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Stories of Interest
- White House Now Doesn’t Dispute Details of Trump's Call with Army Widow
- Goldman Sachs’ Lloyd Blankfein Just Threw Some Serious Brexit Shade
- Guggenheim Partners ‘Bank Wrecker’ Could Get $100Mn Exit Package
- Proposed Arbitration Rule Change: For Customers Dealing with an Inactive Firm or Associated Person
- This Family Bet It All on Bitcoin
- Clearinghouses Pass CFTC Liquidity Stress Tests
- President Trump Admits He’s Trying to Kill Obamacare. That’s Illegal.
- Trump Plunges Down List of ‘America’s Richest’
- Is Trump’s “Foreclosure King” in Over His Head?
- FBI Arrests NCAA Basketball Coaches and Adidas Rep in Bribery Probe Involving Recruitment
- Equifax CEO Steps Down Amid Hacking Scandal
- Litigation Costs to Rub Salt in RBS Investor Wounds
- RIAs Poised to Land Wirehouse Recruits - Dan Jamieson
- Citibank and U.K. Affiliate to Pay $550K Penalty for Swap Data Reporting Violations - CFTC
- AIG to Restructure into 3 New Units, Marking CEO's First Big Move
- Accounting Firm Deloitte Says It Suffered Cyberattack (subsc reqd)
- Upcoming FINRA Board Meeting and FINRA360 Update
- Elizabeth Warren Lifts Hold on Trump DOJ Antitrust Nominee
- Bigger Mergers Narrow Indy Reps' Options, Alter IBD Channel - Dan Jamieson
- Dentons to Merge with U.K.'s Murray & Spens
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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.