Wells Fargo

Plan to make banks divulge sales goals closer to becoming L.A. law

07/03/18

A first-in-the-nation ordinance, passed by the city council in the wake of the Wells Fargo scandal, would require banks that want the city’s business to reveal if they have sales quotas for employees. It remains to be seen, though, whether Mayor Eric Garcetti will sign the measure into law.

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Corporate customers want retail’s bells and whistles, too

07/03/18

"Banks should be investing in innovation in this area or risk getting left behind," a fintech CEO warns.

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Banks seek new blood to fill evolving CRO role

07/02/18

Turnover of chief risk officers is on the rise as CEOs look to add executives whose experience goes far beyond assessing credit risk. Sometimes they are promoting from within, but often they are poaching talent from rival banks.

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2018 bank reputation rankings: Who stood out, who stumbled

07/01/18

USAA reigns, Wells Fargo, well, doesn't. Here's a look at the highs and lows in this year's survey, as well as the trends that drove the results.

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What’s behind the slowdown in CRE lending

06/29/18

Commercial real estate is their bread and butter, but many banks are scaling back in this vital loan category. Here’s why.

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Democrats stick by Waters for banking panel despite controversy

06/26/18

The 13-term California Democrat is in line to chair the Financial Services Committee if her party wrests control of the House in the November election.

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Can airport branches be more than expensive billboards?

06/26/18

The rents are steep and they don't generate much revenue, but some banks believe that airport branches still have a role to play in their retail strategies — particularly as advice centers.

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Wells Fargo fined by SEC over ‘flipping’ of structured products

06/25/18

The company's brokerage unit agreed to pay $5.1 million to settle claims that employees persuaded clients to sell certain investments before maturity in order to collect higher fees.

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Wells Fargo revamps premium card to compete on rewards

06/25/18

Wells Fargo & Co. is finally going after the young and points-hungry by boosting rewards on one of its premium cards.

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Stress test results, FDIC's ambitious agenda, banks' biggest risk: Top stories of the week

06/22/18

How the big banks fared in the Fed's latest round of stress testing; what's on new FDIC chair Jelena McWilliams' plate; why banks' biggest risk factor may be employees who don't speak up; and more from this week's most-read stories.

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