Wells Fargo
13-10-2016, 12:12 PM
Bopian really change CEO
 Wells Fargo CEO Stumpf Quits in Fallout From Fake Accounts John Stumpf, who led Wells Fargo & Co. through the financial crisis and built it into the world’s most valuable bank, stepped down as chief executive officer and chairman, bowing to public outcry over legions of accounts opened by his employees for customers who didn’t request them.
Virtual currencies are worth virtually nothing.
http://thebluefund.blogspot.com
13-10-2016, 12:12 PM
Bopian really change CEO
Wells Fargo CEO Stumpf Quits in Fallout From Fake Accounts John Stumpf, who led Wells Fargo & Co. through the financial crisis and built it into the world’s most valuable bank, stepped down as chief executive officer and chairman, bowing to public outcry over legions of accounts opened by his employees for customers who didn’t request them.
Virtual currencies are worth virtually nothing.
http://thebluefund.blogspot.com 
13-10-2016, 05:11 PM
waos.... is america leading the charge for ethical leadership in banking sector after the 2009 GFC?!!
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same! 3) CASH in hand is KING in BEAR! 4) In BULL, SELL-SELL-SELL!
13-10-2016, 05:11 PM
waos.... is america leading the charge for ethical leadership in banking sector after the 2009 GFC?!!
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same! 3) CASH in hand is KING in BEAR! 4) In BULL, SELL-SELL-SELL! 
Wall Street isn’t sure what to think. Wells Fargo’s stock has regained the $30 billion it lost, which is as much a sign of optimism about deregulation in the new administration as anything. But “we gave them too much credit for being Superman in the banking industry,” says one major investor. “Now the cape has come off, and Wall Street is realizing they are just like everyone else and no better than anyone else.”
HOW WELLS FARGO’S CUTTHROAT CORPORATE CULTURE ALLEGEDLY DROVE BANKERS TO FRAUD Most Americans have assumed their bank accounts are sacrosanct. But with the major scandal unfolding at Wells Fargo, angry former employees illuminate the alarming pressure that allegedly led local bankers to defraud perhaps more than a million customers. http://www.vanityfair.com/news/2017/05/w...ture-fraud
Wall Street isn’t sure what to think. Wells Fargo’s stock has regained the $30 billion it lost, which is as much a sign of optimism about deregulation in the new administration as anything. But “we gave them too much credit for being Superman in the banking industry,” says one major investor. “Now the cape has come off, and Wall Street is realizing they are just like everyone else and no better than anyone else.”
HOW WELLS FARGO’S CUTTHROAT CORPORATE CULTURE ALLEGEDLY DROVE BANKERS TO FRAUD Most Americans have assumed their bank accounts are sacrosanct. But with the major scandal unfolding at Wells Fargo, angry former employees illuminate the alarming pressure that allegedly led local bankers to defraud perhaps more than a million customers. http://www.vanityfair.com/news/2017/05/w...ture-fraud
Didn't follow too closely with the Well Fargos issue. But seems like the fall out is gettting contagious - After the falsification of new accounts/credits to overcharge retail customers, there seems to be a new fall out (admitted in late July) for auto insurance. Will there be more skeletons drawn out from the closet?
Wells Fargo: What It Will Take to Clean Up the Mess http://knowledge.wharton.upenn.edu/artic...lean-mess/
Didn't follow too closely with the Well Fargos issue. But seems like the fall out is gettting contagious - After the falsification of new accounts/credits to overcharge retail customers, there seems to be a new fall out (admitted in late July) for auto insurance. Will there be more skeletons drawn out from the closet?
Wells Fargo: What It Will Take to Clean Up the Mess http://knowledge.wharton.upenn.edu/artic...lean-mess/ 
06-03-2020, 11:44 PM
(This post was last modified: 07-03-2020, 12:13 AM by dreamybear.)
WFC, 5th largest holding in Berkshire, is now badly beated down to P/E < 10, P/B < 1.1.
https://www.reuters.com/companies/WFC.N/key-metrics Although Berkshire has been reducing its stake in WFC recently, the sell down does not seem to be specifically due to the fake a/c scandal. In the interview, WB mentions the commercial bank earn btw 12 - 16% net tangible assets and are fantastic businesses ! https://finance.yahoo.com/news/warren-bu...15520.html Note, for the full interview, pls refer to karlmarx's post. Issues to consider https://www.channelnewsasia.com/news/bus...o-12328862 WB's take on BOA(2nd largest) seems to be in contrast with WFC .... https://sg.finance.yahoo.com/news/berksh...38654.html Cld this be a rare opportunity to own one of Berkshire's core holdings, since value investors take a long term view - Thoughts anyone ?  https://www.cnbc.com/berkshire-hathaway-portfolio/
06-03-2020, 11:44 PM
(This post was last modified: 07-03-2020, 12:13 AM by dreamybear.)
WFC, 5th largest holding in Berkshire, is now badly beated down to P/E < 10, P/B < 1.1.
https://www.reuters.com/companies/WFC.N/key-metrics Although Berkshire has been reducing its stake in WFC recently, the sell down does not seem to be specifically due to the fake a/c scandal. In the interview, WB mentions the commercial bank earn btw 12 - 16% net tangible assets and are fantastic businesses ! https://finance.yahoo.com/news/warren-bu...15520.html Note, for the full interview, pls refer to karlmarx's post. Issues to consider https://www.channelnewsasia.com/news/bus...o-12328862 WB's take on BOA(2nd largest) seems to be in contrast with WFC .... https://sg.finance.yahoo.com/news/berksh...38654.html Cld this be a rare opportunity to own one of Berkshire's core holdings, since value investors take a long term view - Thoughts anyone ? https://www.cnbc.com/berkshire-hathaway-portfolio/ |
|
« Next Oldest | Next Newest »
|
PR Newswire
