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Viewsroom

Viewsroom: The Fed’s belated Wells Fargo beating

Viewsroom

Reuters

News

4.458 Ratings

🗓️ 8 February 2018

⏱️ 22 minutes

🧾️ Download transcript

Summary

Chair Janet Yellen forbids the $2 trln lender from growing bigger - on her last day in the job, and 17 months after Wells’ fake-accounts scandal hit. Meanwhile, fellow financial watchdog CFPB seems to be giving hacked Equifax a free pass. Plus: how Nintendo made a comeback. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:07.0

But it knows nothing about your work. Slackbot is different. It doesn't just know the facts.

0:14.0

It knows your schedule. It can turn a brainstorm into a brief and it doesn't need to be taught.

0:20.0

Because Slackbot isn't just another

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AI. It's AI that knows your work as well as you do. Visit Slack.com forward slash meet Slackbot

0:28.8

to learn more. The views expressed on this podcast are those of the participants, not of Roalders News.

0:40.0

Financial regulators lasso Wells Fargo, but let Equifax slip through its noose, and Nintendo

0:45.6

gets back in the game.

0:47.0

These are the topics we'll be discussing on this week's edition of the Views Room, a weekly

0:51.0

conversation among breaking views columnists about the ups and downs of the world of finance.

0:55.7

I'm Jennifer Sabah, and with me is my co-host, Anthony Curry. Hi, Anthony. Hey, how you doing?

1:01.0

Outgoing Federal Reserve Chair Janet Yellen got one parting shot on her way out the door.

1:05.9

She took Wells Fargo to task for creating millions of fake customer accounts and clipping its wings in terms of growth.

1:11.6

Meanwhile, the U.S. Consumer Financial Protection Bureau has decided to pull back its probe of the cyber breach that occurred at Equifax for potentially exposing sensitive data of more than 140 million people.

1:23.6

On the line from DC to discuss the studies in contrast is Breaking View's columnist Chris Bidore.

1:28.8

Hi, Chris.

1:29.9

Hi, guys. Thanks for having me.

1:31.5

Yeah, absolutely.

1:32.6

So let's chat first about Yellen's remarks.

1:35.5

What happened last week?

1:36.4

You were following this.

1:38.2

Wells Fargo has been in a lot of trouble.

...

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