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NewsCut

MPR News Reflections and observations on the news

Tag: Wells Fargo

Economy

Who’s in your wallet? Facebook?

Bill CatlinBill Catlin August 6, 2018, 12:58 PM Aug 6, 2018
15

Facebook wants your bank to cough up your data, according to a Wall Street Journal report Monday. Read more →

Politics

Big banker faces Senate grilling

Bob CollinsBob Collins October 3, 2017, 10:18 AM Oct 3, 2017
12

The CEO of Wells Fargo, Timothy Sloan, appeared before the Senate Banking Committee this morning to answer questions about the bank’s culture of ethical shortcomings.
Read more →

This or That

The coin counter’s days are numbered

Bob CollinsBob Collins February 9, 2017, 11:55 AM Feb 9, 2017
11

Wells Fargo is getting rid of the lobby coin-counter machines. Read more →

Economy

Sales pressure drove Wells Fargo banker to drink hand sanitizer

Bob CollinsBob Collins October 21, 2016, 8:00 AM Oct 21, 2016
11

Wells Fargo has taken actions to rid itself of the stench surrounding a scandal in which it pushed products on unsuspecting customers as part of its employee sales goals. But it has done nothing for the working stiffs who were also victims as scapegoats while the company execs tried to keep the scandal from claiming themselves. Read more →

Economy · Politics

Wells Fargo survives fraud scandal in congressional hearing

Bob CollinsBob Collins September 20, 2016, 11:55 AM Sep 20, 2016
16

At least in the short term, a scolding from a politician can be costly, but it takes a lot more to bring a big bank down. Read more →

Economy

Unable to get a piece of CEO’s $19M, bank worker quits

Bob CollinsBob Collins April 7, 2015, 4:00 PM Apr 7, 2015
8

Tyrel Oates, the Charlotte Wells Fargo employee who wrote to CEO John Stumpf last year asking for a $10,000 raise for him and his colleagues, isn’t waiting around for a response, apparently. Read more →

Economy

Bank worker request for raise falls on deaf ears

Bob CollinsBob Collins October 15, 2014, 8:45 AM Oct 15, 2014
10

Last year, Wells Fargo pulled in $5.7 billion in revenue, so an employee thought some of the worker bees should get a bigger share of that.
Read more →

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