8chan/8kun QResearch Posts (15)
#11625937 at 2020-11-13 14:53:29 (UTC+1)
Q Research General #14843: Basham says incoming today Edition
Former Wells Fargo CEO charged by SEC for role in misleading investors
The Securities and Exchange Commission said Friday that it filed charges against former Wells Fargo & Co. WFC, 0.15% Chief Executive John Stumpf and former head of the bank's Community Bank Carrie Tolstedt for their roles in allegedly misleading investors about success of the core business. The filings include settled charges against Stumpf, who agreed to pay a $2.5 million penalty, and litigation alleging Tolstedt committed fraud. The SEC's order against Stumpf, who announced his retirement in October 2016 amid a sales practice scandal, finds that in 2015 and 2016, Stumpf signed and certified statements filed with the SEC, which he should have known were misleading, regarding both Wells Fargo's Community Bank cross-sell strategy and its reported metric. "If executives speak about a key performance metric to promote their business, they must do so fully and accurately," said Stephanie Avakian, director of the SEC's Division of Enforcement. "The Commission will continue to hold responsible not only the senior executives who make false and misleading statements but also those who certify to the accuracy of misleading statements despite warnings to the contrary." Wells Fargo's stock rose 0.6% in premarket trading. The stock has tumbled 55.7% year to date through Thursday, while the SPDR Financial Select Sector ETF XLF, 0.94% has lost 13.6% and the S&P 500 SPX, 0.76% has gained 9.5%.
https://www.marketwatch.com/story/former-wells-fargo-ceo-charged-by-sec-for-role-in-misleading-investors-2020-11-13
#11073659 at 2020-10-14 22:41:39 (UTC+1)
Q Research General #14162: Dem Peach Mint Debacle Goes All In Edition
Wells Fargo Fires Over 100 Employees For Illegally Pocketing Virus Relief Funds
First JPMorgan admitted that over 500 of its generously paid employees had "illegally pocketed" covid-relief funds - and then summarily fired most of them - and now it's chronic lawbreaking recidivist Wells Fargo's turn.
The bank, whose stock tumbled today after reporting dismal results and then was hit with even more selling after cutting its net interest income outlook, has fired more than 100 employees for illegally getting covid relief funds which were meant to help small businesses, Bloomberg reported citing a person familiar.
Warren Buffett's favorite bank uncovered dozens of employees who defrauded the Small Business Administration "by making false representations in applying for coronavirus relief funds for themselves," according to an internal memo reviewed by Bloomberg. Similar to JPMorgan, the abuse was tied to the Economic Injury Disaster Loan program and was outside the employees' roles at the bank, according to the memo.
"We have terminated the employment of those individuals and will cooperate fully with law enforcement," David Galloreese, Wells Fargo's head of human resources, said in the memo. Wells Fargo's actions follow JPMorgan Chase & Co.'s finding that more than 500 employees tapped the EIDL program which hands out as much as $10,000 in emergency advances that don't have to be repaid, and dozens did so improperly.
The bank "will continue to look into these matters," Galloreese added, saying the employees' abuse didn't involve customers… for once. "If we identify additional wrongdoing by employees, we will take appropriate action."
As Bloomberg notes banks were urged by the SBA to look out for suspicious deposits from the EIDL program to their customers and even their own staff, after an analysis identified that at least $1.3 billion was sent out from the SBA for suspicious payments. While the program offers loans to businesses, much of the concern has focused on its advances of as much as $10,000 that don't have to be repaid.
Wells Fargo is best known for its role in a massive account fraud scandal in which the bank created millions of fraudulent savings and checking accounts on behalf of Wells Fargo clients without their consent over a 14-year period. The fallout led to the bank paying $3 billion to settle criminal charges and former CEO John Stumpf losing his job after a historic Congressional grilling, while also agreeing pay a personal $17.5 million fine. In 2018, Wells Fargo agreed to an unprecedented consent order from the Fed which capped the size of its balance sheet and limited how many loans the bank can issue, one of the factors behind the dismal performance of its stock in recent years, which even prompted Warren Buffett to finally dump some of his Wells Fargo holdings.
https://www.zerohedge.com/markets/wells-fargo-fires-over-100-employees-illegally-pocketing-virus-relief-funds
#10043731 at 2020-07-22 14:21:04 (UTC+1)
Q Research General #12853: Earthquakes and Tw^tter Bans and Closed Consulates, Oh My! Edition
>>10043730
2 of 3
Crane has powerful reasons to pay close attention to ComEd, a core operation of Exelon that generates more than one-quarter of the holding company's operating profit. As Exelon's largest utility, it couldn't be more important to Crane's goal of building up utility operations and reducing the company's reliance on nuclear power plants. He serves as a ComEd director, responsible for monitoring top utility execs such as Pramaggiore, whose spokesman says she did nothing wrong.
