Wells Fargo's pre-tax pre-provision profit, a figure that allows to assess the company’s ability to generate capital to cover credit losses through a credit cycle, amounted to approximately 27 billion U.S. dollars in 2023. Pre-tax pre-provision profit of Wells Fargo from 2009 to 2023 (...
Six years later, the bank was hit with $185 million in combined fines, along with a separate $142 million class-action settlement. Wells Fargo has been through two CEOs since the scandal erupted (and just named a new boss on Friday), while some whistleblowers have taken their former ...