So much for Shart and CIB bringing us to the Investment Banking powerhouse or saving the future of the “firm.”
https://www.reuters.com/business/finance/wells-fargo-faces-government-probe-anti-money-laundering-sanctions-2024-08-01/
10 replies (most recent on top)
when you replace chite with even bigger chite, this is what you get.
AML is anti money laundering or things we do to prevent money laundering. If we don’t do these things we can get fined millions of dollars
What is AML and why should I care?
Didn’t they land on him after when their top picks didn’t want the job? That may be why he’s still here, the board isn’t sure they’ll be able to find anyone at all next time, let alone anyone better.
Nothing needs to be broken up. Fire shart and his cronies, bring in someone that's actually competent, and we'd be fine. 100% of our problems start at the top.
Not surprised. The firm is a joke just like scharf. The board needs to break up the firm. And any advisor working for this rat ship doesn't care about clients.
I wonder if this is the same thing as that AML scandal a bunch of banks got caught up in a couple years back? I’d thought we’d avoided one for once, maybe not.
this has nothing to do with the asset cap.
Develop You isn’t working????
Where does it say anything about CIB?