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Pete Schroeder

PwC to pay $335 million over failed audits of Alabama's Colonial Bank: U.S. regulator

16 Mar 2019

WASHINGTON A top U.S. banking regulator said on Friday that PricewaterhouseCoopers will pay $335 million to settle claims of "professional negligence," after saying the auditor should have identified problems leading to the 2009 collapse of Alabama-based Colonial Bank.

Wells Fargo CEO gets 5 percent pay raise

14 Mar 2019

Wells Fargo & Co gave Chief Executive Tim Sloan a 5 percent pay raise for 2018, the bank said on Wednesday.

Wells Fargo CEO's pay raise draws rare Fed response

13 Mar 2019

Wells Fargo & Co gave Chief Executive Tim Sloan a 5 percent pay raise for 2018, prompting the Federal Reserve to release a statement saying that it does not sign off on executive pay.

Wells Fargo CEO avoids major stumble at heated congressional hearing

12 Mar 2019

WASHINGTON Democratic and Republican lawmakers on Tuesday pressed Wells Fargo & Co Chief Executive Tim Sloan for proof the bank has put a string of consumer abuse scandals behind it at a tense congressional hearing that saw Sloan firmly on the defensive.

CEO Sloan pitches Wells Fargo turnaround to bank critics in Congress

12 Mar 2019

WASHINGTON, March 12 Wells Fargo & Co Chief Executive Tim Sloan, who has been campaigning to prove his bank has moved past its scandals, appeared in Congress on Tuesday before newly empowered Democratic lawmakers who are taking aim at Wall Street.

CEO Sloan pitches Wells Fargo turnaround to bank critics in Congress

12 Mar 2019

WASHINGTON, March 12 Wells Fargo & Co Chief Executive Tim Sloan's campaign to prove his bank has moved past its scandals will collide on Tuesday with newly empowered Democratic lawmakers who are taking aim at Wall Street.

SEC in settlement with investment advisers on mutual fund sales

11 Mar 2019

WASHINGTON The U.S. Securities and Exchange Commission announced on Monday it had reached a settlement with 79 investment advisers on charges of the improper sale of mutual fund shares, returning more than $125 million to clients.

Federal Reserve scraps 'qualitative' test for U.S. banks in 2019 stress tests

07 Mar 2019

WASHINGTON The U.S. Federal Reserve said on Wednesday it would no longer flunk banks based on operational or risk management lapses during its annual health check of the country's domestic banks.

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