scandal

Wells Fargo Pays $3B In Fake Account Scandal
Wells Fargo Pays $3B In Fake Account Scandal
February 21, 2020  |  Bank Regulation

Wells Fargo agreed to pay $3 billion as a settlement with regulators over a scandal involving the creation of fake accounts, according to a report...

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Wells Fargo CEO Reorganizes Business Units
Wells Fargo CEO Reorganizes Business Units
February 12, 2020  |  Personnel

Wells Fargo executive Charles Scharf wants to stamp out any hint of scandal by redoing the company’s reporting lines, splitting the banking giant’s three divisions...

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Credit Suisse CEO Resigns After Spying Fiasco
Credit Suisse CEO Resigns After Spying Fiasco
February 07, 2020  |  Banking

The CEO at the bank Credit Suisse has stepped down after a scandal involving corporate spying, according to a report by CNBC. CEO Tidjane Thiam...

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Wells Faces Continued Scrutiny After Scandals
Wells Faces Continued Scrutiny After Scandals
January 24, 2020  |  Bank Regulation

Wells Fargo’s woes, which began in earnest in 2016 when a scandal involving millions of fake accounts created to boost numbers came to light, are...

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Isabel dos Santos Facing Embezzlement; Implicated Banker Found Dead
Isabel dos Santos Facing Embezzlement; Implicated Banker Found Dead
January 23, 2020  |  Security & Fraud

Africa’s richest woman, Isabel dos Santos, is facing money laundering and mismanagement charges, while a banker implicated in the case — Nuno Ribeiro da Cunha,...

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OCC Prepares Civil Suit Against Former Wells Fargo Executives
OCC Prepares Civil Suit Against Former Wells Fargo Executives
January 23, 2020  |  Security & Fraud

A Wells Fargo regulator is planning to slap former company executives with civil charges associated with their position in its retail banking scandals, people familiar...

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New Cambridge Analytica Leaks Uncover Election Influence In 68 Countries
New Cambridge Analytica Leaks Uncover Election Influence In 68 Countries
January 06, 2020  |  Facebook

A newly revealed massive leak by defunct data firm Cambridge Analytica has been exposed via internal documents, showing voter manipulation in at least 68 countries,...

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Walmart’s Santa Sweater Scandal (And The Challenges Of Marketplace Operation)
Walmart’s Santa Sweater Scandal (And The Challenges Of Marketplace Operation)
December 09, 2019  |  Retail

Generally speaking, if a retailer is issuing an apology during the holiday season that features the words “Santa Claus,” “cocaine” and “pants-free” it is safe...

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FTC Issues Opinion On Cambridge Analytica Scandal
FTC Issues Opinion On Cambridge Analytica Scandal
December 06, 2019  |  Security & Fraud

The Federal Trade Commission (FTC) found on Friday (Dec. 6) that British political consulting firm Cambridge Analytica lied to people about the data it was...

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