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 ...

It has resolved seven in the past five years – many connected to the fake-accounts scandal ... Scharf’s pay will outpace that of BofA CEO Brian Moynihan, who – like Wells’ chief executive – received ...

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, ...

Wells Fargo & Co. has narrowed by three the number of outstanding consent orders with the Federal Reserve Board, but the $1.9 ...

In 2011, the bank was ordered to pay an $85M civil penalty, the largest the Fed had assessed in a consumer-protection ...

About 5,300 Wells Fargo retail branch employees were fired at the outset of the scandal. In February 2020, the bank agreed to pay $3 billion to settle U.S. Justice Department and Securities and ...