The Long Road Back to Redemption: Wells Fargo’s Path to Remediation (Part II of II)
Wells Fargo’s ability to grow its business is on hold for a year while it designs and implements a remediation program to address deficiencies in its board governance, risk management and compliance program. The Federal Reserve’s action blocking Wells Fargo’s growth is perhaps the strongest condemnation of a company’s overall leadership and direction that the government can impose. There is clearly a complete lack of...
