Wells Fargo has worn its dunce cap long enough [Reuters]
Bank of America Corporation (BAC)
Last bank of america corporation earnings: 4/15 06:45 am
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Source: Reuters
NEW YORK, April 18 (Reuters Breakingviews) - The problem child of U.S. banking has been sitting on the naughty step for six long years. Wells Fargo (WFC.N) New Tab , opens new tab was prohibited from getting any bigger for a series of flagrant customer abuses. Either it has learned its lesson by now or it's time to grant a reprieve. Back in 2018, then-Federal Reserve Chair Janet Yellen imposed the punishment that, however unusual, fit the unusually heinous crime. To meet sales targets, employees had created millions of unauthorized accounts, and for years the California-based lender allowed foundational weaknesses to fester. Regulators had written letters and doled out private warnings, which a congressional report later found that Wells Fargo “repeatedly ignored.” The move was largely unprecedented. Citigroup (C.N) New Tab , opens new tab suffered something similar New Tab , opens new tab , but only for a year. Few big companies have endured anything of the sort; the close
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BAC
News
- Big Banks and Big Screens [Yahoo! Finance]Yahoo! Finance
- Wells Fargo, RBC Bankers Met Texas AG Staff Regarding ESG Probe [BNN Bloomberg (Canada)]BNN Bloomberg
- What not to do before closing on a house, experts say [CBS News]CBS News
- Enhancing Financial Literacy In The Workplace: Eight Characteristics Of Distinguished Instructors [Forbes]Forbes
- BofA Survey: Majority of Small and Mid-Sized Business Owners Anticipate Revenue Growth This Year [Yahoo! Finance]Yahoo! Finance
BAC
Earnings
- 4/16/24 - Beat
BAC
Sec Filings
- 5/1/24 - Form FWP
- 5/1/24 - Form FWP
- 4/30/24 - Form S-8
- BAC's page on the SEC website