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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 ...
The bank has 4.5% more consumer checking accounts, even after including a small drop in September in the wake of the scandal, and more of Wells Fargo's customers now have a credit card with the bank.
As if Wells Fargo's poor showing Tuesday as Chairman and CEO John Stumpf appeared before the Senate Banking Committee wasn't bad enough, the unfolding scandal looks even worse as more former ...
Wells Fargo is trying to figure out what retail banking products and services could look like after the bank moves past the scandal impact. "Candidly, it's one we're wrestling with," he said.
As a matter of fact, “Wells Fargo scandals” is on the top of search engine results. The Comptroller of Currency (OCC) has just fined the bank $250 million for unsafe or unsound practices ...
Former Wells Fargo exec Carrie Tolstedt was sentenced Friday for obstructing a regulatory investigation into the bank's fake-accounts scandal.
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 for a ...
Wells Fargo, in the mind of the consumer, has fully joined consumer-unfriendly mega-borg banks like BAC and JPM/Chase. Leaving it in it's current state invites more fraud at all levels.
Millions of Wells Fargo customers are one step closer to receiving money following the bank's fake-account scandal. A federal judge has given preliminary approval for a class action lawsuit. That ...
Those are code words for Wells Fargo, and the up to 2 million accounts that its employees opened without customer permission as they sought to meet unrealistic sales goals.
On August 31st a new report on the initial scandal increased the number of potentially unauthorised accounts from 2.1m to 3.5m (excluding the years from 2002 to 2009, which could not be examined ...
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