A 2020 investigation by the OCC concluded that the executives opened millions of unauthorized customer accounts.
Wells Fargo's progress in resolving outstanding regulatory matters 2018 - Added TSR governor to Performance Shares awarded to executives that reduces the maximum payout from 150% to 125% if our TSR for the performance period is not in top quartile of our Financial Performance Peer Group 2013 -...
Executive panel: key banking cybersecurity developments for 2023 Ten executives from top firms, including Wells Fargo, Microsoft, TransUnion, and RBC, share their expert views. 6th March 2023 Wells Fargo launches digital financial planning platform LifeSync LifeSync, available from March, will si...
Wells Fargo executives don't expect the asset cap on the bank to be lifted until at least 2025, according to Reuters.19The order limiting Wells Fargo to a maximum of $1.9 trillion in assets was imposed by the Federal Reserve in 2016. It will stay in place until regulators deem that the...
Wells Names 3 Key Executives To Web Group. (cover story)Reports on Wells Fargo & Co.'s reorganization of its Internet businesses. Naming of three senior appointments under group executive vice president Clyde Ostler; Alignment of the Internet group with the company's traditional banking activities...
Last month, Wells Fargo executives disclosed that second-quarter mortgage revenue was headed for a 50% decline from the first quarter as sharply higher interest rates curtailed purchase and refinance activity. On Friday, the bank's management said that a further decline in mortgage revenue during ...
Jennifer Hamann, executive vice president and chief financial officer, and Eric Gehringer, executive vice president – Operations, of Union Pacific Corporation will address the 2023 Wells Fargo Industrials Conference at 9 a.m. ET on Tuesday, June 13, 202
Wells Fargo's top four risk management executives are to retire as a regulatory settlement nears, The Wall Street Journal reported Friday, citing sources and an internal memo. The changes follow a recent enforcement action by theFederal Reserve, which restricted the bank's growth and replaced four...
Wells Fargo clears another postscandal regulatory hurdle — but more remain Feb. 4, 2025 at 1:25 p.m. ET by Steve Gelsi Wells Fargo Says Fed Closes Two Longstanding Enforcement Actions Against It Feb. 4, 2025 at 12:26 p.m. ET Why Wells Fargo favors industrial stocks despite new...
Bank executives have signaled repeatedly that the worst of the fallout is in the past, but elevated operating losses have persisted. The U.S. Federal Reserve has placed restrictions on Wells Fargo's balance sheet, to be lifted only when the management team can prove it has ...