “recovering well” as the bank’s two co-presidents assume control; the House finance chairwoman says the bank board members neglected their duty. ... Read full article

The bank said it was Sloan's decision to retire, but a new report from House Democrats reveals that Fed and OCC officials made moves behind the scenes in 2018 and 2019 to pressure the bank's board to remove him. ... Read full article

Banks make emergency preparations as HSBC deals with confirmed case; the changes simplify regulations without posing additional systemic risks, the Fed says. ... Read full article

An investment firm that has been pressuring large companies to enhance disclosures said that its efforts at JPMorgan Chase, Wells Fargo, Bank of America and Bank of New York Mellon are gaining ground. ... Read full article

The bank's announcement comes a week before CEO Charlie Scharf and two board members will testify on Capitol Hill. ... Read full article

The bank’s disclosure of an impending enforcement action shows that the CFPB continues to crack down on aggressive practices that got Wells Fargo in hot water. ... Read full article

Tim Sloan, the former chief executive officer of Wells Fargo, joined Fortress Investment Group as a senior adviser. ... Read full article

Wells Fargo is announcing two new bank accounts that limit fees for consumers ahead of the company's planned congressional hearings in Washington next week. ... Read full article

Wells Fargo and JPMorgan Chase recently avoided shareholder votes tied to their use of arbitration clauses in sexual harassment cases. But socially conscious investors say the issue is likely to flare up again elsewhere and that banks would do well to ... Read full article

How New York became Wells Fargo's new center of power; banks walk fine line in preparing for a coronavirus outbreak in U.S.; bankers on Bernie's electoral chances and whether a Sanders presidency would pose a threat; and more from this ... Read full article

With health organizations warning of a global outbreak, banks are starting to assess the risks to their bottom lines. ... Read full article

The bank agreed to pay $35 million to settle SEC charges it recommended high-risk ETFs to some customers; coronavirus fears continue to batter financial shares. ... Read full article

The release of Richard Cordray's retrospective of his tenure will come one day before the Supreme Court hears a pivotal case about the leadership structure of the agency. ... Read full article

The San Francisco bank reduced its outlook for net interest income this year and cautioned that the outbreak's economic effects could take an even bigger bite out of profits. ... Read full article

Wall Street banks make plans to keep workers in Tokyo safe; the employees are bringing their grievances against the bank to Capitol Hill. ... Read full article

Under CEO Charlie Scharf, the bank that has historically viewed itself as more Main Street than Wall Street is becoming deeply embedded in the nation’s financial capital and its hard-charging culture. ... Read full article

The author of a recent op-ed fails to realize that making credit unions pay corporate taxes would drive up costs for customers and weaken the economy. ... Read full article