The settlement comes after a class action lawsuit accused Wells Fargo of violating the federal Fair Credit Reporting Act.
The scope of Wells Fargo's fake accounts scandal grew significantly on Thursday, with the bank now saying that 3.5 million accounts were potentially opened without customers' permission between 2009 ...
Nearly a year after news broke that Wells Fargo employees—under the pressure of meeting the bank’s cross-selling sales quotas—created 2.1 million fake accounts under the names of current customers, ...
CHARLOTTE — A former Wells Fargo executive, once ordered to pay $10 million for her role in the bank’s fake sales accounts scandal, will now pay nothing. ALSO READ: Wells Fargo installs new lights on ...
Later today, Wells Fargo shareholders will vote on whether or not to fire most of the bank's board members. This does not happen every day in corporate America. Well, actually, it almost never happens ...
Wells Fargo announced a board shakeup Tuesday, including the coming retirement of three directors, in a restructuring effort following the bank's consumer sales scandal, CNBC reported. Elizabeth ...
Why is Christian Science in our name? Our name is about honesty. The Monitor is owned by The First Church of Christ, Scientist, and we’ve always been transparent about that. The church publishes the ...
A settlement was reached with federal regulators and a former Wells Fargo executive, who had been ordered to pay $10 million for her role in the bank's sprawling fake sales accounts scandal. Now, she ...
NEW YORK • In the aftermath of the 2008 financial crisis, the banking industry sought to address an ethics crisis with surveys, town hall meetings, appointments of overseers and mechanisms for ...
Lawyers at Shearman & Sterling, Munger, Tolles & Olson and Williams & Connolly are among those tapped by the bank and its executives to defend government investigations and class action suits. As law ...
Federal Reserve Chairwoman Janet Yellen said Wednesday regulators need to do more to alleviate the regulatory burden on small lenders, a signal the central bank may soon propose easing rules for ...
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