As Wells Fargo continues to dig itself out of a years-long — if not decade-long — fake account fiasco perpetrated by employees under strain from high-pressure sales goals, federal regulators are warning other financial institutions that these sorts of programs could harm consumers and possibly lead to stiff penalties. [More]
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Formerly Beloved Technical Analyst For Wall Street Warns Massive Market Crash Coming
Pick any Roland Emmerich disaster movie and randomly select a scene–that’s more or less what Robert Prechter, a market forecaster who was widely lauded as a technical analyst in the 1980s, says is coming to the Dow, writes the New York Times. [More]