Wells Fargo CEO John Stumpf went to Washington on Thursday (Sept. 29) for the second time this month. And it was not exactly a lark the latest go round. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Warren Buffett, whose Berkshire Hathaway remains among the largest shareholders of beleagured Wells Fargo, said on Thursday (Sept. 29) that he has not, contrary to one published report by a research firm, been agitating for “radical transformation” at the bank. Get the Full Story Complete...
Adding fuel to the Wells Fargo fire, the company has now been sanctioned by none other than the Justice Department for improperly repossessing cars that had been owned by military personnel. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Wells Fargo Chief Executive John Stumpf’s move to give up around $41 million in unvested equity was prompted in part by board members who were furious about how the CEO handled the fake account scandal. Get the Full Story Complete the form to unlock this...
Capital, capital everywhere — but, for big U.S. bank investors, the old Seinfeld punchline: “No dividends for you!” 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...
The leading banks need to improve their customer service, maximize their security, minimize complexity and add value beyond payments if they want to survive and thrive, according to a new report by Boston Consulting Group (BCG). Get the Full Story Complete the form to unlock...
The big banks are facing incoming threats on many fronts. Regulators are wanting to increase competition in the payments industry, FinTech companies are providing quicker cross-border transactions and cybercriminals are finding ever more sophisticated methods to break into networks.
On Friday (Sept. 23), FINRA filed a lawsuit on behalf of JPMorgan Chase against a whistleblower over a client loss that amounted to a whopping $624. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
What does famed investor Warren Buffett, the largest shareholder (via his investment vehicle, Berkshire Hathaway) of Wells Fargo, intend to do about the bank and what does he think about the bank’s latest imbroglio? Get the Full Story Complete the form to unlock this article and...
