Yellen Likely To Face Questions About Wells Fargo

By MARTIN CRUTSINGER, AP Economics Writer, Seattle Post-Intelligencer: Business
Wed, 09/28/2016 - 12:43am

Yellen is likely to face sharp questions from a House committee Wednesday over whether federal banking regulators fell down on the job by not detecting practices at Wells Fargo that allegedly had the nation's second largest bank opening millions of accounts without customers' permission. A group of Democratic senators asked the department to see whether tellers, branch managers and customer service reps were harassed and threatened with termination unless they met sales goals for pushing bank products such as new credit cards. In testimony last week before the Senate Banking Committee, Wells Fargo CEO John Stumpf apologized for the misconduct and promised assistance to affected customers.

NEXT
BING NEWS:
  • Weekly Commentary: Instability
    Gold and silver have recently made powerful upside moves. Commodities generally show signs of life. Having taken a backseat during the financial asset melt-up, hard assets are beginning to show their ...
    05/3/2024 - 10:00 pm | View Link
  • Wells Fargo, JPMorgan Chase face inquiries into Zelle disputes
    JPMorgan Chase & Co. and Wells Fargo & Co. — have disclosed in their 2023 annual financial reports this week that federal government ...
    05/3/2024 - 3:01 am | View Link
  • Q1 2024 Frontdoor Inc Earnings Call
    Matt Davis; Vice President of Investor Relations and Treasurer; Frontdoor Inc William Cobb; Chairman of the Board, Chief Executive Officer; Frontdoor Inc Jessica Ross; Chief Financial Officer, Senior ...
    05/2/2024 - 4:33 pm | View Link
  • Colgate-Palmolive Company (NYSE:CL) Q1 2024 Earnings Call Transcript
    Q1 2024 Earnings Call Transcript April 26, 2024 Colgate-Palmolive Company beats earnings expectations. Reported EPS is $0.86, expectations were $0.82. Colgate-Palmolive Company isn’t one of the 30 ...
    05/1/2024 - 5:09 am | View Link
  • Q1 2024 Colgate-Palmolive Co Earnings Call
    Good morning, and welcome to today's Colgate-Palmolive's First Quarter 2024 Earnings Conference Call. This call is being recorded and is being simulcast live at www.colgatepalmolive.com. Now for ...
    04/26/2024 - 3:39 pm | View Link
  • More

 

NEXT
Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

Movies With Butter More Movie News

More Business News