As CEO, Crane also bears responsibility for corporate culture throughout the Exelon empire. He oversaw a culture that not only tolerated corruption but allowed it to flourish. He should answer for the deeds of underlings whose actions reflect that culture.
There's precedent for canning CEOs who abide cultural corruption, even when they're personally uninvolved and unaware of specific dishonest acts. Former Wells Fargo CEO John Stumpf never created a checking account without the customer's knowledge, but he lost his job after it came to light that low-ranking employees of the giant bank were doing so on an industrial scale.
Joseph Berardino of Arthur Andersen similarly took the fall for the actions of subordinates after the now-defunct accounting firm was charged with a crime. Prosecutors indicted Andersen for shredding documents relating to its audit of corrupt energy company Enron.
While my nature is to keep fighting and protect our clients, the fact is that the improper shredding of documents took place on my watch," Berardino said at the time, "and I believe it is now in the best interests of the firm for me to step down.
Crane shows no inclination to accept responsibility for the actions that led to criminal charges against ComEd. In a statement released on Friday, he said "a small number of senior ComEd employees and outside contractors orchestrated this misconduct, and they no longer work for the company." He said the company will clean up its lobbying, offered an apology "for the past conduct that didn't live up to our own values," and promised "we will ensure this cannot happen again."
Blame-ducking and apologies aren't good enough. Exelon directors should hold Crane to the same standard imposed on CEOs of other criminally charged companies. He failed in one of his most important duties as CEO: instilling a culture of integrity throughout Exelon's corporate empire. If he had made it clear that corruption wouldn't be tolerated, ComEd executives never would have done the bidding of Madigan's henchmen.
The first time a political operative tried to extort a payment or a job, they would have gone to prosecutors. Instead, they danced to Madigan's tune in a long-running tango with benefits for both partners, courtesy of ComEd customers.
#9094008 at 2020-05-09 15:32:15 (UTC+1)
Q Research General #11640: From Our Farm To Your House? The Farm To [pitch]Fork Edition
The list of 110 names released by the White House also included lobbyists, business executives and Left-wing activists such as the mogul George Soros.
No previous administration has released such a list, but the 110 names and 481 visits represented just a fraction of the hundreds of thousands of visitors who have gone through the White House's doors since January.
The White House said it plans to release most names of visitors from October onwards but that will not happen for another year.
The names released included Serena Williams, the tennis player, Microsoft co-founder Bill Gates (whose foundation is pushing for changes in teacher pay), Exxon Mobil CEO Rex Tillerson, former AIG chairman Maurice Greenberg, JP Morgan's James Dimon, Chevron CEO David O'Reilly, Citigroup's Vikram Pandit, and Goldman Sachs CEO Lloyd Blankfein.
Other visitors included Morgan Stanley's John Mack, Bank of America CEO Kenneth Lewis, John Stumpf of Wells Fargo, State Street bank's Ron Logue, BNY Mellon's Robert Kelly, Andrew Stern, the labour leader from the Service Employees International Union, American Bankers Association CEO Ed Yingling and the lobbyists Heather and Anthony Podesta.
What names pop out?
Bill Gates
Rex Tillerson?
Al Gore, Oprah Winfrey and George Soros are among the visitors to President Obama's White House listed in newly released logs
Soros, the global financier and philanthropist, for example, visited the White House on Feb. 25 for a visit with Obama's top economist, Larry Summers. The records show Soros also had meetings in the Old Executive Office Building on March 24 and March 25. Soros is one of the wealthiest investors in the world, and has become a controversial figure for his currency trading and for investing part of his vast fortune in liberal causes.
https://www.politico.com/story/2009/10/soros-gore-among-wh-visitors-028950
#7907829 at 2020-01-25 07:49:23 (UTC+1)
Q Research General #10120: Late Night Mind Bend Edition
>>7907818
forgot the sauce LOL
https://www.wsj.com/articles/ex-wells-fargo-ceo-John-Stumpf-agrees-to-pay-sales-misconduct-charges-11579803789
#7907818 at 2020-01-25 07:45:35 (UTC+1)
Q Research General #10120: Late Night Mind Bend Edition
Wells Fargo ex-boss John Stumpf fined and banned from the banking industry over fake-account scandal.
