See story here. Join the conversation about this story » NOW WATCH: HBS professor on Wells Fargo: 'Clawbacks are nice but they're not really solving the problem in a deep way'
Yes, we are seeing the offloading of risk assets into structured bonds … again The post Wells Fargo, JPMorgan Wary of Auto Loans, Pack Them in Bonds (The Secret of NIM) was originally published at The Wall Street Examiner. Follow the money!
It is the latest in a string of allegations following the bank's fake-account scandal.
Stephen W. Sanger, chairman of the Wells Fargo board, received tepid support at the bank’s annual meeting. He and other board members should take the hint.
``I've previously written that a board refresh would be a good move, and the result could indeed have been different if the bank's largest shareholder, Berkshire Hathaway Inc. hadn't used its roughly 10 percent stake to back all of the nominated...Show More Summary
By Lauren McCauley / Common Dreams Protesters on Tuesday registered their displeasure with the megabank’s leadership at the Florida site of Wells Fargo’s annual shareholder meeting.
Wells Fargo faces shareholders, protesters at annual meeting PONTE VEDRA BEACH, Fla. (AP) — Wells Fargo's top management faced a series of protesters and apologized to investors, but board members … Click to Continue »
Members of Wells Fargo's board won re-election despite opposition from investors who demanded a broad ouster
Wall Street is a brutal place: Wells Fargo & Co.’s shareholders are expected to re-elect all of the bank’s directors—but at uncomfortably low vote totals—in a pitched contest over the board that resulted from last fall’s sales-practices...Show More Summary
All 15 board members won support from at least 53 percent of voting shareholders despite the sales scandal that emerged last year.
What may be the most controversial annual shareholder meeting in Wells Fargo history, in which the board is seeking re-election after last year's misselling scandal, devolved into a screaming match on Tuesday morning and was brieflyShow More Summary
Wells Fargo's management ejected an unruly shareholder from the bank's contentious annual meeting on Tuesday after an extended period of argument and what the chairman characterized as a "physical approach" to a director. Multiple shareholders stood and yelled at the board of directors and Chief Executive Tim Sloan. Show More Summary
Wells Fargo annual shareholder meeting takes place Tuesday in Florida. By Tuesday afternoon, we should know whether shareholders have voted to keep or oust most of the company's board members.
This year's Wells Fargo shareholder meeting is going about as well as you'd expect.
Wells Fargo & Co.’s annual meeting is underway in Florida, and shareholders will soon cast final votes in an election that could shake up the San Francisco financial giant’s board of directors. The bank’s chairman, Stephen Sanger, opened the meeting with an apology, acknowledging that the bank...
We’re following major developments in the markets throughout the day. Check below for the latest updates.
10 questions from a 17-page survey sent out recently by Wells Fargo.
Wells Fargo is eager to move on from the scandal involving bank employees opening millions of accounts for customers without their permission. First, however, it has a few questions for credit card holders. Among other things, it wants to know how they feel about the following statements, on a...
Giant pension funds -- like Calpers, which manages the retirement funds of California's public employees, and its New York City counterpart -- are planning to vote against most of Wells's 15 board members, saying they failed in their duties to oversee the company. Show More Summary
Retail banking giant Wells Fargo has fixed problems in its 2015 bankruptcy plan and will now be allowed to open new international branches, US banking regulators said Monday. A Treasury Department agency found this month found the bank's...Show More Summary