https://www.theverge.com/2023/8/8/23824521/wells-fargo-bnp-imessage-signal-whatsapp-messages-sec-fine
7 replies (most recent on top)
This went back to 2019, CS became CEO in October 2019, almost 4 years later, WF is still paying fines…
CS was hired to comply with regulations so the asset cap can be lifted… CS has done squat but offshored jobs, hired his cronies, sneakily cut comps, fxxxed up the techs, wasted $35 billions in buybacks, blamed everything on legacy problems…
CS & Co. is waiting for a golden parachute upon exit. He doesn’t care, he is in this for himself. Mark my word..he will be leaving the bank with a nice package , on top of the $80million that he got from this bank. Unbelievable!
@1hvv EXACTLY!!! Just like the CFPB! Fine us and they keep the money. With the fake accounts, 100% should have gone back to customers.
Anyone notice that out of all the banks fined, WF is the only recognizable? We’re talking banks from Paris and Montreal. There’s no state credit union or one of our main competitors. Why is it always us?!? Who the F uses WhatsApp for work?!? UGH!!
We all have annual training about records and retention. OMG
wonder how many jobs that equals, that could pay 1250 employees 100K each for a year they let go. The case is bs too, the gov't can dream up anything they want. All that money will go to growing their huge department of whatever and funding those super pensions they get.
Unbelievable
F this place!!!!!
To WF, it's like putting nickels in the swear jar (for swearing).
Even the Fed's asset cap means nothing to WF now. It's learned to live with the pain and embarrassment.