That’ll slow down our stock gains on a good earnings report.
https://nypost.com/2023/04/13/wells-fargo-faces-us-regulatory-heat-after-svb-meltdown-source/amp/
8 replies (most recent on top)
Regulators should start interviewing laid off employees. They are a rich source of information regarding the many wrongdoings occurring at Wells Fargo.
What I don't get is with the potential for new ones and the mess we already have, how are we selling to the regs all the offshoring? We can't even seem to manage with onshore resources.
@hmy absolutely! I’d love it if the bank could avoid both!
@zul+1m8RXUt3 maybe it would be better if we were able to avoid both consent orders and MRAs?
https://seekingalpha.com/news/3956426-wells-fargo-reportedly-scheduled-to-meet-occ-staff-at-end-week
Thanks again to the WF risk team!
Sometimes you have to pick your poison. Rather have the MRA than a Consent Order.
Weak repost.