Thread regarding Wells Fargo & Co. layoffs

At least TD Bank is accountable and admits guilt in their criminal activities. Wells never admits any wrong-doing.

“TD Bank pleaded guilty to conspiracy to commit money laundering, the largest bank in U.S. history to do so.”

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Charlie won’t admit guilt even if it’s caught on camera and there is a trail of irrefutable evidence.

“In a statement, Wells Fargo said it disagreed with the allegations but was ‘pleased to have resolved’ the matter.”

“Wells Fargo Offers Regrets, but Doesn’t Admit Misconduct”

“Wells Fargo does not admit to nor deny charges.”

“The bank says the allegations ‘do not reflect how we operate in the communities we serve’ and says it will ‘vigorously defend’ its lending record.”

“Wells Fargo got slammed with a $3.7-billion penalty. So why doesn’t it sound sorry?”

Here’s my favorite:
“Wells Fargo denies any and all allegations of wrongdoing and does not admit or concede any actual or potential fault, wrongdoing, or liability in connection with any facts or claims that have been or could have been alleged in the lawsuit or in any similar action.” 🤔

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Post ID: @OP+1uWrYkYg

8 replies (most recent on top)

Agreed

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Post ID: @1pqd+1uWrYkYg

_Agreed_

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Post ID: @1phi+1uWrYkYg

All triage BSA/AML work is being completed in India. Can’t wait for the look backs.

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Post ID: @zhn+1uWrYkYg

Just wait. What do you think those recent AML consent orders were about? Reportedly 5-6 banks under investigation per a news report a couple months ago. Wells was mentioned as one of them.

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Post ID: @kxl+1uWrYkYg

@rbk+1uWrYkYg

You might need to revisit a Reading Comprehension course, which typically is taught in 4th grade.

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Post ID: @nxf+1uWrYkYg

Ha...another bank is fined and somehow that's a negative on WF. Can't make this up.

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Post ID: @rbk+1uWrYkYg

@tta+1uWrYkYg

All are actual quotes from a multitude of WF settlements in recent years, except for
“Wells Fargo got slammed with a $3.7-billion penalty. So why doesn’t it sound sorry?” which was a headline.

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Post ID: @ehj+1uWrYkYg

Are you quoting from the actual WF consent order related to… sales practice? Something else?

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Post ID: @tta+1uWrYkYg

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