This is due to fake trades and market manipulation of precious metals and Chainsaw keeps poaching these people. Wtf? I hope they kept their noses clean and had nothing to do with it but these aren't great optics. I can’t stand an old boys club.
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The Fed was a Chase creation and if you know anything about the lawsuit regarding Washington Mutual's acquisition, this wont come as a surprise (although to be fair to them ,they have also provided stability to the system as their own existence depends on it)
Jamie's a liberal sheep
I didn’t do a lot of research on the JP Morgan fine, but where Wells Fargo went so wrong was John Stumpf’s smug response once our scandal was brought to light to the public. He continued to praise Carrie Tolsdedt and our cross-selling prowess. And he refused to take responsibility, instead blaming lower-waged workers. His defiance is what raised the ire of regulators, making them continue to dig deeper and deeper.
I’m pretty sure Wells Fargo’s response to scandal is now the classic example of how NOT to do it.
Wells Fargo deserves everything that has come our way, especially the asset cap. And I feel quite sure more will be exposed. All of our current focus on cost-cutting and creating efficiencies has the yes-men in high gear to make themselves look good. There are processes that need to be simplified. But that’s too hard, so instead they are going after the easy stuff which is reducing service to our clients. We will F this up too..
Until 4 or 5 years ago WF was APOLITICAL. TPTB didn;t like that and arranged to make a change. That's why the left slanted media jumped all over it. Now WF toes the line with NIKE STARBUCKS and TARGET.
Prior to the cultural change WF had record profits, refused the bailout money, and was very stable.
Worse criminal activity than here! THey are rated as the most crooked bank in US. Make sure you dont use them, they prob will steal what you deposit.
They need a cap!
They want Wells Fargo to be more like Chase. Yeah.
Where is all the outrage over this that was thrown at Wells Fargo? I have worked at both and I can tell you Chase is much more corrupt than Wells Fargo ever was, but no one wants to hear it because Jamie is everyone’s golden boy.
Wow. That’s almost as many fake accounts opened at Wells Fargo.