Sharing Knowledge in Smallcaps

[BullNBear52]

They should have stuck to the free toaster giveaways for customers who opened a new account.

What those employees did is illegal as hell. They are fortunate they only got fired.

It will be interesting to see if WFC tries to clawback the $125M from the VP who ran the program and is retiring.

Wells Fargo Exec Who Headed Phony Accounts Unit Collected $125 Million

by Stephen Gandel @stephengandel SEPTEMBER 12, 2016, 6:00 AM EDT
http://fortune.com/2016/09/12/wells-fargo-cfpb-carrie-tolstedt/

I been with a credit union since I left banking. The only reason I banked with them was because the account was free.

Since my CU is a member of the Fed I can move money back and forth between my brokerage bank account. Who needs a bank anymore.

There is money to be made on the retail side but an incentive like that was designed for fraud. And C has always led on the retail side.

BAC is the last of the big boys to dig themselves out of the ditch they dug. I first played C when they were at a buck. Their R/S at 10-1 was a joke. It's still trading under the split price.

We'll see what BAC's earning are.