leftwinger Posted February 22, 2020 Share Posted February 22, 2020 The $3 billion fine, which is about 15 percent of Wells Fargo’s $19.5 billion in profits last year, is among the largest corporate penalties handed down during the Trump administration but not a record. Friday’s settlement, which includes a deferred prosecution agreement, does not cover any individual employees. No senior bank employees have been criminally charged. https://www.washingtonpost.com/business/2020/02/21/wells-fargo-fake-accounts-settlement/?hpid=hp_hp-more-top-stories_wellsfargo418pm%3Ahomepage%2Fstory-ans Quote Link to comment Share on other sites More sharing options...
Zaro Posted February 22, 2020 Share Posted February 22, 2020 6 minutes ago, leftwinger said: Friday’s settlement, which includes a deferred prosecution agreement, does not cover any individual employees. No senior bank employees have been criminally charged. What are the conditions under the DPA? Quote Link to comment Share on other sites More sharing options...
leftwinger Posted February 22, 2020 Author Share Posted February 22, 2020 "The bank still faces significant regulatory hurdles. The Federal Reserve has banned Wells Fargo, which has nearly $2 trillion in assets, from growing any bigger until it fixes its systemic cultural issues, and the Office of the Comptroller of the Currency (OCC) has indicated it is unhappy with the bank’s progress in addressing its problems. Last month, the OCC went further, taking the rare step of filing cases against specific Wells Fargo employees. It banned former chief executive John Stumpf from working in banking again and fined him $17.5 million, and filed civil cases against five other employees, including Carrie Tolstedt, the former head of community banking. It is seeking a $25 million fine from Tolstedt." Quote Link to comment Share on other sites More sharing options...
king of the county Posted February 22, 2020 Share Posted February 22, 2020 Dammit there goes my stock value Quote Link to comment Share on other sites More sharing options...
leftwinger Posted February 22, 2020 Author Share Posted February 22, 2020 1 minute ago, king of the county said: Dammit there goes my stock value Why would you invest in Wells Fargo?! Quote Link to comment Share on other sites More sharing options...
king of the county Posted February 22, 2020 Share Posted February 22, 2020 27 minutes ago, leftwinger said: Why would you invest in Wells Fargo?! They bought out my bank chaching Quote Link to comment Share on other sites More sharing options...
leftwinger Posted February 22, 2020 Author Share Posted February 22, 2020 1 minute ago, king of the county said: They bought our my bank chaching huh? Quote Link to comment Share on other sites More sharing options...
king of the county Posted February 22, 2020 Share Posted February 22, 2020 17 minutes ago, leftwinger said: huh? They bought my bank cha Ching same with Bank of America Quote Link to comment Share on other sites More sharing options...
leftwinger Posted February 22, 2020 Author Share Posted February 22, 2020 Just now, king of the county said: The bought my bank cha Ching same with Bank of America you're too incoherent to bother with Quote Link to comment Share on other sites More sharing options...
king of the county Posted February 22, 2020 Share Posted February 22, 2020 Just now, leftwinger said: you're too incoherent to bother with Huh Quote Link to comment Share on other sites More sharing options...
Hankk Posted February 22, 2020 Share Posted February 22, 2020 So no one is going to jail and they will pay the fine with other peoples money? sounds like Justice? Quote Link to comment Share on other sites More sharing options...
leftwinger Posted February 22, 2020 Author Share Posted February 22, 2020 Just now, Hankk said: So no one is going to jail and they will pay the fine with other peoples money? sounds like Justice? No. Sounds like they made a judgment about how much stealing money would cost them. Quote Link to comment Share on other sites More sharing options...
Hankk Posted February 22, 2020 Share Posted February 22, 2020 1 minute ago, leftwinger said: No. Sounds like they made a judgment about how much stealing money would cost them. They Stole money and no one is going to jail. Quote Link to comment Share on other sites More sharing options...
leftwinger Posted February 22, 2020 Author Share Posted February 22, 2020 10 minutes ago, Hankk said: They Stole money and no one is going to jail. The top 10 executives should be criminally prosecuted. Quote Link to comment Share on other sites More sharing options...
Zaro Posted February 22, 2020 Share Posted February 22, 2020 16 minutes ago, Hankk said: They Stole money and no one is going to jail. Well, at least libtards don't have to get into a huff over a presidential pardon. Does that count for something? Quote Link to comment Share on other sites More sharing options...
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