Daily Digest – February 5. Fed Lowers Boom on Wells Fargo in Wake of Scandals

FED LOWERS BOOM ON WELLS FARGO IN WAKE OF SCANDALS

  • The Federal Reserve Board has taken the unusual and unprecedented step of telling Wells Fargo that it can not grow its business until it fixes compliance problems that led to a phony accounts scandal and forcing individuals to take out unnecessary auto insurance. Wells Fargo announced that it would replace four members of its board of directors. It currently has $1.95 trillion of assets.

 

WORTH NOTING: An agency within the Department of Defense can’t account for the spending of hundreds of millions of dollars … Congratulations to the Philadelphia Eagles for winning Super Bowl LII last night … Alexa losing her voice was the best commercial of the Super Bowl … If my 9-year-old knew this was a bad idea, then maybe somebody else at Dodge should have, too … An Indiana man has filed a lawsuit for getting a ticket after giving a state trooper the finger … Rising oil prices will lead to a spike in airfare prices … Six metrics every HR department should track … Four common tax return mistakes that can delay your refund … Photos from inside Apple’s $5 billion headquarters … Janet Yellen, who’s last day as chair of the Federal Reserve was Friday, will start a new job today at the Brookings Institution … The Chrome extensions people can’t live without … People dish on Valentine’s Day gifts … How some iconic TV series toyed with alternate endings.

My favorite commercial from last night

Can’t wait for the full trailer

If you have a tip or item you would like to share, or are interested in sponsoring the Daily Digest, please contact me at mike@canvasbusinessmedia.com.

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Mike Gibb

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