Kevin Wack @kevinwack
National Editor @AmerBanker; DM me for Signal or kevinwack at gmail dot com. Los Angeles, CA Joined October 2010-
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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-non-ala…
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@brianrknight @tphillips @AmerBanker I had made the same assumption as you before talking to Weber. I think the details are complicated, but it sounds like there are lots of instances where the banking agencies don't have legal authority to bring cases in Art. 3 courts, as @tphillips said.
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
@KateDavidson Ugh, this is disheartening and a sad reminder of what's to come. My son is five. His games are so full of joy and encouragement.
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-theft… #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-theft…
@mattyglesias I've wondered about this, too. One point to keep in mind is that Riverside and San Bernardino counties have 4.5 million combined residents, which makes it the 12th largest MSA in the U.S., ahead of San Francisco-Oakland, Detroit, Seattle and Minneapolis-St. Paul.
@MattZeitlin "96% of its alignment" will be "within the median of the I-15 highway." brightlinewest.com/overview/proje…
@WellsFargo @leereiners 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-eve-of…
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
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/4XKRkv…
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-bank-o…
Kevin Wack retweeted
Comerica in 'serious violation' of Treasury's Direct Express program | American Banker americanbanker.com/news/comerica-…
This is not something that I -- or most people who've followed this saga closely -- would have predicted. It's a big deal for the DOJ, which has been hearing criticism ever since the 2008 financial crisis about "Too Big To Jail" executives.
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-wells-…
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/202…
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…
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/podcast/wha… Spotify: open.spotify.com/episode/6s0THI…
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.
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