Kevin Wack

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.

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…

@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.

@tphillips @kevinwack @AmerBanker Thank you!

Interesting article by @kevinwack in @AmerBanker on the FDIC facing a challenge to its admin court system post Jarkesy. This part doesn't make sense to me though. Couldn't agencies just bring enforcement actions in Art. 3 courts?

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.

I had my first truly insane sports-parent experience today. Parents cursing at opposing team’s kids from the sidelines, screaming at the teenage ref and, at one point, threatening to beat up a parent who encouraged everyone to chill. The kids are 11 & 12. Outrageous and sad.

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.

This is a great explanation of why it doesn't go to DTLA, I just don't understand what the business case is for building this at all under these terms. x.com/infrstrctrewee…

Okay I looked up where Rancho Cucamonga is on a map and I am now incredibly confused about Brightline West.

@MattZeitlin "96% of its alignment" will be "within the median of the I-15 highway." brightlinewest.com/overview/proje…

now here's the real question: will brightline west have the same "car destroyer" grade crossing layout as as the miami to orlando train

why does the vegas to la train have two stops in the desert

@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

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…

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-…

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…

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…

Just finished this whole series. 💯 a must read for anyone working in bank tech.