Kate Berry has covered the Consumer Financial Protection Bureau for American Banker since 2016. She joined the publication in 2006 covering mortgage lending and the financial crisis. Berry also has covered big banks including Bank of America, J.P. Morgan Chase and Wells Fargo. She has won five awards from the Society of American Business Writers and Editors, and has worked at several news organizations including the Orange County Register, the Los Angeles Business Journal and the Associated Press. Berry began her career as a clerk at the New York Times.
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Wells Fargo appears to have offered two different reasons for why it failed to inform investors about the investigation into 2 million phony accounts.
By Kate BerryOctober 25 -
Wall Street analysts are divided on how much a changing of the guard will help; lawmakers on Capitol Hill say it's not enough.
By Kate BerryOctober 13 -
A tale of two banks emerges from a hearing on Wells Fargo's phony account scandal; one calls the problem an aberration, the other routine.
By Kate BerryOctober 12 -
Wells has long touted cross-selling as the reason behind its success. But revelations of a cutthroat sales culture and phony accounts have undermined its credibility.
By Kate BerrySeptember 23 -
Wells Fargo Chief Executive John Stumpf arguably faces the challenge of his career on Tuesday as he appears before the Senate Banking Committee to answer criticisms that he and other top bank executives should have detected and stopped millions of phony accounts from being opened.
By Kate BerrySeptember 19 -
The penalty is the largest ever imposed by the Consumer Financial Protection Bureau.
By Kate BerrySeptember 8 -
The proposal, which would allow more consumers to join class-action lawsuits over disputes, could drive up compliance costs. Agency director Richard Cordray wants more accountability.
By Kate BerryMay 5 -
The third quarter ends in two weeks, and top executives at Citigroup, Wells Fargo, and two regional banks are raising concerns about cost pressures, impediments to revenue growth and heightened lending risks.
September 17 -
M&T, PNC, SunTrust and other regionals reported strong fee growth thanks to inroads they have made in investment banking, wealth management and other areas. It couldn't have come at a better time for them.
July 20 -
The Greek debt crisis and China's stock-market crash may put downward pressure on interest rates and delay the Fed's interest rate hike, and they are adding uncertainty at a time when lenders thought recovery would be taking hold.
July 8