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When the Federal Reserve in June lifted the $1.95 trillion asset cap it imposed on Wells Fargo back in 2018 as punishment for a widespread scandal involving the creation of fake customer accounts, CEO ...
(Reuters) -Wells Fargo & Co on Friday reported a 31% decline in third-quarter profit as the bank racked up costs related to a fake accounts scandal and boosted its loan loss reserves in ...
Wells Fargo’s asset cap removal, strong earnings, and $40B buyback plan position it for growth and higher returns despite ...
Wells Fargo & Co WFC-N on Friday reported a 31 per cent decline in third-quarter profit as the bank racked up costs related to a fake accounts scandal and boosted its loan loss reserves in ...
Wells Fargo, which have risen 47 per cent since the start of the year, were up 2.4 per cent in afternoon trading. Executives gave more details on the bank’s path to hitting a long-term target of ...
Federal regulators on Tuesday lifted Wells Fargo 's $1.95 trillion asset cap punishment over its fake sales scandal that had prevented it from growing for the past seven years -- a major turning ...
The Wells Fargo financial scandal in 2016 diminished consumer trust in traditional banks while driving homebuyers to fintech lenders for mortgages, a University of California, Davis, study ...
At the Berkshire Hathaway (BRK-A, BRK-B) annual shareholders meeting, CEO Warren Buffett spoke more about Wells Fargo (WFC) and its 2016 scandal, in which up to 2 million credit card and bank ...
FILE - A Wells Fargo bank sign is affixed to a window on Jan. 13, 2021, in New York. A former Wells Fargo Bank executive accused of overseeing a ruse that created millions of bogus customer ...
(Reuters) -Wells Fargo & Co on Friday reported a 31% decline in third-quarter profit as the bank racked up costs related to a fake accounts scandal and boosted its loan loss reserves in preparation ...