CREATED MILLIONS OF FAKE ACCOUNTS, FAKE BANK ACCOUNTS WITHOUT FAKE ACCOUNTS, FAKE BANK ACCOUNTS WITHOUT CUSTOMERS’ PERMISSION. BANK ACCOUNTS WITHOUT CUSTOMERS’ PERMISSION. JO LING KENT WITH THAT CUSTOMERS’ PERMISSION. JO LING KENT WITH THAT STORY. JO LING KENT WITH THAT STORY.>>Reporter: TONIGHT, STORY.>>Reporter: TONIGHT, THE COUNTRY’S FOURTH>>Reporter: TONIGHT, THE COUNTRY’S FOURTH LARGEST BANK WELLS THE
CHRIS WHALEN: Hi, I’m Chris Whalen, Chairman of Whalen Global Advisors. I’m an investment banker and author. I work with banks, non-bank, financial institutions, mortgage banks, helping them raise money to finance operations. I also do some M&A and work on really strange mortgage assets with my friends at Ginnie Mae. So, that’s how I
[MUSIC PLAYING] Community banking is an incredible place to be just for the simple fact that you get to be in so many different situations every single day. It provides products and services all the way from your simple Checking/Savings accounts all the way up to big businesses, getting people to where they need to
In 2008, America experienced the biggest meltdown of its financial sector since the Great Depression. The conventional wisdom is that this failure and subsequent government rescue, commonly known as “the bailout” was brought about by three decades of bank de-regulation. There were a lot of causes for the meltdown, but deregulation wasn’t one of them.
[Music] Loan Consultant, Wells Fargo Stephanie Ruby: Hi, I’m Stephanie Ruby. I am a Wells Fargo Student Loan Consultant. Stephanie Ruby: Every day I get to work with students and their families to ensure that they are prepared for their college with their funding. [Music] The first thing you would want to do is apply
Throughout his presidential campaign, Senator Bernie Sanders has called for the breakup of Wall Street’s big banks. These six financial institutions, which likely include JP Morgan Chase, Bank of America and Wells Fargo, collectively hold assets equal to 60 percent of the United States’ GDP. The central problem with these banks, as outlined by Sanders,
[Music] By going through the program, I knew I wanted to work at Wells Fargo because of the people that I got a chance to work with every day. It was a very collaborative environment and it was a great learning experience and great immersion experience that allowed me to understand financials of a company,
[MUSIC] Andrew, we just finished up our video series that was focused on dealing with government backed federal loans. And the different income contingent plans, IBR, repay, consolidation. All that’s great information, but you’re also, and probably more now, focused and have a great deal more experience that you can help people with in regards