This Is Why Congress Is After Wells Fargo CEO Stumpf
It’s an election year with two unpopular presidential candidates and hundreds of lawmakers that are scared for their jobs.
This Is Why Congress Is After Wells Fargo CEO Stumpf
It’s an election year with two unpopular presidential candidates and hundreds of lawmakers that are scared for their jobs.
Report: Some Deutsche Bank Derivatives-Clearing Clients Shift Positions
About 10 hedge funds that clear derivatives trades with Deutsche Bank AG's (DB) have moved part of their holdings, Bloomberg News reported Thursday, citing an internal document.
Report: Some Deutsche Bank Derivatives-Clearing Clients Shift Positions
About 10 hedge funds that clear derivatives trades with Deutsche Bank AG's (DB) have moved part of their holdings, Bloomberg News reported Thursday, citing an internal document.
Wells Fargo CEO Announces Changes to Retail Sales Practices
In a prepared statement before the House Financial Services Committee, Wells Fargo CEO John Stumpf addressed the steps the bank is taking to rectify its alleged illegal retail sales practices and to prevent similar events from happening in the future.
Wells Fargo CEO Announces Changes to Retail Sales Practices
In a prepared statement before the House Financial Services Committee, Wells Fargo CEO John Stumpf addressed the steps the bank is taking to rectify its alleged illegal retail sales practices and to prevent similar events from happening in the future.
Why Wells Fargo CEO Stumpf Won't be a Totally Open Book
John Stumpf, the CEO of embattled banking giant Wells Fargo headed to Capitol Hill again on Thursday, this time to testify before the House Financial Services Committee about a customer accounts scandal that has rocked the bank in recent weeks.
Report: Och-Ziff to Plead Guilty in Bribery Probe
Och-Ziff Capital Management Group LLC will pay $400 million and a subsidiary will plead guilty to resolve U.S. probes into its involvement in bribes paid to African officials, two people familiar with the matter said on Wednesday.In a deal expected to be announced on Thursday, the largest publicly traded U.S. hedge fund firm will enter a deferred-prosecution agreement with the U.S. Department of Justice while a subsidiary will plead guilty, the sources said.
Report: Och-Ziff to Plead Guilty in Bribery Probe
Och-Ziff Capital Management Group LLC will pay $400 million and a subsidiary will plead guilty to resolve U.S. probes into its involvement in bribes paid to African officials, two people familiar with the matter said on Wednesday.In a deal expected to be announced on Thursday, the largest publicly traded U.S. hedge fund firm will enter a deferred-prosecution agreement with the U.S. Department of Justice while a subsidiary will plead guilty, the sources said.
Wells Fargo Isn't the Only Bank That Draws Cross-Selling Complaints
Problematic sales practices at banks may extend beyond the abuses revealed in this month's $185 million enforcement action against Wells Fargo & Co., according to a new analysis of customer complaints maintained by the U.S. government.
Wells Fargo Isn't the Only Bank That Draws Cross-Selling Complaints
Problematic sales practices at banks may extend beyond the abuses revealed in this month's $185 million enforcement action against Wells Fargo & Co., according to a new analysis of customer complaints maintained by the U.S. government.
Wells Fargo CEO Forfeits Millions as Board Orders Review
Wells Fargo said on Tuesday that Chief Executive Officer John Stumpf will forfeit unvested equity awards worth about $41 million and will not get a salary while the company's board investigates the bank's sales practices.
Wells Fargo CEO Forfeits Millions as Board Orders Review
Wells Fargo said on Tuesday that Chief Executive Officer John Stumpf will forfeit unvested equity awards worth about $41 million and will not get a salary while the company's board investigates the bank's sales practices.
RBS to Pay $1.1B to Resolve Some of its U.S. Mortgage Claims
Royal Bank of Scotland Group will pay $1.1 billion to resolve claims that it sold toxic mortgage-backed securities to credit unions that later failed.
RBS to Pay $1.1B to Resolve Some of its U.S. Mortgage Claims
Royal Bank of Scotland Group will pay $1.1 billion to resolve claims that it sold toxic mortgage-backed securities to credit unions that later failed.
Greenberg Takes the Stand in AIG Case
Former American International Group Inc. Chairman Maurice R. "Hank" Greenberg took the witness stand for the first time Tuesday in a long-delayed state court trial for alleged civil fraud.
Greenberg Takes the Stand in AIG Case
Former American International Group Inc. Chairman Maurice R. "Hank" Greenberg took the witness stand for the first time Tuesday in a long-delayed state court trial for alleged civil fraud.
WSJ: Wells Fargo Board Actively Considering Executive Clawbacks
Wells Fargo & Co.'s board is actively considering whether to claw back pay from former retail-banking head Carrie Tolstedt as well as from Chief Executive John Stumpf and is likely to make a decision before a Thursday congressional hearing, according to a person familiar with the matter.
WSJ: Wells Fargo Board Actively Considering Executive Clawbacks
Wells Fargo & Co.'s board is actively considering whether to claw back pay from former retail-banking head Carrie Tolstedt as well as from Chief Executive John Stumpf and is likely to make a decision before a Thursday congressional hearing, according to a person familiar with the matter.
Perella Weinberg Feels Wall Street Pinch, Talks With Tudor Pickering in Final Stages
The boutique investment bank created by veteran financial executives Joseph Perella and Peter Weinberg is in the final stages of negotiating a merger with the Houston-based bank Tudor Pickering Holt & Co., in a transaction that underscores the fragile nature of Wall Street deal making business as smaller firms seek savings amid a decline in activity, the FOX Business Network has learned.