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 ...

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 has spent years trying to extricate itself from its fake accounts scandal, was sued on Thursday for allegedly not doing enough to help customers who were harmed. The lawsuit was ...

(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 ...

After an investigation by The Los Angeles Times in 2016, Wells Fargo shut down its sales culture and fired much of its leadership and board of directors. The fake accounts scandal cost Wells Fargo ...

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 ...

Wells Fargo's Anti-Money Laundering Compliance: Analysts See Minimal Impact on Growth Despite Regulatory Hurdles Lekha Gupta Fri, Sep 13, 2024, 1:57 PM2 min read ...

The former head of Wells Fargo's retail bank on Friday avoided prison time after pleading guilty to an obstruction charge related to the bank's sweeping fake-accounts scandal. Carrie Tolstedt was ...

Between 2011 and 2016, Wells Fargo dismissed approximately 5,300 employees for allegedly engaging in unethical sales practices, most notably the creation of millions of unauthorised customer accounts.

After previously denying any wrongdoing, Tolstedt becomes the first Wells Fargo executive to be held criminally culpable for a scandal that resulted in the firing of 5,300 employees for falsifying ...

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 ...