Wells WAC-O Spending

Compliance into the Weeds is the only weekly podcast which takes a deep dive into a compliance related topic, literally going into the weeds to more fully explore a subject. In this episode Matt Kelly and Tom Fox consider the $20+ billion spend by Wells Fargo for its various regulatory fines and penalties, investigative and remediation costs since the initial announcement of its fraudulent accounts scandal back in 2016. Some of the highlights include: How can you spend over $1bn on compliance remediation in one quarter? Just how bad was the Wells Fargo culture? Can the bank ever get it right? How much is a functioning corporate culture worth?  Resources See Matt’s blog post, Wells Fargo’s Staggering Compliance Costs on Radical Compliance. Learn more about your ad choices. Visit megaphone.fm/adchoices