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FOR IMMEDIATE RELEASE Wednesday, September 28, 2016 Contact: Nick Jacobs, 202-618-6430, njacobs@bettermarkets.com   Washington, D.C. – Victoria Daka, Attorney and Derivatives Policy Analyst at Better Markets... Read More
Wells Fargo is facing calls to claw back bonuses paid to senior executives, including the outgoing head of its community banking division, as the fallout over its sham account scandal intensifies. Two top... Read More
FOR IMMEDIATE RELEASE Wednesday, September 14, 2016 Contact: Nick Jacobs, 202-618-6430, njacobs@bettermarkets.com Washington, D.C. – Dennis Kelleher, President and CEO of Better Markets, issued the following... Read More
Wells Fargo & Co. has told some employees to stop cross-selling products to customers, while the Senate Banking Committee’s Republican majority said late Monday it plans a hearing into the bank’s sales... Read More
Wells Fargo is facing calls to claw back bonuses paid to senior executives, including the outgoing head of its community banking division, as the fallout over its sham account scandal intensifies. Two top... Read More
Protecting Main Street from Wall Street is Complicated (Equity, Capital, Leverage, Risk-Weights, oh my!), But Not Really that Complicated:   Almost all companies are mostly funded by equity of one form or... Read More
Wells Fargo & Co’s  WFC -0.37%  “sandbagger”-in-chief is leaving the giant bank with an enormous pay day—$124.6 million. In fact, despite beefed-up “clawback... Read More
Julie Miller was working in Pennsylvania for Wachovia when Wells Fargo took over the Charlotte bank in 2008 and began changing more than the name on its branches.  Miller said she watched with dismay as Wells Fargo... Read More
Ask Kweku Adoboli why bankers do not go to jail, and he would no doubt look surprised. A London-based trader at the Swiss bank UBS, Adoboli was jailed in November 2012 for what police described as the biggest fraud in UK... Read More
Four months before she jumped into the presidential race, Hillary Clinton spent a lunch hour in a Midtown New York City conference room huddling with a dozen of the world’s leading economists and left-leaning... Read More
WASHINGTON – A simmering debate about whether the leverage ratio or risk-weighted capital rules should rightly act as the binding constraint on the biggest banks is likely to soon come to a head. "This is going... Read More
There was a time when one had to wait at least 20 years between big banking crises. Perhaps this was because the generation that had learnt the hard way had to retire before the next crop could repeat the mistakes of their... Read More
Better Markets Fights to Protect Taxpayers by Restoring Accountability for Fraudsters: Better Markets submitted an amicus "friend of the court" brief to the United States Supreme Court in support of... Read More
Law360, New York (August 29, 2016, 1:47 PM ET) -- A Wall Street watchdog group on Friday urged the U.S. Supreme Court to take on a case seeking to overturn a Sixth Circuit decision that blocked a whistleblower suit... Read More
FOR IMMEDIATE RELEASE Friday, August 26, 2016 Contact: Nick Jacobs, 202-618-6430 or njacobs@bettermarkets.com **To read the full amicus brief click here** Washington, D.C. – Better Markets today... Read More
In the face of a fierce lobbying campaign, the U.S. Labor Department backed down in 2010 from a sweeping proposal to change how broker-dealers and investment advisers render advice on retirement accounts. Six years later,... Read More
Ripping off "Clients" is Still too Often the Business Model of too Many on Wall Street and the SEC Needs to Get Serious About Stopping it:  Yet againheadlines reported on the latest Securities... Read More
The Securities and Exchange Commission is caught in the middle of a regulatory tug of war in its final months under President Obama. The financial industry and advocates for tougher rules on Wall Street are jockeying for... Read More
The Consumer Financial Protection Bureau’s latest proposed rule has been met with nearly universal scorn by the financial industry. It could soon turn into a legal challenge. Though the open comment period on the so-... Read More

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