Kevin Wack is American Banker's national editor, and is based in southern California. He was formerly the publication's consumer finance reporter and its Capitol Hill correspondent. Earlier, he worked on financial policy in Washington. He has also reported for the Associated Press and worked as the investigative reporter for the Portland Press Herald in Maine.
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Several former high-level Wells Fargo executives are under criminal investigation in connection with the bank's fake-account scandal and could be indicted as soon as this month.
By Kevin WackJanuary 4 -
A decade into her role, Mary Callahan Erdoes continues to deliver strong results.
By Kevin WackOctober 11 -
Charlie Scharf’s most immediate priorities include mending fences with regulators and getting the bank out from under a Fed-imposed asset cap.
By Kevin WackSeptember 27 -
The firm has argued that a demand for emails and other records by the agency earlier this year was unduly burdensome.
By Kevin WackSeptember 18 -
Former retail brokerage head David Kowach is moving to the consumer bank.
By Kevin WackAugust 1 -
The JPMorgan chief executive said he couldn't understand why Wells Fargo could have CEO Tim Sloan step down without a successor ready to go.
By Kevin WackMay 28 -
The investment platform, which is in the early stages of development, will be part of Marcus, the firm's consumer bank.
By Kevin WackApril 17 -
The bank's decision to select its general counsel as successor to Tim Sloan, albeit on a temporary basis, focused attention on its frayed relationships with the Federal Reserve and the OCC.
By Kevin WackMarch 29 -
Tim Sloan couldn't hang on any longer. Here are insights about why he left now, what role policymakers played in the decision and will continue to have in the company's future, and who in the world would want to lead Wells Fargo.
By John HeltmanMarch 28 -
In a tense back and forth with lawmakers, the embattled CEO pushed back on claims that the bank still pressures employees to hit sales targets and retaliates against those who speak up.
By Kevin WackMarch 12