Darden University of Virginia (USA)
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The Wells Fargo Commercial Banking Scandal - Teaching Note
Lynch, Luann J.; Cutro, CameronTeaching Note DARDEN-C-2394TN-EAccounting and ControlTeaching note for product C-2394Starting at €0.00
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The Wells Fargo Commercial Banking Scandal
Lynch, Luann J.; Cutro, CameronCase DARDEN-C-2394-EAccounting and ControlOn October 25, 2016, Timothy J. Sloan, the new CEO of Wells Fargo bank, apologized to 1,200 of his employees in Charlotte, North Carolina. Sloan had been named to the company’s top position two weeks earlier, when then-CEO John Stumpf resigned amid fallout from the banking scandal for which Sloan apologized. In September, Wells Fargo had agreed to a $185 million settlement with the Consumer Financial Protection Bureau (CFPB) and two other regulat...Starting at €8.20
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The Volkswagen Emissions Scandal
Lynch, Luann J.; Cutro, Cameron; Bird, ElizabethCase DARDEN-S-0267-EStrategyIn September 2015, VW had admitted to United States regulators that it had deliberately installed “defeat devices” in many of its diesel cars, which enabled the cars to cheat on federal and state emissions tests, making them able to pass the tests and hit ambitious mileage and performance targets while actually emitting up to 40 times more hazardous gases into the atmosphere than legally allowed. The discovery had prompted the U.S. Environmental ...Starting at €8.20