Fargo the CEO!

Fargo the CEO!

Elizabeth Warren, the US Senator who called for the firing of the previous Wells Fargo CEO, is now asking for the resignation of Tim Sloan, the current CEO of Wells Fargo. In her words, “Wells Fargo is not going to change with you in charge”.

With the fine levied last year at $180M and the firm’s agreement to pay $140M to settle a class action lawsuit, you’d think the bank would have implemented measures to fundamentally change the way they do business, but it seems as though it’s just not doing enough!

Wells Fargo admitted in August this year that approximately 3.5 million accounts may have been created for customers without their knowledge or permission over the course of 8 years, more than what the bank previously stated.

Tim Sloan stated that the most serious issues were limited to the retail banking unit.

We’ll see how this story develops over the coming weeks and months!

For the full BBC Article, click here.

King of Good Times

You’d think with a title like “King of Good Times” that you’d be hearing about a great story! One that’s full of optimism and happiness… well, no. Read on. This gent has some serious problems!

For those of you who do not know the “King of Good Times”, his name is Vijay Mallya. Vijay Mallya has been called the Richard Branson of India.

The “King of Good Times” is facing new money laundering charges.  He came under fire in 2016 for leaving India after defaulting on bank loan payments on debt reaching up to $1bn.

Vijay Mallya denies any wrongdoing and rejects claims that he left India to avoid paying his debts.

Here’s some more information on Mr. Mallya.

For the full BBC Article, click here.

Trumpty Dumpty Had a Great Fall… AGAIN

Just when you thought Goofy couldn’t get any goofier, Trump said this…

Watch the full clip:

That, the President of the United States is able to compare disasters and tragedies, for those of you that did not know, is a special privilege of the Office of the United States. The U.S. President just compared the tragic natural disaster and death count in Puerto Rico to the disaster that occurred as a result of Hurricane Katrina… Why not line up all the victims of the tragedy and slap them across the face, Trump? Oh wait… you kind of already did that. Good move Dumpty!

For shame!

View the Full CNN Article here.

 

Check out our last post here.