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Wells Fargo Faces Years of Regulatory Work

by Starling Insights

Observations

Sep 30, 2022

Wells Fargo CEO Charlie Scharf has said the bank was laser-focused on resolving regulatory issues that have emerged after a rash of culture and misconduct related crises. However, Scharf warned that “it will take several years of work” to satisfy US regulators.

The 2022 Compendium is available now!

Now in its 5th year, Starling's Compendium features over 60 contributors from across the industry as well as detailed analysis of the latest trends in culture & conduct risk supervision.

Wells Fargo must face shareholder fraud claims over its recovery from scandals

by Starling Insights

Observations

Oct 07, 2021

It used to be that regulatory fines were an unpleasant but ‘known’ cost of doing business.  Just this past September, for instance, Wells Fargo was ordered by the US OCC to burn another $250 million worth of shareholder capital due to inadequate management of customer remuneration and risk governance improvements, stemming from problems in past years.