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Wells Fargo scam: Sen. Warren enters

Chalanachithram.com DB » New TF Industry Related » Archive through September 14, 2016 » Wells Fargo scam: Sen. Warren enters « Previous Next »
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Saarang
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Username: Saarang

Post Number: 13653
Registered: 06-2012
Posted From: 206.29.176.74

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Posted on Monday, September 12, 2016 - 04:02 pm:       


Twitter:

185 m is att for that bank ..citi aithe every qtr edhokati kattudhi ilanti fines ..erry erry common for any financial co of that size




I think this will grow bigger...185 million is not even a slap on wrist for a comapny with 250 Billion market cap.
 

Twitter
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Username: Twitter

Post Number: 47140
Registered: 10-2009
Posted From: 66.194.212.162

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Posted on Monday, September 12, 2016 - 04:00 pm:       


Saarang:




185 m is att for that bank ..citi aithe every qtr edhokati kattudhi ilanti fines ..erry erry common for any financial co of that size
 

Saarang
Hero
Username: Saarang

Post Number: 13651
Registered: 06-2012
Posted From: 206.29.176.74

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Posted on Monday, September 12, 2016 - 04:00 pm:       

http://gizmodo.com/wells-fargo-executive-linked-to-scam-gets -124-6-millio-1786534513

Wells Fargo executive Carrie Tolstedt will receive a $124.6 million payday when she retires at the end of this year, despite overseeing the department accused of scamming millions of customers and incurring hundreds of millions in fines.

Kaneesam fire cheyyakunda ee golden parchutes ento...bokkalo esi kummali edavalni.
 

Saarang
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Username: Saarang

Post Number: 13650
Registered: 06-2012
Posted From: 206.29.176.74

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Posted on Monday, September 12, 2016 - 03:57 pm:       

http://money.cnn.com/2016/09/12/investing/wells-fargo-hearin g-senate-ceo-testify-elizabeth-warren/index.html

Wells Fargo CEO John Stumpf is being called on by Senator Elizabeth Warren and her Senate colleagues to testify on his bank's stunning fake account scandal.

Warren joined four other Senate Democrats on Monday in demanding the U.S. Senate banking committee hold "immediate" hearings to "fully investigate the matter."

"You don't get over 5,000 employees all doing the same thing, all ripping off customers, without some type of coordination or incentive that led them to take such actions," he said.

Menendez, a New Jersey U.S. Senator, said it would be "wildly insane" not to hold a Wells Fargo hearing given the scale of the problem.

"It's a large scale, coordinated scheme to rip off customers," Menendez said.

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