R3 Blockchain Partner Faces Scandal with Calls for CEO’s Resignation
John Stumpf, “Mr. Clean” of American Banking known for the lack of controversy surrounding the bank he leads, is facing a major scandal. It’s led to calls for his resignation from Wells Fargo & Co., one of the U.S.’s big four banks. Stumpf, while in charge of Wells Fargo, led the bank record profits. But, the San Francisco-based lender was made to pay $185 million to settle allegations that it opened $2 million credit card and other accounts for customers without informing them. Stumpf, who became chairman in January 2010, became CEO in June 2007. He’s been a part of Wells Fargo’s....
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John Stumpf, “Mr. Clean” of American Banking who is known for the lack of controversy surrounding the bank he leads, is facing a major scandal. It’s led to calls for his resignation from Wells Fargo & Co., one of the U.S.’s big four banks. Stumpf, while in charge of Wells Fargo, led the bank record profits. But, the San Francisco-based lender was made to pay $185 million to settle allegations that it opened $2 million credit card and other accounts for customers without informing them. Stumpf, who became chairman in January 2010, became CEO in June 2007. He’s been a part of Wells....
A California politician has become embroiled in a growing controversy surrounding an investment company, an alternative digital currency and investors who say they've been duped. According to reports by The Pasadena Star-News, state and federal regulators are investigating US Fine Investment Arts Inc (USFIA), a company backing a digital currency called Gemcoin. The Los Angeles Times reports that the US Federal Bureau of Investigation (FBI) is also speaking with investors who have accused the company of running a scam. An official with the California Department of Business Oversight....
A global scandal has erupted with the release of the Panama Papers implicating world leaders, billionaires, dictators, drug kingpins, famous athletes, and even movie stars. Meanwhile, Bitcoin could be a solution to the wide-scale corruption by providing privacy for the masses and transparency for the mega-rich. The biggest leak in journalistic history,....
Amid political turmoil in Iceland, Pirate party leader Rick Falkvinge has come out in support of “favourable” environments for Bitcoin and digital currencies. Iceland’s Pirate Party has gained a strong following in recent years, with many optimistic following the resignation of the country’s incumbent Prime Minister due to the Panama Papers scandal. Its....
A former supporter of the Bitcoin mining industry and official in several of China’s regional government positions was sentenced by a court in the Zhenjiang Province. Xiao Yi was found guilty of abusing power and accepting over $20 million in bribes while serving as a public agent. Related Reading: Cardano (ADA) Has Finally Become King […]