Wells Fargo’s Carrie Tolstedt Pleads Guilty and Faces Prison
Posted inBanking and Financial Institutions Consumer Financial Protection Bureau Fines (Penalties) Frauds and Swindling Justice Department Prisons and Prisoners Scharf, Charles W Securities and Commodities Violations Securities and Exchange Commission Sloan, Timothy J Stumpf, John G Tolstedt, Carrie L Wells Fargo & Company

Wells Fargo’s Carrie Tolstedt Pleads Guilty and Faces Prison

Carrie L. Tolstedt, who ran the bank’s retail branches, faces up to 16 months in prison for obstructing a bank examination.
No, ‘Wokeness’ Did Not Cause Silicon Valley Bank’s Collapse
Posted inBanking and Financial Institutions Conservatism (US Politics) Consumer Financial Protection Bureau Corporate Social Responsibility Environment Minorities Silicon Valley Bank United States Politics and Government

No, ‘Wokeness’ Did Not Cause Silicon Valley Bank’s Collapse

Blaming workplace diversity or environmentally and socially conscious investments for the firm’s downfall signals a “complete lack of understanding of how banks work,” one expert said.