Thanks to the Office of the Comptroller of the Currency.
Swamp draining operations continue
Whoot Whoot
#7898945 at 2020-01-24 15:34:38 (UTC+1)
Q Research General #10108: We Caught 'Em All Edition
Former Wells Fargo chief executive barred from banking industry
https://www.washingtonpost.com/business/2020/01/23/banned-life-former-wells-fargo-chief-executive-barred-banking-industry/
Banking regulators pursuing what they describe as "systemic" misconduct in sales practices at Wells Fargo have reached an agreement with former chief executive John Stumpf that bars him from the banking industry and fines him $17.5 million.
The regulators continue to pursue civil charges, fines and prohibitions against five other executives for an array of oversight failures and deceptive methods at the bank.
The misconduct affected millions of bank customers from 2002 to 2016, according to a statement by the Office of the Comptroller of the Currency, which sought the charges. The regulators have found, among other things, millions of accounts opened for customers without their knowledge.
#7889390 at 2020-01-23 20:42:28 (UTC+1)
Q Research General #10096: Corrupt [D]s fighting for their lives Edition
Ex-Wells Execs Hit With $59MM In Fines Over Fake Account Scandal; Stumpf Barred For Life
Nearly four years after Wells Fargo's reputation was terminally crushed by the humiliating fake accounts scandal, the punishment for Warren Buffett's favorite bank and its (mostly former) employees is still being doled out, and moments ago the Office of the Comptroller of the Currency announced $59 million in civil charges and settlements with eight former Wells Fargo senior executives on Thursday, including the payment of a $17.5 million fine by John Stumpf, the bank's former CEO, who also agreed to a lifetime industry ban. Carrie Tolstedt, who led Wells Fargo's community bank for a decade, faces a penalty of as much as $25 million.
"The actions announced by the OCC today reinforce the agency's expectations that management and employees of national banks and federal savings associations provide fair access to financial services, treat customers fairly, and comply with applicable laws and regulations," Joseph Otting, who heads the OCC, said in a statement.
Wells Fargo unleashed unprecedented public and political ire in 2016 after its was revealed that bank employees opened millions of fake accounts to meet sales goals. That and a slew of retail-banking issues that subsequently came to light have led to regulatory fallout that's in many cases unprecedented for a major bank, including a growth cap from the Federal Reserve. It also led to a historic Congressional grilling of the bank's then CEO, John Stumpf, who resigned shortly after.
As Bloomberg notes," this is the first public step the OCC has taken against former executives related to Wells Fargo's problems. Regulators received criticism from some corners over the fact that few individuals and no top executives were held accountable for crisis-era missteps that cost the banks billions in fines and penalties."
Regulatory actions against Wells Fargo have also included billions of dollars in fines and legal costs, and an order giving the OCC the right to remove some of the bank's leaders. The Department of Justice and the Securities and Exchange Commission also have been investigating the lender's issues.
Why did it take 4 years for some individual justice to finally emerge? Simple: regulatory capture - as Bloomberg adds, the OCC drew scrutiny of its own as the firm's main regulator throughout the scandals, prompting an internal review at the agency.
The OCC and the Fed have both cited a wide-ranging pattern of abuses and lapses at Wells Fargo, yet despite the universal condemnation, the bank's biggest shareholder, Warren Buffett, has refused to dispose of his stake.
https://www.zerohedge.com/markets/ex-wells-execs-hit-59mm-fines-over-fake-account-scandal-Stumpf-barred-life
#7888771 at 2020-01-23 19:55:41 (UTC+1)
Q Research General #10095: Q'd for Freedom Day! Edition
Wells Fargo's Ex-Chief Fined $17.5 Million Over Fake Accounts
John Stumpf and two other former executives were fined Thursday, and Wells Fargo's chief federal regulator said it would seek penalties against five others.
