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.
-
Bankers spent Monday cleaning up damaged branches, wondering if their small-business clients will need more emergency aid and contemplating how the racial and economic inequalities highlighted by days of violent protests nationwide can be corrected.
By Jim DobbsJune 1 -
Unlike recent affairs that were marred by protests, this year's meeting — held online because of the coronavirus outbreak — went smoothly as investors overwhelmingly approved the bank's slate of directors and executive compensation plan.
By Kevin WackApril 28 -
Its prediction that business conditions will remain weak this year — and into next year — stands in stark contrast to forecasts from political leaders that the economy will rebound quickly from the coronavirus pandemic.
By Kevin WackApril 14 -
The acquisition would give SoFi control of a technology platform that is currently used by some of its competitors in digital banking.
By Kevin WackApril 7 -
The bank's former chief executive will pay a $17.5 million penalty and be banned from the industry.
By Kevin WackJanuary 23 -
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