SACRAMENTO, Calif. (KGO) -- State Treasurer John Chiang has made a major announcement about San Francisco-based Wells Fargo - he's suspended the bank from business relationships worth billions for one ...
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, ...
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 ...
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 ...
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 ...
The Federal Reserve said Tuesday that Wells Fargo is no longer subject to harsh restraints the Fed placed on the bank in 2018 for having a toxic sales and banking culture. It's a win for Wells Fargo, ...
Federal regulators moved to lift an unprecedented punishment that had handcuffed growth at Wells Fargo, a milestone in the bank’s efforts to repair its tarnished reputation after its fake-accounts ...
For Wells Fargo, nearly a decade’s worth of scandals, federal regulatory action and a $1.95 trillion asset cap limiting the bank’s growth had its roots in 2016. That’s the year that the bank’s fake ...
NEW YORK (AP) — The Federal Reserve said Tuesday that Wells Fargo is no longer subject to harsh restraints the Fed placed on the bank in 2018 for having a toxic sales and banking culture. It’s a win ...