Analysts dug beyond into the numbers and found that the quarter wasn't so bad after all. At a time when Wall Street was bracing for what might lie ahead for Wells Fargo, the end results showed that there could be some reason for optimism. "The quarter was noisy but we believe investors...
“It’s possible to believe that Wells Fargo’s Stumpf was unaware of the actual fraud, but he was most likely aware of the fear and intimidation he created,” said Ragatz. “He turned a blind eye to what the others were doing.” Don’t be backed into a corner.“Volkswagen doubled d...
The value of a company’s ethical reputation has become a focal point for management researchers. We seek to join this conversation and extend the research centered on a firm’s ethical reputation. We accomplish this by shifting our focus away from its impact on external stakeholders to its imp...
corporations are taking riskier moves and tiptoeing further into an unscrupulous territory. The latest bad actor to be highlighted in this regard is Wells Fargo, where relentless sales pressure pushed thousands of employees to create millions of fake accounts. The scandal metastasize...
What are the two methods that governments typically use to avoid bank panics? What happened in the aftermath of LIBOR scandal? What would you be able to do with an uncashed check (under six months old) if a major bank run occurred over...
Making Buffett’s massive dump of JPMorgan Chase even more embarrassing was the headline in Barron’s on January 3 of this year which blared:Why Warren Buffett Loves JPMorgan Chase Stock. Equally untimely, a well-known Wall Street bank analyst, Mike Mayo of Wells Far...