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Stories of Interest
- North Korean caught secretly mining bitcoin rival
- IPO Timelines Cut by 80% After SEC's Private Filing Decision
- How the Carried Interest Break Survived the Tax Bill
- FINRA: The Neutral Corner
- Coinbasex Says Buying and Selling Temporarily Disabled Amid Price Rout
- Bitcoin plunges by more than a third in a single day
- Goldman Is Setting Up a Cryptocurrency Trading Desk
- Jefferies Lets Employees Choose When to Receive Their Bonuses
- UBS Told to Pay $903K After Losing Retaliation Verdict
- BEWARE: Long Island Iced Tea Shares Soar After Changing Name to Long Blockchain
- Gary Cohn’s Last Laugh: Cashing Out on Trump’s Tax Plan
- E*Trade Lets Customers Trade in CBOE Bitcoin Futures
- Swiss Find Serious Shortcomings at JPMorgan in 1MDB Case
- Washington-based Investment Adviser and His Business Partner Charged in Multi-Million Dollar Scheme
- FINRA Board of Governors Meeting
- Cryptocurrency Market Now Doing Same Daily Volume as the NYSE
- Jailed Barclays Trader Must Pay $400,000 From Libor Profits
- Trump Asks ‘How’s Your 401(k)?’ But Most Voters Don’t Have One
- A Bitcoin Hedge Fund’s Return: 25,004% (That Wasn’t a Typo)
- Madoff Victims Near Full Recovery of Principal With Payout
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NEWSLETTERS & ALERTS
OCC Reportedly Removes Top Examiner for Wells Fargo
[Photo: by Stephen Voss for The Wall Street Journal]
Sometime in the last 2 weeks, the senior most bank examiner overseeing Wells Fargo was reportedly stripped of his supervisory responsibilities by the Office of the Comptroller of the Currency (OCC), the lead regulator for national banks. The source of the report were 3 anonymous individuals who were not authorized to discuss the matter publicly.
The supervisor, Barry Linskens, was responsible for day-to-day supervision of Wells Fargo and managed a staff of more than 60 people, according to past notices from the OCC. He joined the OCC in 1993 and earliest oversight of Wells Fargo began in 2006.
In 2016, Linskens was honored with the title "senior national bank examiner" and received accolades in a news release from Comptroller Thomas Curry, who runs the OCC.
In September, Curry ordered an internal review of how the OCC handled the Wells Fargo matter and whether the agency has "gaps in our supervision." That review is drawing to a close, said an OCC official.