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TETELESTAI | 1-800 Numbers

This is where the 800#'s will be listed which will be included in the TETELESTAI post once published.

If there are no 800#'s, the TETELESTAI will still be published once given permission as it contains useful information prior to redeeming/exchanging your currencies.

(Note: The TETELESTAI post is the official "Go" for redemption/exchange.)

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"New Day" - Intel SITREP - 11:00 EST - Tuesday - February 21, 2017

Received via email at 11:11 AM EST for publication. ~ Dinar Chronicles The NPTB are including more T5, T6 banks, in more countries, know...

Monday, September 26, 2016

Support is Wavering for Wells Fargo CEO Stumpf




Support for Wells Fargo CEO Stumpf 'now wavering': CLSA

Wells Fargo CEO John Stumpf testifies before a Senate Banking Committee hearing on the firm's sales practices on Capitol Hill in Washington, U.S., September 20, 2016. REUTERS/Gary Cameron

CLSA analyst Mike Mayo said his support for Wells Fargo & Co (WFC.N) Chief Executive John Stumpf was "wavering" following problematic sales tactics that has brought him under fire from U.S. lawmakers.

The bank has been facing heightened scrutiny following allegations that its employees had set up as many as 2 million accounts and credit cards in customers' names that may have not been authorized.

Mayo said his support for Stumpf was contingent upon the CEO's ability to better explain the repercussions of the sales abuses.

Last week, lawmakers on the U.S. Senate Banking Committee grilled Stumpf about the accounts, with some calling on him to resign and forfeit his earnings and hold other senior executives accountable.

Shareholders have a right to know what will be done to the pay of top executives, to the composition of the board, and for impacted customers, Mayo said in a note to clients.

"We believe Wells Fargo is bigger than the CEO, notwithstanding a good financial track record during his tenure, and there should be no more excuses for the lack of answers to key questions," Mayo said.

Mayo rates the stock 'outperform' with a price target of $57. The stock's median price target is $51.

Shares of the San Francisco, California-based lender have fallen by about 10 percent since Sept. 7, the day before the bank reached a $185-million settlement over fraud case.

(Story corrects headline to fix CEO's spelling to "Stumpf" from "Stump". Also corrects price target to $57 from $45.74 in paragraph seven.)

(Reporting by Sruthi Shankar in Bengaluru; Editing by Shounak Dasgupta)


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