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Sunday, 17 December 2017

Philip Scipio' s stories

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  • Zames exit weakens JP Morgan's bench

    People & Markets | 09 June 2017

    JP Morgan chief operating officer Matt Zames is stepping down after 13 years at the bank, marking the departure of another senior banker who was seen as a potential successor to CEO Jamie Dimon.

  • Woolery joins King & Spalding's M&A practice

    People & Markets | 05 May 2017

    Veteran M&A dealmaker James Woolery has joined international law firm King & Spalding as head of the firm’s M&A and corporate governance practices.

  • Window closing to change US stress test for 2018

    People & Markets | 22 September 2017

    Hope is fading that the US Federal Reserve will make changes to its annual stress test of major banks in time for it to be used in 2018.

  • The logo for Wells Fargo bank is pictured in downtown Los Angeles

    Wells Fargo sued over underwriting

    People & Markets | 12 October 2012

    The US Justice Department has sued Wells Fargo, accusing the largest US mortgage lender of defrauding the government since 2001. The suit alleges that Wells lied about the quality of the mortgages it originated under the Federal Housing Administration direct endorsement lender programme.

  • A Wells Fargo bank branch

    Wells Fargo stays coy as investment bank grows

    People & Markets | 27 May 2016

    To the surprise of exactly no one, Wells Fargo played down talk of expansion in its investment banking business during last week’s investor day presentations.

  • Wells Fargo sign

    Wells Fargo scandal chills regulatory environment

    People & Markets | 23 September 2016

    The thaw in the regulatory environment that many bank executives were feeling in the waning days of summer is over, thanks in large part to the scandal gripping Wells Fargo.

  • A Wells Fargo bank branch

    Wells Fargo offers a peek behind the curtain

    People & Markets | 20 May 2016

    When Wells Fargo raises the curtain of its biennial investor day conference this week, bank analysts will be looking for the California-based lender to fully explain its expansion into investment banking. They are also expecting to be disappointed.

  • Wells Fargo CEO John Stumpf

    Wells Fargo CEO returns US$41m in wake of scandal

    Ticker | 28 September 2016

    Wells Fargo Chief Executive John Stumpf will forfeit roughly US$41m in stock, as the bank investigates how employees were able to create as many as two million fraudulent bank and credit card accounts under a highly touted cross selling program.

  • Wells Fargo CEO John Stumpf

    Wells CEO Stumpf fights for his job

    People & Markets | 30 September 2016

    Wells Fargo wrapped up another volatile week in the spotlight with its chairman and chief executive John Stumpf once again being grilled by US lawmakers over accusations that the bank opened more than 2m phony bank and credit card accounts for customers.

  • John Weinberg

    Weinberg retires from Goldman after 32 years

    People & Markets | 10 July 2015

    Long time Goldman Sachs dealmaker John Weinberg has announced plans to retire from the firm after 32 years.

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