Wells Fargo's main federal regulator took punitive action against the bank's former chief executive, John G. Stumpf, and seven other executives on Thursday, seeking millions in personal fines from the leaders it said were accountable for the bank's toxic sales culture and illegal acts. Mr. Stumpf agreed to a lifetime ban from the banking industry and a fine of $17.5 million in a settlement with the Office of the Comptroller of the Currency. Two other former executives agreed to lesser fines and also face restrictions on their work in the industry.
The action was a rare case of federal officials holding top executives accountable for their company's misdeeds, which included foisting unwanted products and sham bank accounts on millions of customers. More charges may be coming: A Justice Department investigation into the actions of Wells Fargo and its leaders remains open. In announcing its civil action, the banking regulator sharply rebuked Wells Fargo's former leaders for favoring profits and other market rewards over protecting its customers. "The bank had better tools and systems to detect employees who did not meet unreasonable sales goals than it did to catch employees who engaged in sales practices misconduct," the regulator said.
In addition to the three executives who reached settlements, the office said it was bringing enforcement actions against five others. It sought its largest penalty - a $25 million fine - from Carrie L. Tolstedt, the bank's former retail banking leader.
Ms. Tolstedt, who left the bank in 2016, is fighting the agency's civil charges against her. She "acted with the utmost integrity" and will be vindicated by "a full and fair examination of the facts," her lawyer, Enu Mainigi, said in a statement.
Mr. Stumpf, in a sworn statement to the O.C.C., blamed Ms. Tolstedt and others for what he acknowledged was "systemic" misconduct throughout the bank.
Wells Fargo's problems erupted into public view in late 2016, setting off a crisis that continues to reverberate more than three years later. Mr. Stumpf, the chief executive at the time, was quickly ousted. His successor, Timothy J. Sloan, resigned last year after failing to quell the bank's turmoil.
https://finance.yahoo.com/news/us-regulator-fines-ex-wells-fargo-ceo-17-192307989.html
#5963473 at 2019-03-29 17:18:35 (UTC+1)
Q Research General #7627: Cardi B. Survivors Edition
Outsider CEO won't be an instant fix for Wells Fargo: analysts
(Reuters) - Wells Fargo & Co's plans to bring in an outsider as its next chief executive could give the scandal-plagued bank a much needed fresh start, but a turnaround will not be easy for whoever takes the helm, analysts said.
The fourth-largest U.S. bank by assets said on Thursday that CEO Tim Sloan, a 31-year Wells Fargo veteran, would resign immediately and a committee would meet on Friday to start looking for a replacement from outside the bank.
More than two years after its wide-ranging sales practices scandal first came to light, Wells Fargo is still struggling to repair its reputation and relationship with U.S. regulators.
"Reforming decades of past mistakes at an institution as large as Wells is a difficult and time-consuming endeavor," said Morningstar analyst Eric Compton in a note on Friday.
It remains unclear what exactly triggered Sloan's abrupt departure. Sloan, who had been CEO since predecessor John Stumpf left the bank soon after the scandal erupted in 2016, said he made the decision because the focus on him had become a distraction and a hurdle to helping the bank recover.
Critics had accused Sloan, who was part of the management team while the wrongdoing was happening, of being too entrenched in Wells Fargo's culture to change it.
Wells Fargo Board Chair Betsy Duke did not give clear guidelines on what kinds of candidates the board is looking for.
https://www.reuters.com/article/us-wells-fargo-ceo/outsider-ceo-wont-be-an-instant-fix-for-wells-fargo-analysts-idUSKCN1RA21G
Cap #2 is what Well's was involved with re: the Latin American Debt crisis
Latin American Debt Crisis of the 1980s
During the 1980s-a period often referred to as the "lost decade"-many Latin American countries were unable to service their foreign debt.
rest here
https://www.federalreservehistory.org/essays/latin_american_debt_crisis
#5958206 at 2019-03-29 05:49:44 (UTC+1)
Q Research General #7620: Follow Keyword Designators Edition
>>5958075
coincidence former CEO John Stumpf has same thing going on?
#5957443 at 2019-03-29 04:16:32 (UTC+1)
Q Research General #7619: [Knowingly] Edition
Wells Fargo CEO Tim Sloan steps down
(Reuters) - Wells Fargo & Co said on Thursday Tim Sloan will resign immediately as chief executive, becoming the second CEO to leave the bank in the fallout of a wide-ranging sales practices scandal. The board said in a statement it concluded it was best to seek an outside candidate to replace Sloan. The bank's general counsel, C. Allen Parker, one of the few newcomers in the bank's top ranks, will serve as interim chief executive. The move amounted to an admission that the board erred three years ago by appointing another insider after the previous CEO, John Stumpf, resigned following revelations that Wells Fargo had opened potentially millions of unauthorized consumer accounts. Prior to becoming CEO, Sloan served as chief operating officer and head of the wholesale bank.
