The scandal for the Wells Fargo fake accounts is still ongoing today. The company plans to close 400 branches of Wells Fargo by the end of 2018. As of now, Wells Fargo has 263,800 employees in the organization. Over 3 million accounts were affected when the fake accounts were made. That...
Taking a comprehensive view of the 2016 Wells Fargo "fake accounts" scandal, the authors detail the bank's legal, ethical, management, and social responsibility transgressions. Civil and criminal charges are explored鈥攕ome of which have been settled. Ethical and immoral aspects are examined in ...
Wells Fargo increases estimate of impacted accounts to 3.5 million By Alexa Lardieri | Aug. 31, 2017, at 11:14 a.m. Save More Wells Fargo: 3.5M Accounts Possibly Fake More Matt Rourke|AP Wells Fargo discovered an additional 1.4 million accounts affected by its scandal Afte...
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 and 2016. CNN Newsource Wells Fargo a
California's treasurer suspended some of its business with Wells Fargo following the bank's fake account scandal. The move could cost the company billions of dollars. John Blackstone reports.
Wells Fargo (WFC) chief financial officer said efforts by states to penalize its business over an unauthorized-accounts scandal would not affect third-quarter earnings “much,” the Wall Street Journal reported, citing a recording of an internal call. John Shrewsberry was recorded as saying the ...
Buffett: Wells Fargo is 'a great bank that made a terrible mistake' Wells Fargo may be sounding a more friendly tone these days, but the big bank is still playing legal hard ball with victims in the fake account scandal. Wells Fargo (WFC) customers have opened a class action lawsuit ...
Wells Fargo Officials Enter $240 Million Settlement Over Bogus Accounts More Reuters FILE PHOTO: A Wells Fargo logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. REUTERS/Chris Helgren By Jonathan Stempel and Dena Aubin (Reuters...
Wells Fargo fines add up to $1.7 billion, along with $2 billion in consumer redress for "illegal conduct" across several business lines. The CFPB has ordered the bank to pay up.
John Stumpf swears an oath before the U.S. Senate Banking Committee on Capitol Hill in Washington D.C., the United States, Sept 20, 2016. U.S. lawmakers grilled Wells Fargo's chairman and chief executive officer (CEO) John Stumpf on Tuesday over the bank's fake account scandal as he ...