Wells Fargo sheds 4th consent order in a month
Company (NYSE: WFC) announced today that a significant regulatory hurdle has been overcome with the Office of the Comptroller ...
In 2022, the CFPB had ordered the bank to pay $3.7 billion for ‘widespread’ problems with its auto loans, mortgages and deposit accounts.
The fine was reduced from an initial $25 million. Tolstedt was fired retroactively with cause by Wells Fargo shortly after the scandal erupted publicly in September 2016. The OCC has said ...
Three former Wells Fargo executives must pay $18.5 million for their role in the bank’s widespread fake sales accounts scandal that came to light nearly a decade ago. Based in San Francisco ...
Wells Fargo last announced its advisor count in January 2023, when it reported a total of 12,027 advisors and its first quarterly uptick in its advisor ranks since 2017. The bank thereafter ceased ...
Wells Fargo paid Chief Executive Charlie Scharf $31.2 million for 2024, a more than 7% raise from a year earlier. Scharf earned a base salary of $2.5 million and a cash bonus of $7.2 million, ...
We’ve had a corporate and investment bank for a very long time … but we never really talked about it until about four years ...
Wells Fargo has seen numerous regulators move to lift enforcement actions in recent months. Last month, the Consumer ...
Two more federal agency consent orders tied to Wells Fargo’s prior problems have ended, the bank said Tuesday. But the bank’s asset cap remains in place, a significant penalty that’s ...
Wells Fargo did everything by the book when it managed a massive, ever-growing trust fund on behalf of the children of the ...
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