...years analyzed (2006, 2011, and 2016), Wells Fargo had the highest share. But the rise and fall of Wells Fargo’s market share has somewhat mirrored that of the top 10...
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Wells Fargo CEO John Stumpf Abruptly Retires
...restore trust in Wells Fargo." - Tim Sloan The New Leadership Sloan has been with Wells Fargo for 29 years and has served in various leadership roles across the bank’s...
Read More »The Week Ahead: Will Banks Be in the Money?
Third quarter earnings season kicks off for the largest banks on Friday, October 14, with the release of reports for Citigroup, JPMorgan Chase, PNC Financial Services, and Wells Fargo. What...
Read More »Banks Resubmit Resolution Plans to Regulators
...America, Bank of New York Mellon, JPMorgan Chase, State Street, and Wells Fargo were not credible or would not facilitate an orderly resolution under the U.S. Bankruptcy Code. As such,...
Read More »House to Stumpf: Investigation is Only Beginning
...Fargo’s practices. It is the first time Hensarling has brought a financial executive before the Committee to testify for misconduct. “In the coming weeks, we will be questioning Wells Fargo...
Read More »A House Divided: Differing Views on the Fed’s Oversight
...side of the aisle defended Dodd-Frank and cited the recent Wells Fargo controversy, in which the bank was penalized $185 million for opening 2 million unauthorized credit card accounts, as...
Read More »Fed Wants the Largest Banks to Hold Even More Capital
...are Bank of America, Citigroup, Goldman Sachs Group, Inc., JPMorgan Chase, Morgan Stanley, Wells Fargo & Co., State Street Corp., and Bank of New York Mellon Corp. Tarullo referred to...
Read More »Financial Stability Oversight Council Presents Annual Report
...the globe to escape regulation.” In her remarks, Waters derided Republicans for their continued assault on the Dodd-Frank Act, particularly in light of the massive fraud uncovered at Wells Fargo...
Read More »Congress Grills Wells Fargo CEO Over Controversy
...federal regulators while certain Wells Fargo employees were taking advantage of unsuspecting customers over a period of many years? Here is what we do know—Wells Fargo’s internal review only covers...
Read More »Optimism Reigns Despite Dropoff in Housing Starts
...NAHB/Wells Fargo Housing Market Index for September 2016. “NAHB expects additional growth in the single-family market, given tight home inventories and solid builder confidence,” Dietz said. Increased permit activity (an...
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