WASHINGTON, July 17 (Xinhua) -- Wells Fargo is preparing to shed a number of its businesses as the U.S. bank tries to restore investor confidence in the wake of the fake account scandal, Financial Times reported on Sunday. "We get a little bit smaller, a little bit less complex and w...
Wells Fargo has paid a hefty price forits fake account scandal. While the bank has fired more than 5,000 employees implicated in the scandal, clawed back $75m in compensation from executives it blamed for the fraud, and agreed to pay $110m to settle a class action lawsuit over its openi...
As the bank continues to rebuild its image, Wells Fargo CFO John Shrewsberry insisted Friday that the institution has taken aggressive steps and has held its leaders accountable for the fake accounts scandal. Shrewsberry's remarks came the same day the bank reported earnings that disappointed Wall ...
Wells Fargo & Co. agreed to pay $480 million to settle a class-action lawsuit in which investors accused the bank of securities fraud related to its fake-account scandal. The settlement resolves the main class-action suit brought by shareholders targeting the … ...
Not only did Wells Fargo fail to credit Hancock’s account for the improper charge, they also failed to refund the money. In fact, Wells Fargo kept charging him for the policy and he was charged a late fee, Hancock claims. The lawsuit isHancock v. Wells Fargo & Co.,17-cv-04324, U...
Wells Fargo CFO: There’s a lot to like about this past quarter As the bank continues to rebuild its image,Wells FargoCFO John Shrewsberry insisted Friday that the institution has taken aggressive steps and has held its leaders accountable for the fake accounts scandal. ...
As the bank continues to rebuild its image, Wells Fargo CFO John Shrewsberry insisted Friday that the institution has taken aggressive steps and has held its leaders accountable for the fake accounts scandal. Shrewsberry's remarks came the same day the bank reported earnings that disappointed Wall ...