Community Banks News
Wells Fargo publishes sales scandal findings; seizing $75 million in compensation from two former executives
Wells Fargo 's board of directors today released a report on the company’s sales scandal that has rocked the bank since September, saying it will seize more than $75 million worth of compensation from two executives at the heart of the dispute. The 113-page report was highly critical of former CEO
'I'm taking the Democratic party back'
Cenk Uygur, Founder and CEO of 'The Young Turks' joins Amna to talk about his 'hostile takeover' of the Democratic Party, using the same populism he says propelled Donald Trump and Bernie Sanders to power.
Alexander Acosta: Everything you need to know about Trump’s labor secretary nominee
U.S. Century Bank chairman Alexander Acosta, President Trump's nominee for labor secretary, will face the Senate committee on Health, Education, Labor and Pensions for his confirmation hearing today. President Donald Trump tapped Acosta to be his pick for labor secretary back in February. Acosta
Trump nominates Alexander Acosta as labor secretary
President Donald Trump has nominated Alexander Acosta as his labor secretary. "He has had a tremendous career," Trump said of Acosta. "He's a member and has been a member of the National Labor Relations Board and has been through Senate confirmation three times." Acosta is the first Hispanic to be
Donald Trump Administration Moves to Put Pressure on Iran
New sanctions have been imposed for "provocative behavior" after Iran recently launched a ballistic missile test.
Steven Mnuchin Defends His Role at IndyMac
Steven Mnuchin, President-elect Donald Trump's choice for treasury secretary, began his Senate confirmation hearing by defending his role in the thousands of foreclosures by the Independent National Mortgage Corp., also called IndyMac.
Timeline of the Wells Fargo Accounts Scandal
Wells Fargo is embroiled in a scandal over assertions that bank employees opened accounts without customers’ authorization. Here's a timeline of key events since the allegations came to light: Sept. 8, 2016 The alleged misconduct was revealed when the Consumer Financial Protection Bureau (CFPB),
Wells Fargo CEO Forgoes $41M Compensation Amid Accounts Scandal
Two days before Wells Fargo CEO John Stumpf was set to testify at a House hearing over an accounts scandal that has gripped the company, the bank's independent directors have announced that he will forgo $41 million worth of promised compensation as well as his usual salary as it launches an
Wells Fargo CEO John Stumpf Told to Resign by Sen. Warren
Amid tense questioning on Capitol Hill this morning, Sen. Elizabeth Warren , D-Mass., told Wells Fargo CEO John Stumpf that he should resign and face criminal charges amid a scandal over allegations that bank employees opened accounts without customers’ authorization. Warren was far from the only
What to Expect When Wells Fargo CEO John Stumpf Faces Senate Grilling
Wells Fargo CEO John Stumpf is expected to appear before the Senate Banking Committee today to face questions over allegations that employees of his bank opened or applied for more than 2 million bank accounts or credit cards without customers' knowledge or permission. It is expected to be the