In a Thursday conference call, Sloan, 58, said he decided to leave because the focus on him had become a distraction inhibiting the bank from moving forward. "I want to assure all of our stakeholders that this was my decision and is not related to our first-quarter financial performance, the long-term outlook for the company or any newly discovered issues," he said. On the call, analysts tried unsuccessfully to get a direct answer to whether regulators had given Sloan the final push, or even whether the bank had been surprised by the most recent criticism from the Comptroller of the Currency.
Board Chair Betsy Duke declined to say what qualifications directors want in the next CEO, including whether they will insist on having an executive with banking industry experience. She said the person will be someone who really wants "the challenge and the opportunity…That is the person we want." She added the bank has not yet spoken with anyone regarding the CEO position, and the search committee will meet for the first time on Friday. As recently as a week ago, the board had reiterated its unanimous support for Sloan. Critics had accused Sloan, who was part of the management team while the wrongdoing was happening, of being too entrenched in Wells Fargo's culture to change it, even as the bank tried to do just that and move past its scandals. In March 2018, the U.S. Federal Reserve imposed an unprecedented asset cap on Wells Fargo, barring it from growing its balance sheet until it improved risk management controls. Wells Fargo has said it expects to operate under the cap for the remainder of the year.
It is not yet clear what was the final straw for Sloan. However, the banks primary regulators, the Office of the Comptroller of the Currency and the Federal Reserve, criticized the bank in recent weeks. "What happened at Wells Fargo really was a remarkably widespread series of breakdowns really in their risk management apparatus," Fed Chairman Jerome Powell said. The Fed and the Office of the Comptroller of the Currency both declined to comment on Sloan's departure. As Wells Fargo tried to move on, it got rid of the lofty sales incentives that led to the fake accounts and repaid millions to customers who were improperly charged fees. But reputational issues continued to hang over the bank as it racked up billions in settlements and fines.
https://www.reuters.com/article/us-wells-fargo-ceo/wells-fargo-ceo-tim-sloan-steps-down-idUSKCN1R92MJ
#5953461 at 2019-03-29 00:18:17 (UTC+1)
Q Research General #7614: Super Elite Edition
Warren Buffett endorsed Tim Sloan '100%' - minutes later, the Wells Fargo CEO retired
An endorsement from one of the greatest value investors of our generation, and a big owner of shares in Wells Fargo, usually is worth its weight in gold.
However, despite a ringing endorsement from Warren Buffett, Tim Sloan - a longtime Wells Fargo executive who replaced beleaguered CEO John Stumpf back in 2016, amid a furor over thousands of fake accounts created by salespeople to meet quotas - announced his retirement on Thursday, the bank said.
https://www.marketwatch.com/story/warren-buffett-endorsed-tim-sloan-100-minutes-later-the-wells-fargo-ceo-retired-2019-03-28?mod=hedge-fund-moves-and-insider-trades
#5877760 at 2019-03-25 06:51:24 (UTC+1)
Q Research General #7519: You Have A Front Row Seat Edition
Former Wells Fargo CEO John Stumpf
''
Former Wells Fargo CEC John Stumpf recieved this letter from Board Of Governors of the Federal Reserve:
https://www.federalreserve.gov/newsevents/pressreleases/files/enf20180202a4.pdf
#5425088 at 2019-02-28 01:12:35 (UTC+1)
Q Research General #6935: Traditional America Edition
>>5424994
that teneo link stands out….
and then there is this confab back in 2016.
https://www.businesswire.com/news/home/20160906005784/en/Time-Host-2016-FortuneTime-Global-Forum-Rome
Time Inc. (NYSE:TIME) will host the 2016 Fortune/Time Global Forum in Rome and at the Vatican, December 2 and 3, it was announced today by Chairman & CEO Joe Ripp. The unprecedented gathering will convene select global Fortune 500 CEOs, members of the Time 100 and non-profit, academic, religious and labor leaders to address the need for a global economic system that both encourages growth and spreads its benefits more broadly. The two-day conference will culminate in an address by His Holiness Pope Francis.
