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Stories of Interest
- Address at ICI's 2017 Securities Law Developments Conference - SEC Commissioner Stein
- New York Pension Fund Seeks More Pay Disclosure from Wells Fargo
- Wells Fargo Sanctions Are on Ice Under Trump Official
- Josh Brown: Here's How to Buy Bitcoin, But Realize It Could Be One Giant Bubble
- Trump's New Tax Plan Could Cost Citigroup $20 Billion
- Morgan Stanley Fires Former Congressman Harold Ford Jr.
- Al Franken Will Resign Over Sexual Misconduct Allegations - His Full Resignation Speech
- Ex-NFL Player Gets 40 Years for Running $10Mn Fraud
- Bitcoin Blows Past $15K, Adding $2K in Under 12 Hours
- Financial Adviser Settles Charges for Defrauding Private Equity Fund Investors
- New Cross Market Equity Supervision Report Cards - FINRA Phone-In Workshop, WebEx Presentation
- Mueller Just Crossed Trump's Red Line, With Deutsche Bank Subpoena
- Wildfire Rages Near Los Angeles
- Former Company Insider Has $4.1Mn Payday as a Whistleblower
- Audit Firm, Anton & Chia, Conducted Fraudulent Audits of Penny Stock Companies - SEC
- Mueller Subpoenas Deutsche Bank Records on Trump and Family
- Bitcoin Nearly Halfway to $400Bn Value Predicted by Winklevoss Twins 4 Years Ago
- Fidelity Clients Suffer Second Website Glitch in Week
- CBOE Beats CME to Bitcoin Futures Launch with December 10 Start
- McKinsey Senior Exec Thomas Barkin Named New Head of Federal Reserve Bank of Richmond
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NEWSLETTERS & ALERTS
Wells Fargo: Taking Its Case to the Court of Public Opinion
Two weeks ago, Wells Fargo CEO Tim Sloan told a town hall-style meeting in Orlando, FL, that the bank would launch a new advertising campaign built around the theme “Building Better Every Day.”
In today's (Tuesday, 4/4) print editions of the NYTimes and the WSJounral, Mr. Sloan expressed a big "Thank you" "to all who have stood by us as we have worked to make things right at Wells Fargo."
Tim Sloan shared the following steps taken by the bank to regain the public's trust:
- We've taken many steps to make things right for our customers.
- We've made changes to ensure we always put our customers' needs first.
- We've strengthened our ethics and risk management.
- And we've demanded greater accountability from ourselves.
In the near term, the Wells Fargo Board of Directors will issue the results of its independent investigation. That should be interesting - particularly when it can be compared to the results of federal investigations and courtroom testimony.
Which reminds us of Credit Suisse, which just this weekend published newsprint ads in at least 2 U.K. newspapers. In those ads, CEO Tidjane Thiam sought to distance the bank from Friday's reputation-busting raids on Credit Suisse offices in 5 countries.