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Fingerprints and finances: next Wells Fargo CEO will be under regulatory microscope

2 days ago DieselGasoil Comments Off on Fingerprints and finances: next Wells Fargo CEO will be under regulatory microscope
WASHINGTON (Reuters) – From submitting their fingerprints to giving up their tax records, Wells Fargo & Co’s next chief executive will go through a vetting process that could rival that of top U.S. government officials. A Wells Fargo logo is seen in New York City, U.S. January 10, 2017. REUTERS/Stephanie Keith     Comptroller of the Read More

U.S. bank regulator will vet next Wells Fargo CEO

1 week ago DieselGasoil Comments Off on U.S. bank regulator will vet next Wells Fargo CEO
WASHINGTON (Reuters) – A top U.S. bank regulator said on Wednesday it will vet Wells Fargo & Co’s pick for its next chief executive, a development that could complicate the scandal-hit lender’s efforts to find a permanent replacement for CEO Tim Sloan. A Wells Fargo logo is seen in New York City, U.S. January 10, Read More

Wells Fargo CEO search hobbled by pay limitations: sources

2 weeks ago DieselGasoil Comments Off on Wells Fargo CEO search hobbled by pay limitations: sources
NEW YORK (Reuters) – Wells Fargo & Co’s (WFC.N) hunt for a new CEO is being impeded by limits on how much the bank can pay its next leader, a person close to the search and several industry insiders told Reuters. FILE PHOTO: A Wells Fargo logo is seen in New York City, U.S. January Read More

Wells Fargo creates new unit focused on regulatory compliance

2 weeks ago DieselGasoil Comments Off on Wells Fargo creates new unit focused on regulatory compliance
FILE PHOTO: A Wells Fargo logo is seen in New York City, U.S. January 10, 2017. REUTERS/Stephanie Keith/File Photo (Reuters) – Wells Fargo & Co is creating a new unit tasked with satisfying U.S. regulatory requirements, according to an internal memo seen by Reuters. Derek Flowers, who has been with the San Francisco-based bank for Read More

Two Exxon shareholders to withhold support for directors over climate change response

3 weeks ago DieselGasoil Comments Off on Two Exxon shareholders to withhold support for directors over climate change response
An Exxon gas station is seen in Houston, Texas, U.S., April 30, 2019. REUTERS/Loren Elliott (Reuters) – Two Exxon Mobil Corp shareholders said on Friday they would withhold their support for the re-election of all ExxonMobil directors at the company’s annual meeting due to the U.S. oil major’s “inadequate response” to climate change. The Church Read More

U.S. consumer watchdog says ‘all options on table’ for enforcing Wells Fargo order

1 month ago DieselGasoil Comments Off on U.S. consumer watchdog says ‘all options on table’ for enforcing Wells Fargo order
WASHINGTON/NEW YORK (Reuters) – The U.S. Consumer Financial Protection Bureau (CFPB) has told Congress that “all options are on the table” for enforcing a 2018 consent order against Wells Fargo, raising the prospect of potential future penalties or other sanctions against the bank. FILE PHOTO: A Wells Fargo ATM machine is shown in Los Angeles, Read More

How Wells Fargo’s regulators and employees drove out its CEO

1 month ago DieselGasoil Comments Off on How Wells Fargo’s regulators and employees drove out its CEO
NEW YORK/WASHINGTON (Reuters) – The day after former Wells Fargo & Co Chief Executive Tim Sloan told U.S. lawmakers he was transforming the bank’s high-pressure culture, Federal Reserve officials met privately with bank employees. FILE PHOTO: Wells Fargo CEO Tim Sloan testifies before a House Financial Services Committee hearing titled: “Holding Megabanks Accountable: An Examination Read More

U.S. regulator rules out Exxon shareholder vote on climate resolution

2 months ago DieselGasoil Comments Off on U.S. regulator rules out Exxon shareholder vote on climate resolution
A logo of the Exxon Mobil Corp is seen at the Rio Oil and Gas Expo and Conference in Rio de Janeiro, Brazil September 24, 2018. REUTERS/Sergio Moraes (Reuters) – Exxon Mobil Corp is not required to let its shareholders vote on setting greenhouse gas targets, the U.S. Securities and Exchange Commission said on Tuesday, Read More

Venezuela bars Guaido from holding public office for 15 years

2 months ago DieselGasoil Comments Off on Venezuela bars Guaido from holding public office for 15 years
The ongoing crisis in Venezuela has taken a new twist, as Nicolas Maduro’s government barred the US-backed parliament leader Juan Guaido from holding public office for 15 years over irregularities in financial records. The move was announced by state comptroller Elvis Amoroso on Thursday. The 15-year-ban – the longest possible – comes as a result Read More