Search Results for: wells fargo

Wells Board swinging at each other ahead of House hearing

Ever since Senator Elizabeth Warren skillfully revealed how Wells executives used predatory cross-selling mandates to whip staff, prey on customers and pump up their personal stock holdings, the Wells Board of Directors (of which CEO Stumpf is also Chariman, let’s … Continue reading

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Warren shows what must be done to curb lawless financial sector

We need zero social and political tolerance and stiff personal penalties for individuals who enable and profit off financial crimes, if we are to rout out widespread abuse in this sector.  And if we don’t develop that, then we, the … Continue reading

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Personal prosecution of finance executives and directors necessary

News yesterday that the Wells Fargo board voted to clawback a further $75 million in bonus awards from two former senior executives who it says were largely to blame for driving a culture of fraudulent sales activities.  Still, it is … Continue reading

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Employees at Canadian banks speak out about pressure to ‘dupe’ customers

When news of the Wells Fargo fraud/sales pumping culture hit last October, we reminded our readers, that this was not just a Wells story, but financial sector wide.  (See our archive of stories here).  And last week, when news of … Continue reading

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Why Buffett won’t warn that stocks are in a bubble

I’ve written about why the myth of Warren Buffett can be harmful to real life investors several times over the past decade.  See a few articles here.  I used to respect his legend, now I can’t, here’s why. In December … Continue reading

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Breaking point for underfunded savings plans

As I and others have been warning for a few years now, (here’s a list of just our most recent articles), defined benefit pensions have been planned to fail through years of under-funding by workers and employers alike. Few have … Continue reading

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