The 2016 Global Forum Host Committee (Rogues Gallery):
Dominic Barton, Global Managing Partner, McKinsey & Company
Klaus Kleinfeld, Chairman and CEO, Alcoa
Koos Bekker, Chairman, Naspers
Rich Lesser, President and CEO, The Boston Consulting Group
Richard Branson, Chairman, Virgin Group
Andrew Liveris, Chairman, President and CEO, The Dow Chemical Company
John Browne, Executive Chairman, L1 Energy
Federica Marchionni, CEO, Lands' End
Victor L. L. Chu, Chairman, First Eastern Investment Group
Mike McNamara, CEO, Flex
Hernando de Soto, President, Institute for Liberty and Democracy
Denise Morrison, President, Director and CEO, Campbell Soup Company
Lynn Forester de Rothschild, CEO, E.L. Rothschild
Indra Nooyi, Chairman and CEO, PepsiCo
Claudio Descalzi, CEO, Eni
Stefano Pessina, CEO, Walgreens Boots Alliance
Cathy Engelbert, CEO, Deloitte
Maria Ramos, CEO, Barclays Africa Group
Laurence Fink, Chairman and CEO, BlackRock
Giuseppe Recchi, Executive Chairman, Telecom Italia
Roger Ferguson, President, Director and CEO, TIAA
Judith Rodin, President, The Rockefeller Foundation
Alex Gorsky, Chairman and CEO, Johnson & Johnson
Ginni Rometty, Chairman, President and CEO, IBM
Hugh Grant, Chairman and CEO, Monsanto
Martin Sorrell, CEO, WPP
Mo Ibrahim, Chair, Mo Ibrahim Foundation
Andrew Stern, Senior Fellow, Columbia University
Joseph Jimenez, CEO, Novartis AG
John Stumpf, Chairman and CEO, Wells Fargo
Fisk Johnson, Chairman and CEO, S.C. Johnson & Son, Inc.
Darren Walker, President, Ford Foundation
Joe Kaeser, CEO, Siemens
Tom Wilson, Chairman, President and CEO, Allstate
Declan Kelly, Chairman and CEO, Teneo Holdings
8kun Midnight Riders Posts (1)
#10485 at 2020-11-13 16:09:13 (UTC+1)
QR Midnight Riders #46: Nowhere To Run To Edition
Wells Fargo Ex-CEO Settles SEC Claims, Former Community Bank Head Faces Fraud Case
Former Wells Fargo & Co. chief government John Stumpf agreed Friday to pay $2.5 million to settle civil claims over his role in the bank's fake accounts scandal, whereas regulators sued one other former Wells government over fraud allegations.
Mr. Stumpf, who stepped down from his top post in 2016, neither admitted nor denied the Securities and Change Fee's claims, which accused him of deceptive traders in regards to the success of Wells Fargo's neighborhood banking enterprise. Mr. Stumpf was earlier barred from the banking industry and paid $17.5 million to settle claims from the Workplace of the Comptroller of the Foreign money.
Individually, the SEC sued former consumer-bank head Carrie L. Tolstedt, submitting a civil fraud case in opposition to her in San Francisco federal courtroom. The regulators mentioned Ms. Tolstedt publicly described and endorsed a key measure of Wells Fargo's enterprise, the "cross-sell metric," with out disclosing that it was inflated by unused and unauthorized accounts and companies.
The SEC's lawsuit seeks a courtroom judgment ordering Ms. Tolstedt to pay fines and barring her from serving as an officer or director of a public firm. A lawyer for Mr. Stumpf declined to remark. An lawyer for Ms. Tolstedt wasn't instantly accessible for remark. "If executives discuss a key efficiency metric to advertise their enterprise, they have to achieve this totally and precisely," mentioned Stephanie Avakian, director of the SEC's enforcement division. "The fee will proceed to carry accountable not solely the senior executives who make false and deceptive statements but in addition those that certify to the accuracy of deceptive statements regardless of warnings on the contrary."
