The top five women who could run Wells Fargo.
Despite Buffett's caution on Wall Street executives, the CEO position at Wells Fargo may be Lake's for the taking. There are few executives with her depth of financial experience at a major bank and she has been widely mentioned in press reports as a top-notch candidate to succeed Sloan.
Lake has taken firm reign of the mega-banks financial position, including driving the annual Comprehensive Capital Analysis and Review regulatory stress tests overseen by the Fed, as well as helping CEO Jamie Dimon devise strategy and capital allocation for the firm. Lake has made clear to the JPMorgan board, chaired by Dimon, that she has ambitions well beyond the CFO seat,
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Great Crisis Management is Counter-Intuitive: That's Why Boeing, Wells Fargo Are Getting It So WrongTruly effective, inspired crisis management is not a management or leadership skill you learn at Business School — or Law School. It’s also not always what you learned in your last crisis, leadership position, or board. The best crisis management is counter-intuitive, sometimes even illogical.
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Warren Buffett has weighed in on what kind of CEO Wells Fargo should hireWarren Buffett, Wells Fargo's largest and most powerful shareholder, doesn't want the troubled bank to hire a CEO from Wall Street.
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How Wells Fargo's regulators and employees drove out its CEOThe day after former Wells Fargo & Co Chief Executive Tim Sloan told U.S. lawmak...
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Wells Fargo, Stuck in ‘Wait-and-See Mode,’ Struggles to Boost Its BusinessesWells Fargo’s 2016 sales scandal has turned into a morass of regulatory problems that won’t go away. Behind the scenes, its business lines are also struggling.
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Wells Fargo unloads retirement-plan unit for $1.2 billionWells Fargo is saying goodbye to its retirement-plan business as the bank continues to grapple with a penalties, legal fees and a backlash over its scandals. Principal Financial agreed to acquire the unit for $1.2 billion.
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Wells Fargo CEO is a B-lister’s job of a lifetimeWhoever replaces Tim Sloan atop the $222 bln U.S. lender needs three qualities: banking experience, an ability to deflect political brickbats and patience for financial rewards. Those chasing status needn’t apply – which rules out most of Wall Street’s leaders-in-waiting.
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U.S. consumer watchdog says 'all options on table' for enforcing Wells Fargo orderThe U.S. Consumer Financial Protection Bureau (CFPB) has told Congress that &quo...
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Wells Fargo Sells Institutional Retirement and Trust Arm for $1.2 BillionWells Fargo is selling off its retirement and trust business to Principal Financial Group for $1.2 billion, the companies said.
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Challenges Stack Up For Big Banks Ahead Of JP Morgan, Wells Fargo, CitigroupLower trading volume. Falling mortgage rates. An inverted Treasury yield curve. A slowing U.S. and global economy. The odds seem pretty stacked against big banks on multiple fronts as earnings season starts tomorrow.
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