banking
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Is It Tuesday? Time For Another Banking Scandal…

Another day, another major banking scandal. It’s getting to the point where you can practically set your watch to these things. The latest involves our old friend Wells Fargo. The Wall Street Journal reported last night that Wells has been screwing its customers on foreign currency exchange rates. According to the Journal, Wells Fargo conducted an internal review Read More…

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Senators Want to Know: Who’s Actually Being Held Accountable at Wells Fargo?

Elizabeth Warren asks: Has Wells Fargo CEO John Stumpf “profited from the bank’s fraud”? When Wells Fargo CEO John Stumpf stepped down last week, Sen. Elizabeth Warren said it wasn’t “real accountability” given the scope of the financial institution’s fake-account scandal. Now, Warren and her colleague Sen. Robert Menendez (D-N.J.) are doubling down on that accusation, Read More…

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Warren Skewers Wells Fargo CEO for Greed and ‘Gutless Leadership’

“You should resign, you should give back the money you took while this scam was going on and you should be criminally investigated by both the Department of Justice and the Securities and Exchange Commission.” As many hoped she would, Sen. Elizabeth Warren (D-Mass.) on Tuesday gave a thorough tongue-lashing to Wells Fargo CEO John Read More…