BROWSE BY TOPIC
Stories of Interest
- New Cyberattack Goes Global, Hits WPP, Rosneft, Maersk
- Deutsche Bank Said to Lose as Much as $60Mn Over Derivative Trade
- Dimon Says JPMorgan Headcount to Keep Rising Despite Automation
- RBS to Cut 443 Jobs In UK, Move Many of Them to India
- Deutsche Bank Bullish on London Despite Brexit
- Supreme Court Nears Finish With Big Cases, Retirement Rumors
- The Richest Person in Every State
- LPL Tabs Scott Seese, Former eBay Exec, as Chief Information Officer
- Fired Biglaw Associate Arrested for Trying to Extort Partners
- Canada's CIBC Completes $5Bn PrivateBancorp Buy
- Word ‘Women’ Literally Never Appears in U.S. Senate’s 142-Page Health-Care Bill
- Stephen Pierce, Goldman Sachs Global Head of Equity Markets, To Retire
- Al Gore 'Not Very Smart,’ But Became Filthy Rich Using Simple Investing Formula - Charlie Munger
- U.S. Regulators, Lawmakers Support Volcker Rule Revamp at Hearing
- Morgan Stanley Opts for Frankfurt as New EU Hub
- A New Risk for Goldman, Morgan Stanley in Stress Tests (subsc reqd)
- A Trump Bump for Law Firm of President’s Lawyer - Kasowitz Benson Torres
- JPMorgan, BofA, Goldman, Citi, Wells Fargo Pass Fed's Stress Test
- Blackstone Stock Still Trading at $31 - Its IPO Price From 10 Years Ago
- NJ Resident and NY-Based Global FX Club Charged with Solicitation Fraud, Misappropriation - CFTC
We seek to provide information, insights and direction that may enable the Financial Community to effectively and efficiently operate in a regulatory risk-free environment by curating content from all over the web.
Stay Informed with the latest fanancialish news.
NEWSLETTERS & ALERTS
Showdowns At Two Bank Annual Meetings
This week shareholders are lining up for two annual meetings: Wells Fargo meets on Tuesday in Ponte Vedra Beach, FL; Credit Suisse meets on Friday, presumably in Zurich, SUI. As they say, "This ain't your grandfather's generation anymore."
Wells Fargo Directors. This year's annual meeting will boil down to a referendum on the bank's board of directors. So far, 5,300 employees have lost their jobs over the accounts scandal that began as far back as 2002 but only broke in September 2016. The next group who could lose their jobs are the Wells Fargo directors, who face re-election on Tuesday. Warren Buffet, who holds about 10% of the company's voting shares, has re-affirmed his support for the incumbent directors. However, giant pension funds in California and New York intend to vote against most of the bank's 15 directors.
Credit Suisse Executives. Investors are up-in-arms over bonuses authorized by the Compensation Committee for bank executives and board members. Investors have revolted over Credit Suisse's decision to pay nearly $80 million in bonuses to top executives and to raise board compensation. Since 2015, the bank has incurred losses of about $5.7 billion. [See Financialish, 3/28/17.]