12 Feb

Wells Fargo Gets What It Deserves—And Simply over time. “We cannot tolerate pervasive and persistent misconduct at any bank,” said Yellen.

Janet Yellen lowered the growth from the bank—but that is crooked finance’s regulators are Trump appointees.

On Friday, Janet Yellen’s final day as seat for the Federal Reserve, the central bank imposed harsh penalties on Wells Fargo—the country’s fourth-largest bank and its own leading house lender—as punishment because of its long-term abuse of customers and employees. Far more when compared to a slap regarding the wrist, the Fed announced from a corporate icon to a public disgrace that it would replace four members of Wells Fargo’s 16-member board, which it accused of failing to oversee the bank and fix problems that have transformed it. Read More