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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The acquisition would give SoFi control of a technology platform that is currently used by some of its competitors in digital banking.
April 7 -
The bank's former chief executive will pay a $17.5 million penalty and be banned from the industry.
January 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.
January 4 -
A decade into her role, Mary Callahan Erdoes continues to deliver strong results.
October 11 -
Charlie Scharf’s most immediate priorities include mending fences with regulators and getting the bank out from under a Fed-imposed asset cap.
September 27 -
The firm has argued that a demand for emails and other records by the agency earlier this year was unduly burdensome.
September 18 -
Former retail brokerage head David Kowach is moving to the consumer bank.
August 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.
May 28 -
The investment platform, which is in the early stages of development, will be part of Marcus, the firm's consumer bank.
April 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.
March 29
