Consumer banking
Consumer banking
-
Several senators conducted their own review of FINRA reports and said they found that Wells Fargo had “ample information” about the severity of the bogus account practices for years.
November 4 -
The recording casts doubt on the CFP Board's claim that all CFPs are fiduciaries.
October 31 -
Unlike other scandals in recent years involving foreign exchange rates and the London Whale, Wells' employees falsifying accounts and charging unfair fees is easy to grasp.
October 26 -
The new CEO said the aggressive sales goals – which were ditched earlier this month – served the interests of neither clients nor branch employees.
October 26 -
A new pilot program will test whether clients will be drawn to a voice-controlled technology the retailer's customers know as Alexa.
October 25 -
CEO Wayne Bloom says the threat of lawsuits in the wake of the new regulation prompted the change, which could be a first among IBDs.
October 25 -
Prosecutors served a warrant seeking names of employees who opened unauthorized accounts, as well as the bank’s fee structure and a calculation of losses suffered by affected customers.
October 20 -
Strong growth in deposits and mobile users, as well as questions concerning Wells Fargo, had BofA executives addressing the notion of scaling back branches.
October 18 -
Wall Street analysts are divided on how much a changing of the guard will help; lawmakers on Capitol Hill say it's not enough.
October 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.
October 12