Crime Corporate Fraud

  • House hearing on Wells Fargo

    Jeb Hensarling, House Financial Services chairman (R-Texas), weighs in on what to expect from the house hearing on Wells Fargo next week.

  • Andrew Cuomo once likened to a brother was among eight men arrested Thursday in a bribery and fraud case that threatens to tarnish Cuomo's efforts to spur the upstate economy and darken a reputation that until now has been spared from a federal prosecutor's anti-corruption crusade. Some of the most serious allegations in a Manhattan federal court criminal...

  • RIO DE JANEIRO— The ex-finance minister under Brazilian presidents Dilma Rousseff and Luiz Inacio Lula da Silva was arrested Thursday in the corruption scandal at state-run oil giant Petrobras, but a judge allowed him to be freed while his wife had cancer surgery. Mantega has been accused of asking tycoon Eike Batista for bribes on behalf of the Workers' Party...

  • Call of the day: Wells Fargo

    The "Fast Money Halftime" traders discuss the trade on Wells Fargo following yesterday's hearing with CEO John Stumpf and JPMorgan's downgrade to neutral.

  • Wells Fargo

    CLSA's Mike Mayo says the Wells Fargo scandal has definitely hurt the bank's credibility but the actual financial harm is relatively immaterial.

  • Wells Fargo

    Expect the vast majority of retail banking incentive structures to focus mainly on customer satisfaction, says Robert W. Baird's David George.

  • Wells Fargo

    Wells Fargo's conduct was deplorable, but it might be a good time to buy into the company, says The Motley Fool's John Maxfield.

  • Sen. Vitter: Institutions 'too big to fail' are dangerous

    Sen. David Vitter (R-LA), Banking Housing and Urban Affairs Committee, discusses the investigation into the Wells Fargo fraudulent account scandal and today's testimony by CEO John Stumpf.

  • More regulations on the way?

    Terry Haines, Evercore ISI managing director and head of political analysis, discusses what today's Wells Fargo accounts scandal hearing may mean for banks and regulations.

  • Wells Fargo under fire

    Paul Miller, FBR Capital Markets, discusses his buy rating on Wells Fargo and CEO John Stumpf's testimony over the fraudulent accounts scandal.

  • Sen. Shelby: Something wrong with WFC culture

    Sen. Richard Shelby (R-Alabama), Senate Banking Committee Chairman, discusses the investigation into the Wells Fargo fraudulent account scandal and today's testimony by CEO John Stumpf.

  • Kudlow: Nothing better than a Wall St. pinata in election year

    CNBC Contributors Jon Najarian and Larry Kudlow weigh in on Wells Fargo CEO John Stumpf's testimony to the Senate Banking Committee.

  • Wells Fargo CEO leaves Senate Banking Committee

    As Wells Fargo CEO John Stumpf leaves the Senate Banking Committee, CNBC's Wilfred Frost reports some takeaways from the fraudulent accounts scandal hearing.

  • Stumpf: Board has a process to deal with clawbacks

    Wells Fargo Chairman & CEO John Stumpf testifies at the Senate Banking Committee over the fraudulent accounts scandal, answering questions from Sen. Elizabeth Warren (D-Massachusetts) about his reliance on his board to deal with the massive fraud clawbacks.

  • Sen. Warren: Unbelievable Tolstedt considered for bonus

    Wells Fargo Chairman & CEO John Stumpf testifies at the Senate Banking Committee over the fraudulent accounts scandal, answering questions from Sen. Elizabeth Warren (D-Massachusetts) about his neglect to fire Carrie Tolstedt, employee who oversaw the massive fraud.

  • Fed playbook: Strategy for tomorrow's decision

    The "Fast Money Halftime Report" traders; Stephanie Link, TIAA Global Asset Management; Erin Browne, UBS O'Connor managing director; and CNBC's Steve Liesman discuss the probably of a rate hike ahead of tomorrow's big Fed meeting.

  • Sen. Heitkamp to Stumpf: You are still not acting fast enough

    Wells Fargo Chairman & CEO John Stumpf testifies at the Senate Banking Committee over the fraudulent accounts scandal, answering questions from Sen. Heidi Heitkamp (D-North Dakota) about a clear timeline for remediation.

  • Stumpf: We want to hear from employees

    Wells Fargo Chairman & CEO John Stumpf testifies at the Senate Banking Committee over the fraudulent accounts scandal, answering questions from Sen. Tim Scott (R-South Carolina) about employee safe havens and ethics in the workplace.

  • Stumpf: Difference between dishonesty and not solving the issue

    Wells Fargo Chairman & CEO John Stumpf testifies at the Senate Banking Committee over the fraudulent accounts scandal, answering questions from Sen. Joe Donnelly (D-Indiana) about dishonesty from lower level employees up to Carrie Tolstedt.

  • Stumpf: This was a problem of focus, not of size

    Wells Fargo Chairman & CEO John Stumpf testifies at the Senate Banking Committee over the fraudulent accounts scandal, answering questions from Sen. David Vitter (R-Louisiana) about his knowledge of 2011 firings for fraudulent behavior.