Wells Fargo agreed in February to pay $3 billion to settle civil and criminal investigations into its long-running pretend accounts scandal, closing the door on a significant portion of the authorized issues that for years have beset one of many nation's largest banks.
https://apkmetro.com/wells-fargo-ex-ceo-settles-sec-claims-former-community-bank-head-faces-fraud-case/
8chan/8kun CBTS Posts (3)
#143490 at 2017-12-22 00:45:10 (UTC+1)
CBTS #165 - FEEL PROUD Edition
>>143174
A start:
Wells Fargo CEO John Stumpf Steps Down
www.wsj. com/articles/wells-fargo-ceo-Stumpf-to-retire-1476306019
Robert Mercer to step down as co-CEO of hedge fund
www.thehill. com/homenews/news/358423-robert-mercer-to-step-down-as-co-ceo-of-hedge-fund-report
Meg Whitman stepping down as HP Enterprise CEO
www.reuters. com/article/us-hpe-results/meg-whitman-stepping-down-as-hp-enterprise-ceo-idUSKBN1DL2PO
Starbucks CEO Howard Schultz stepping down
www.usatoday. com/story/money/2016/12/01/starbucks-ceo-howard-schultz-stepping-down-become-executive-chairman/94754496/
SoFi CEO Mike Cagney Is Leaving the Startup He Co-Founded
www.inc. com/emily-canal/sofi-ceo-mike-cagney-resigns.html
#34242 at 2017-12-05 03:37:03 (UTC+1)
CBTS General #38 - We Are The Storm
Why did she initiate this? Oct 14, 2016 from NYP.
Sen. Elizabeth Warren picked a new fight on Friday, calling for the ouster of Securities and Exchange Commission Chair Mary Jo White.
In a letter sent to President Obama, Warren (D-Mass.) said she wanted to see the regulator demoted from chair to commissioner.
Presidents cannot fire SEC chairs but can demote them to a commissioner and then elevate a commissioner to chair.
Warren feels White's SEC has ignored its "core mission of investor protection" by not enacting rules that would require public companies to disclose their political spending.
Last month, Warren picked apart Wells Fargo Chief Executive John Stumpf during a Senate hearing - calling for him to resign.
Warren's letter regarding White was not exactly met with cheers at the White House.
"The president continues to believe that Chair White is the right leader for the [SEC]," White House spokesman Eric Schultz said Friday.
The timing of Warren's request was unusual, given that Obama has only three months left in his term.
Commissioners typically resign from their post during a change in administrations.
The SEC declined to comment.
#15068 at 2017-11-30 17:56:33 (UTC+1)
CBTS General #15: None of this is a game!
"I believe that the banking institutions are MORE DANGEROUS to our liberties than standing armies." ~ Thomas Jefferson
Now are these diabolical monsters print the currency of nations across the western world. The best way to understand the Rothschild System is that it is a Jewish organized crime network. Once he gained power, he created a network of Jews throughout Europe and in America brought on Shabbos Goy on as partners through the Masonic Lodges.
The Jewish Banking Mafia:
Jew - Rothschild Banks of London
Jew - Rothschild Banks of Berlin
Jew - Lazard Brothers Bank of Paris
Jew - Israel Moses Sieff Banks of Italy
Jew - Warburg Bank of Hamburg, Germany
Jew - Warburg Bank of Amsterdam
Jew - Kuhn Loeb Bank of New York
Jew - Lehman Brothers Bank of New York
Jew - Goldman Sachs (Obamas biggest corporate donor in 2008/2012) CEO Lloyd Blankfein
Jew - The Federal Reserve Chairwoman Janet Yelen (before, Ben Shalom Bernanke and Alan Greenspan) including top shareholders Goldman Sachs (Jewish), J.P. Morgan Chase (Jewish) and the Rothschilds banking cartel (Jewish)
Jew - Citigroup Chairman Stanford Weil and Co Chief Executive Robert Diamond
Jew - Wells Fargo Chairman John Stumpf
Jew - Bank of America Chief Executive Charles Noski
Jew - Barclays Chief Executive Robert Diamond
Jew - J.P. Morgan Chase Chairman and Chief Executive Jamie Diamond
Jew - Morgan Stanley President and Chief Executive James Gorman
Jew - USB AG Chief Executive Oswal Gurbel
Jew - CFTC Chariman Gary G. Gensler
Jew - SEC Chariwoman Mary Schapiro
Jew - NFA President Daniel Roth
Jew - FINRA Chairman Richard Ketchum
Jew - NYSE Euronext President Duncan Niederauer
Jew - NASDAQ OMZ Group Chief Executive Robert Greifield