With the NFL back in season (Pats 2-0 for those keeping count at home), the term “Greatest Show on Turf” is getting thrown around an awful lot these days. And while the NFL and its players are usually the Greatest Show on Turf, this week,...
Those bogus bank accounts Wells Fargo allegedly opened are looking mighty expensive for the company. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...
Wells Fargo Chief Executive John Stumpf’s job could be in trouble due to the fake accounts scandal that is plaguing the company. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
The Wall Street Journal reported on Wednesday (Sept. 14) that federal prosecutors are just underway in the earliest stages of an investigation into the sham customer accounts that led to the financial giant being fined $185 million, as noted by unknown sources the financial publication said...
Live by the central banks, die by the central banks. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this...
In the midst of swirling controversy tied to sham accounts at Wells Fargo, CEO John Stumpf has said he intends to keep his position at the helm of the company. The executive was quoted on CNBC as stating: “I think the best thing I could...
Wells Fargo, which is coming under intense fire for the widespread practice of opening fake accounts to meet sales goals, could be part of a broader problem in the banking industry, despite the increased regulation and scrutiny. Get the Full Story Complete the form to...
Wells Fargo may be facing the largest fine ever levied by the Consumer Financial Protection Bureau after it was revealed employees opened up thousands of fake accounts, but the company’s chief financial officer, John Shrewsberry, said it isn’t a systematic problem at the company, just...
Wells Fargo may not have explicitly admitted wrongdoing in the creation and use of sham accounts tied to client activity, but the firm announced on Tuesday (Sept. 13) it was taking at least some steps toward changing its corporate culture. Via press release, the financial...
