Online lending may be dominated by startup companies based outside of New York, but the New York State Department of Financial Services (NYDFS) wants New York banks to get into the business as well. Get the Full Story Complete the form to unlock this article and...
Traditional financial services companies have something new to worry about: FinTech is increasingly encroaching on their turf and winning the hearts and minds of consumers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Tim Sloan’s debut as Wells Fargo’s new CEO left The Street nonplussed. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By...
The Goldman Sachs Group announced on Thursday (Oct. 13) Marcus by Goldman Sachs, an online platform offering unsecured personal loans to consumers. Named after Marcus Goldman, one of the firm’s founders, Marcus by Goldman Sachs is a new business that Goldman Sachs said benefits from the...
Wells Fargo’s incoming chief executive, Timothy Sloan, who is replacing CEO John Stumpf who resigned on Wednesday (Oct. 12), will have a lot of work to do, not only because the embattled financial services company is slated to report third quarter results on Friday (Oct. 14) but...
Nearly five years ago, former Wells Fargo general manager Claudia Ponce de Leon filed a whistleblower account with the federal labor regulators to report that she lost her job after she told management that other employees were opening unauthorized accounts. Get the Full Story Complete...
John Stumpf, the embattled chairman and chief executive of scandal-plagued Wells Fargo, is relinquishing his position amid a fake account scandal. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Wells Fargo executives laid out plans to move beyond the fake accounts scandal during a conference call with roughly 500 senior executives in which the bank said growth in the retail banking business will likely be down. Get the Full Story Complete the form to unlock...
A group of senators has sent a letter to the Justice Department, urging it to investigate and, if necessary, prosecute the individuals behind the fake account scandal at Wells Fargo. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
