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Wells Fargo has added a digital payments division during its reshuffle (WFC)

Business & Finance : Business Insider: Clusterstock

This story was delivered to BI Intelligence "Payments Briefing" subscribers. To learn more and subscribe, please click here. As part of a management reshuffle on Monday, Wells Fargo created a new division focused on “payments, virtu...

Wells Fargo's Fraud And Why Big Banks Keep Getting Away With Bad Behavior

Business & Finance : Huffington Post: Business Blog

Not long ago, the Consumer Financial Protection Bureau exacted its largest fine ever -- $185 million -- from Wells Fargo Bank for defrauding over 1 million customers. Sounds like a lot of money. But as President Nixon might have sai...

Wells Fargo CEO John Stumpf To Retire Effective Immediately

Business & Finance : Zero Hedge

The most anticlimiatic and predictable outcome to the biggest banking scandal to rock Wall Street in recent years, Wells Fargo;s fraudulent creation of 2 million (or more) fake customer accounts, has just concluded in the only possi...

Wells Fargo CEO steps down in wake of fake account scandal

Business & Finance : Mashable: Business

The CEO of Wells Fargo will reportedly step down as CEO and chairman of the board of the major U.S. bank, a move that comes in the wake of a major scandal over the creation of fake accounts on behalf of thousands of customers. SEE A...

The CEO of Wells Fargo is out

Business & Finance : Business Insider: Money Game

The CEO of Wells Fargo, John Stumpf, is retiring, effective immediately. Stumpf has recently come under fire for a scandal in which 2 million credit and debit card accounts were opened by bank employees without the knowledge of cust...


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