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Stories of Interest
- Credit Suisse Fully Compliant on Sanctions: CEO
- Ex-UBS Metals Trader Beats Spoofing Conspiracy Charge
- Investment Advisor, WCAS Management Corp, To Pay Nearly $800K Over Conflicts of Interest
- Altaba, fka Yahoo!, to Pay $35Mn for Failing to Disclose Massive Cybersecurity Breach - SEC
- SEC Formerly Bars Martin Shkreli from Industry
- HF Billionaire Steve Cohen Buying Into Fintech Start-Ups
- Deutsche Bank Is Weighing Massive Cuts in Its U.S. Cash Equities Unit
- Richard Jenrette, Co-Founder of DLJ Investment Bank, Dies at 89
- Goldman Sachs Makes First Hire in Cryptocurrency Markets Unit
- Special FINRA Election to Fill Large Firm Governor Vacancy
- Chicago-Based Investment Adviser Sentenced to 151 Months in Prison - SEC
- Dun & Bradstreet Hit With FCPA Violations - SEC
- SEC Charges Additional Defendant in Fraudulent ICO Scheme
- Warren Buffett Simply Blew it on Wells Fargo Stock: Dick Bove (Video)
- Barclays and Deutsche Bank to Lag U.S. Trading Peers
- NY AG Schneiderman Seeks to Close Loophole That Could Let Trump Pardons Block State Charges
- 'Fearless Girl' is Moving to NYSE After Year Staring Down 'Charging Bull'
- What's In Your Wallet - American Express Shares Soar After Earnings Release
- Deutsche Bank's Executive Departures Continue Following Change in CEO
- Reflections of an Economist Commissioner (SEC's Piwowar)
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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.