Observations
Feb 28, 2023In a recent regulatory filing, Wells Fargo warned that it was under investigation for employee misuse of messaging apps.
Observations
Jul 25, 2022by Stephen Scott, Mark Cooke, Gary Cohn
Thoughts
Jul 07, 2020Banks have enjoyed something of an unlooked-for reprieve during the COVID-19 crisis. Over the last decade, the industry was subject to increased regulatory scrutiny and public scorn triggered by misconduct scandals. During the coronavirus shutdown, however, banks have been critical partners to policymakers struggling to prevent a full-blown depression. Amidst such efforts, regulatory supervision has been partly suspended, to allow the industry to focus on the provision of economic relief.
