Wells Fargo posted a double-digit beat on the pre-provision line and better-than-expected provisions and charge-offs, but underlying core banking...
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Wells Fargo shares rose 2.4% Friday. The agreement comes just seven months after the Biden Administration lifted a consent order on the bank that had been in place since 2016 following a series of scandals, including the opening of fake customer a...
"This is very surprising given that Wells Fargo had resolved a consent order for anti-money laundering quite recently, in January 2021, after many years of work and expense," Vivek Juneja, an analyst at JPMorgan Securities, wrote in a note. The order says...
Wells Fargo(NYSE: WFC) Q3 2024 Earnings Call Oct 11, 2024,10:00 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Welcome, and thank you for joining the Wells Fargo third quarter 2024earnings conference call[Operator instructions] Please note ...
"While today's order addresses a number of consumer abuses, it should not be read as a sign that Wells Fargo has moved past its longstanding problems or that the CFPB's work here is done," Choprasaid. The CFPB head said that regulators should consider wh...
Wells Fargo (WFC) will pay $1 billion to settle federal charges into consumer abuses related to its auto lending and mortgage businesses, the U.S. government said Friday. The action comes less than two years after Wells was fined nearly $200 million for illegally opening millions of phony ...
Wells Fargo & Co. reported fourth-quarter earnings that were mixed, as the company continues to be hampered by the coronavirus pandemic, as well as ongoing issues at the bank.
As perWells Fargo & Co.(NYSE: WFC), we expect Mr. Scharf to primarily focus on regulatory issues that have hindered growth, particularly a consent order with the Federal Reserve that has capped assets at the end of the 2017 financial year at $2 trillion. The consent order required that ...
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