When the Federal Reserve in June lifted the $1.95 trillion asset cap it imposed on Wells Fargo back in 2018 as punishment for ...
Seizing on the Wells Fargo sales scandal, a group of 15 Democratic senators on Wednesday urged federal regulators to make it mandatory for executives to give back millions of dollars in compensation ...
The Wells Fargo financial scandal in 2016 diminished consumer trust in traditional banks while driving homebuyers to fintech lenders for mortgages, a University of California, Davis study suggests.
Wells Fargo's board canceled $41 million in unvested stock awards to CEO John Stumpf and $19 million to retiring consumer ...
Wells Fargo & Co. (WFC) directors on Tuesday survived a shareholder revolt — but barely. Twelve of the San Francisco-based lender’s 15 board members received 80% or less of shareholder votes in their ...
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The document, Charlie Scharf recalls, was 3,162 pages. It included 6,000 tasks; 28,000 people had worked on it. This staggeringly long volume was the plan to save Wells Fargo, forged by Scharf and his ...
Wells Fargo & Co. resolved another regulatory punishment after a top US regulator terminated a 2015 order against the bank, leaving it with one major hurdle to clear before it can put a series of ...
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 ...
The Office of the Comptroller of the Currency on Tuesday fined three former Wells Fargo executives a total of $18.5 million in connection with the bank's 2016 fake-accounts scandal. The OCC banned ...
The Federal Reserve on Tuesday voted to scrap a near-$2 trillion asset cap imposed on Wells Fargo over a 2016 scandal that uncovered millions of fake accounts and other consumer abuses. The decision ...
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