National Editor @AmerBanker; DM me for Signal or kevinwack at gmail dot com.
Los Angeles, CA
Joined October 2010
- Tweets2K
- Following648
- Followers2.4K
- Likes395
Pinned Tweet
Nearly a year ago, I received a short email from a former @WellsFargo executive named Michael Bacon. “I am ready to connect with you,” it read. Thus began a reporting journey that culminates this week with the publication of an 11,000-word story, told in five chapters.
Kevin Wack retweeted
Really fantastic story on the state of CRE credit that is nuanced and not a puff piece from @polorocha18 and @ccleffert: americanbanker.com/news/a-no…
Kevin Wack retweeted
At least 30 states in the #US have legalized mobile #sports betting, bringing in billions for operators. There’s a dark side though to the betting boom. Calls to gambling help lines have skyrocketed setting off a crisis with gambling addiction.
Watch now: aje.io/bigamble
Kevin Wack retweeted
A California woman spent years trying to get Nazi-era reparations from Austria on behalf of her mother — but then the money disappeared from her bank account. @kevinwack on what customers expect from their banks when #fraud strikes: @amerbanker americanbanker.com/news/two-… #banking
My latest @AmerBanker story is about three seemingly unrelated topics: Nazi plunder in the 1930s, modern-day identity theft and the maddening experience of getting stuck in customer-service hell at a megabank. I hope you'll read and share. americanbanker.com/news/two-…
Carrie Tolstedt, ex-senior exec @WellsFargo, will be sentenced tmrw after pleading guilty to a criminal charge in connection w/ the bank's fake-accounts scandal.
To get up to speed, check out my extensive new podcast intrw about Wells w/ @leereiners: tinyurl.com/3p573rha
Prosecutors want Tolstedt to serve 12 months behind bars. In a filing made public today, her lawyers are asking the judge for a sentence of probation only.
americanbanker.com/news/on-e…
Kevin Wack retweeted
For the latest FinReg Pod episode I spoke with @kevinwack from @AmerBanker about his excellent reporting on the origins of the Wells Fargo fake account scandal, what’s happened to the sr. execs involved, & what lessons the scandal provides for corporations open.spotify.com/episode/4XK… – at Durham, NC
Read my 2020 investigation into "extreme" sales pressure at @BankofAmerica, which delves into the
@CFPB probe of fake credit-card accounts.
americanbanker.com/news/ex-b…
This Post is from an account that no longer exists. Learn more
Kevin Wack retweeted
Comerica in 'serious violation' of Treasury's Direct Express program | American Banker americanbanker.com/news/come…
More than three years after I reported that federal prosecutors were eyeing criminal charges, it looks like a high-level Wells Fargo executive may go to prison in connection with the phony-accounts scandal.
americanbanker.com/news/ex-w…
Kevin Wack retweeted
The great dumpling drama of Glendale trib.al/8SanH3o
I was on NPR's @hereandnow today to discuss my recent behind-the-scenes look at the @WellsFargo bogus-accounts scandal. I talk about my key insider source and why it's important to understand how the bank's senior executive mishandled the situation. wbur.org/hereandnow/2023/02/…
I'll be appearing tomorrow on NPR's @hereandnow to discuss my recent series on how the @WellsFargo bogus-accounts scandal played out in the executive suite. The show airs from noon-2 Eastern. Here's how you can listen. wbur.org/radio/programs/here…
Kevin Wack retweeted
Really enjoyed talking to @kevinwack at @AmerBanker about his recent terrific series giving a first-hand account of the phony-accounts scandal at Wells. Sharp writer, bulldog reporter.
Listen on iTunes: podcasts.apple.com/us/podcas…
Spotify: open.spotify.com/episode/6s0…
Kevin Wack retweeted
Just finished this whole series. 💯 a must read for anyone working in bank tech.
Nearly a year ago, I received a short email from a former @WellsFargo executive named Michael Bacon. “I am ready to connect with you,” it read. Thus began a reporting journey that culminates this week with the publication of an 11,000-word story, told in five chapters.
Michael Bacon recounted a 2013 meeting where he provided lots of detail about sales abuses to the committee's other members, several of whom reported to CEO John Stumpf. "They all nodded their head,” Bacon said. "They all knew it's a problem. They knew it's gotten worse."
For those who've been interested in this thread, there's now a related podcast episode, and you don't need to be an American Banker subscriber to listen. xitter.cf/kevinwack/status/16237…
I made a podcast episode (available to non-subscribers) about my recent series on @WellsFargo insider Michael Bacon, who spent years warning senior executives about the bank's fake customer accounts problem.
I made a podcast episode (available to non-subscribers) about my recent series on @WellsFargo insider Michael Bacon, who spent years warning senior executives about the bank's fake customer accounts problem.
The podcast explores how I came to tell Bacon's story. It gets more personal than my journalism typically does. americanbanker.com/podcast/b…
American Banker subscribers can read the entire series here. americanbanker.com/news/alar…