https://www.bankingdive.com/news/warren-wells-fargo-asset-cap-fed-powell-barr-letter/733625/
15 replies (most recent on top)
I understand that we shouldn't always be saying that all companies do the same, but it's a problem when you treat companies differently. Hard to argue if they were consistent. The new AML item that came out will be targeting all banks.
"Sen. Elizabeth Warren calls for members of Congress to sell all individual stocks" https://www.usatoday.com/story/money/2022/02/17/elizabeth-warren-congress-trading-stock/6820868001/
https://www.politico.com/live-updates/2024/07/10/congress/action-on-congressional-stock-trading-00167279
Weird, I'm starting to think the conservatroll might not be informed!
Mean while congress enriches themselves with insider information on the very legislation they enact.
Where’s the outrage here Liz ?
Warren can eat a bag of di-ks
lol that certainly wound the conservatroll up
this pretty much means the cap is getting lifted
Only lift the cap when Schart is fired.
Warren hates what she doesn’t understand and she has to cling to her “banking is evil” mantra to support her brand. Nobody should listen to this woman anymore. She has zero perspective on things in the financial industry.
Can we go back to ripping of customers so the stock price will go up?
She is right. Nothing has changed in the bank. The risk and control nonsense is a sham and already in the process of being wound up. If the regulator really looked behind the smoke and mirrors they will find fundamental gaps in corporate risk for all risk types. Risk associated with bad behaviour is not even in the framework. Charlie is counting his chickens too soon.
Yes, she is despicable, but her and Scharf are cut from the same cloth; they deserve each other.
Warren is a radical and her own worst enemy. Massachusetts might be blue but the working class people of New England are solid red. But, WF is certainly not ready for the cap to be lifted. And yes, the fake interviews need to end. Anyone involved in that process should suffer 10 fold for their behaviors.
The only thing wrong with this article is the claim only minorities were directly impacted by the sham hiring process. For whatever reason the banks has to post all jobs externally even when they have an internal candidate identified. So, a group of minorities caught onto the sham and incorrectly assumed this practice was directed at them when in fact it impacts all people, regardless of color, both internal and external. It is high time for this place to fix their nonsensical hiring practices. And if the problem is regulatory mandated then Warren is the fool because her DEI push backfired when the bank was forced to externally lost positions they already had a solid internal candidate identified.
She's a liar and grand wizard level cultural appropriator, but she's also not wrong when she says that WF leaders lie to meet goals. They lie to employees constantly. Location strat is a lie. "We work hard to find impacted employees other roles in the company" is a lie. The ratings system is full of lies. Their justification for RTO is a lie. There's many others. It's cultural at the exec level. The only difference between Shart and former CEOs is that the former does most of his damage to his own employees, rather than customers.
She’s so pathetic. Anything to stay relevant.