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Wells Fargo's new boss hits the ground apologetically

Timothy Sloan tells Wall Street he's ready to overhaul the company's culture: "We had serious problems"
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Wells Fargo's new CEO previously denied that the bank's sales culture had any problems

Humor / odd : Boing Boing

Yesterday, Wells Fargo CEO John Stumpf announced his "early retirement" from the scandal-haunted company, with the CEO seat being filled by former COO Tim Sloan. (more…)

Will the Feds Go After Wells Fargo’s Executives?

Business & Finance / Economics : Slate: Moneybox

It looks like the feds have some serious questions for Wells Fargo and its CEO, John Stumpf. The Wall Street Journal reports that federal prosecutors for the U.S. Attorney’s Offices in the Southern District of New York and the North...

Street Scene: Wells Fargo Scandal May Be Sign of a Poisonous Culture

Business & Finance : DealBook

That senior executives were not held accountable for the reprehensible behavior of bank employees signals a wider cultural cancer on Wall Street.

Wells Fargo: The Cuomo Report’s Bonus Breakdown

Business & Finance : Deal Journal -

Andrew Cuomo, New York's Attorney General, has just released a report on Wall Street compensation practices: "No Rhyme or Reason: The 'Heads I Win, Tails You Lose' Bank Bonus Culture." Here is the report's break down of Wells Fargo'...

Wells Fargo tracks employees' 'happy-to-grumpy' ratios

Business & Finance : Business Insider: Clusterstock

Wells Fargo uses a "happy to grumpy ratio" to keep tabs on employees' workplace satisfaction, according to The Wall Street Journal's Emily Glazer and Christina Rexrode. Wall Street "culture" has become a buzzword for bank regulators...


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