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JOHN STUMPF
Indian banks need $18 billion to fill the void of capital created by bad loansOne way to revive profitability, and reduce the need for external capital, is for bank CEOs to pray their credit costs go down.21 Sep, 2016, 07.02 PM IST- Wells Fargo CEO John Stumpf should resign, face prosecution: Senator Elizabeth WarrenStumpf is under political pressure to punish senior managers, such as calls by Warren to claw back millions of dollars in pay from Tolstedt.21 Sep, 2016, 01.35 PM IST
- JPMorgan tops Wells Fargo as biggest US bank by market capWells Fargo was fined $185 million last week after employees were accused of creating deposit and credit-card accounts without clients’ app...15 Sep, 2016, 09.01 AM IST
- Stumpf, the Mr Clean of banking, finds himself mired in scandalWhile the penalty is a pittance for Wells Fargo, the brouhaha has left Stumpf, 62, struggling to contain the damage.15 Sep, 2016, 08.46 AM IST
- Confidence, not rates, is key for US economy: Wells Fargo CEOStill-fragile consumer confidence, rather than expected interest rate hikes, is the most important factor holding back a stronger US econom...08 Dec, 2015, 10.15 PM IST
- New risk rule could end up punishing wrong banksThe quirk is the result of risk weighting, the mathematical models that treat trading assets as safer than corporate or consumer lending.26 Mar, 2015, 10.21 AM IST
- JPMorgan is most valuable bank in the United States, againThe recovery shows JPMorgan CEO Jamie Dimon has blunted fallout from last year’s trading loss, which wiped out as much as $51 billion in sh...08 Feb, 2013, 11.59 AM IST
- Savers pay US banks to keep cash as rates dipAverage interest on savings, checking, money-market and certificate of deposit accounts fell to 0.99% in July, the first decline below 1% i...27 Aug, 2010, 02.41 AM IST
- Motorola's Jha most paid CEO; Pandit top among bailed-out banksSanjay Jha is the top paid CEO, while Vikram Pandit tops the league among bailed out banks. Indra Nooyi is 36th in the list of top earners....03 Apr, 2009, 07.11 PM IST
- Wells Fargo suspends bonuses for top executivesWells Fargo & Co's board has suspended its bonus policy for Chief Executive John Stumpf and its other top executives, according to a Securi...27 Feb, 2009, 06.34 PM IST
- No private jets as Wall St CEOs face US CongressJust days after former Treasury Secretary Henry Paulson began buying the banks' preferred shares last October to prop up their balance shee...11 Feb, 2009, 03.54 AM IST
- Wachovia Q3 loss paves way for Wells dealHow could a $24 billion loss possibly be good news? When it comes from Wachovia as an effort to primp itself for its acquisition by Wells F...23 Oct, 2008, 03.55 AM IST
- Wells Fargo CEO will try to retain Wachovia staffThe chief executive of Wells Fargo made no promises about job losses Wednesday when he addressed a crowd of Wachovia Corp. employees, but s...16 Oct, 2008, 05.45 AM IST
- Wells Fargo beats Citi as 3rd most valuable bankWells Fargo, the California lender that skirted the subprime collapse, topped Citigroup by market value to become the third-most valuable U...10 Sep, 2008, 12.30 AM IST
- Bond market sees Fed cutting rates to 3.75% in '08The US Federal Reserve would have to lower interest rates at least three-quarters of a percentage point to avoid a recession.20 Nov, 2007, 04.16 AM IST
- Lending losses could add up to $2 trnGoldman Sachs Group, the largest US securities firm by market value, said losses from slumping credit markets may reduce lending by $2 tril...17 Nov, 2007, 01.05 AM IST
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