WhatsApp retrasa cambios en políticas de privacidad tras huida de usuarios
¿Debo preocuparme por las nuevas políticas de WhatsApp?
Nuevos términos y condiciones de WhatsApp: Facebook aclaró qué información no compartirá
Desarrolladores de Cyberpunk 2077 furiosos con la empresa — Reporte
Estos son los mejores lugares para verlo en Mendoza — Eclipse solar
Wells Fargo CEO to Issue Apology
04 Octubre 2017, 11:29 | Verda Sainz
Wells Fargo CEO to Issue Apology
Appearing before a Senate committee this morning, Wells Fargo (WFC -0.9%) CEO Tim Sloan is sitting there and taking it, and showing the expected remorse for his bank's actions regarding the account opening scandal.
The exchanges between Sloan and lawmakers were similar to the beating Wells Fargo took on Capitol Hill previous year when its former chief executiveJohn Stumpf was pummeled by lawmakers for hours as he attempted to explain why the mega bank had created millions of fake accounts that customers didn't want or need.
Wells Fargo & Company is a bank holding company.
To view the full article, register now.
"Wells Fargo is not going to change with you in charge", saidWarren, a prominent critic of Wall Street and a possible 2020 presidential candidate. Finally, Royal Bank Of Canada restated a "buy" rating and set a $60.00 price objective on shares of Wells Fargo & in a report on Friday, July 28th.
Sloan defended himself in front of the committee, saying he thinks Wells Fargo has taken significant steps to improve its reputation and that the actions he has taken has resulted in "fundamental change" at the company. "Either way, you should be fired".
Investigators and the bank have revealed that some 3.5 million accounts were affected by conduct in which employees enrolled customers into accounts without their knowledge. Former CEO John Stumpf resigned amid the fallout of the scandal a year ago, after testifying before the committee.
After a few minutes of back and forth, Sloan was somehow incapable of producing a soundbite decrying Wells Fargo's notoriously aggressive sales culture, leaving an argumentative hole wide enough for Warren to drive a truck of populist rage through...
The Wells Fargo account fraud scandal is an ongoing controversy surrounding the creation of millions of fraudulent accounts on behalf of Wells Fargo clients without their consent.
In the months since that revelation, it has emerged that the scandal goes far deeper-with bill payment services, vehicle insurance, and mortgage adjustment foisted upon more than a million customers without their consent. During the same period past year, the company posted $1.01 earnings per share. Despite the departures of Stumpf and Tolstedt, much of the bank's senior leadership has stayed in place.
Sloan said on Tuesday he was "confident" no more than 3.5 million unauthorized accounts were opened. "You went on television to blame thousands of $12-an-hour employees who were just trying to meet cross-selling quotas that made you rich". It's not the product selection. "If you haven't changed the people, it's quite hard to change to culture".
Traders sold shares of Wells Fargo & Company (NYSE:WFC) on strength during trading on Tuesday.
"I have made mistakes".
"I apologize for the damage done to all the people who work and bank at this important American institution", Sloan said. "I couldn't disagree more with nearly everything Senator Warren said". A company-wide review of Wells' sales practices also revealed that the bank force-placed auto insurance for certain auto loan customers that were already covered by a vehicle insurance policy.
"WARREN: Well, here are the transcripts from all of the investors" earnings calls that you participated in from 2011 to 2014.
As for whether that criticism still applied to Sloan, he was less sure. Lawmakers also asked whether Wells Fargo "discovered other types of misconduct", such as insurance products. Heidi Heitkamp (D-N.D.) berated Sloan for claiming to be unaware of ongoing litigation over the scandal, and recent NPR reporting on Wells' wrongful vehicle repossessions. "This is problematic for us, because we need to see that there is a culture change, that there is a reaction to these kind of consumer failures".
Dodgers, Indians Are Betting Favorites In MLB Playoffs
They are remembered for being swept by the New York Giants in a time when The World Series was the only postseason baseball knew. Boston won the AL East for the second-consecutive season, but look to avoid being bounced out in their first series again.
Barcelona president admits club could quit La Liga
We argue that re is a political solution in respect of citizens. "Together we are unstoppable in defending democracy". In a statement Monday, Bartomeu said Barcelona would "support the call for strike action tomorrow".
Here's another look at Google Pixel 2 XL and Google Home Mini
The product is still believed to be in the development stage and it could be some time before it's made available to the public. Google is going to unveil its next line-up of Pixel smartphones in a few hours from now at the Pixel event in San Francisco.
Las Vegas Shooter's Father Was On FBI Most Wanted List
ISIS did claim responsibility for the attack, but officials have found no connections between the terrorist group and Paddock. Eric Paddock told CBS News that he knew Paddock had handguns but that as far as he knew, Paddock did not own "machine guns".
Hamilton storms to pole at Malaysian GP
Now the teams head to Japan with Wolff conceding all is not well at Mercedes despite leading the way in 2017. Hamilton predicted he would have finished third, had Raikkonen started.
Kate Winslet takes on a new avatar for Cameron
Kate Winslet will next be seen in The Mountain Between Us , which opens in the United Kingdom and the US this coming weekend. Deadline reports that Cameron offered Winslet the role of Ronal, a new character whose exact nature remains unspecified.