The lawsuit pits the fourth-largest US bank against the largest, with Wells Fargo accusing JPMorgan of pursuing millions of ...
As these fake accounts grew, the CEO of Wells Fargo at the time, John Stumpf, raked in bigger and bigger bonuses. After the ...
Wells Fargo CEO Charles Scharf, JPMorgan Chase CEO Jamie Dimon and Meyer Chetrit (Getty)New allegations tied to a mortgage ...
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3 former Wells Fargo execs ordered to pay over $18 million in fake sales account scandalThree 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 & Co's veteran chairman and chief executive ... The bank's shares, which have slumped in the wake of the scandal, rose 2% in after-hours trading after the bank announced Stumpf's ...
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Two more Wells Fargo federal consent orders terminated. But growth cap remains for nowBut Wells Fargo’s biggest punishment remains in effect among its five remaining consent orders. The 2018 $1.95 trillion asset cap prevents the bank from growing until regulators believe it has fixed ...
Wells Fargo has agreed to pay $3 billion to resolve criminal and civil claims involving excessive and unrealistic sales goals that led employees to falsify records and create fake customer accounts to ...
Since the scandal and paying a $185 million fine to the U.S. government, Wells Fargo has been trying to show it is holding management accountable. Claudia Russ Anderson, former chief risk officer ...
The Consumer Financial Protection Bureau (CFPB) hit three of the United States’ biggest banks with a lawsuit, which has now been dropped.
As the bank’s chief security officer, Michael Bacon spent years raising concerns about rampant sales abuses. In exclusive interviews, he details how the bogus-accounts scandal unfolded — and argues ...
Wells Fargo & Company’s WFC 2018 consent order ... to fix compliance problems following its year-long fake account scandal, detailing its efforts to implement risk controls.
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