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Wells CEO Faces Hill Grill On Account Scandals

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Lawmakers repeatedly pressed Scharf on a timeframe for more tangible results across compliance and remediation efforts. Andy Barr, Republican of Kentucky, asked if Scharf, who has a long tenure in senior banking roles, might see Wells as being too big to manage. “No, In another line of questioning, Rep.

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New(ish) Ideas Edition: Google, JPMorgan Chase And Samsung

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They don’t so much like the difficulty in securing bitcoin vaults (as evidenced by the numerous and expensive hacks that seem to be endemic to bitcoin storage) and the simple fact that it is hard to incorporate digital currency systems into the highly regulated and compliance-focused environments that all large international banks exist in.

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