Wells Fargo finds yet another 1.4 million fake accounts

570,000 of their customers were billed for car insurance they didn’t need, driving many people to default on loans and find out their cars repossessed.

Pressurized, the financial institution announced this month it would change its board of company directors. Stephen W. Sanger, former leader of General Mills, is going to be substituted with Elizabeth “Betsy” Duke as board chair beginning in 2018. Two other lengthy-serving people from the board, Cynthia Milligan and Susan Swenson, also announced they’d retire.

However that fails to deliver of the items Sen. Elizabeth Warren (D-Mass.) along with other critics have known as for: that the entire board be fired. Jim Cramer, the most popular CNBC personality, stated on Twitter that “no board member should stay.”

On the business call with reporters, Sloan defended their board, noting it had conducted its very own analysis and pointing to new people who’ll join its ranks soon. “I appreciate that there are a variety of folks that still question … what our board has been doing,Inches he stated. “My personal perspective would be that the board has taken significant action.”

On Wells Fargo:

Wells Fargo fires 4 executives as analysis continues into sham accounts

Wells Fargo Chief executive officer steps lower in wake of sham accounts scandal

Philadelphia sues Wells Fargo for allegedly discriminating against minority borrowers

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