Wells Fargo recently fired over a dozen employees for allegedly faking keyboard activity in an attempt to appear busy at work, according to a report from Bloomberg News. In light of that, Sanvi Bangalore, editorial intern with The Wall Street Journal, joined CBS News to discuss some of the ...
Join the 1,302 people who've already reviewed Wellsfargo. Your experience can help others make better choices.
A wave of controversy, kicked off by the fake-accounts scandal, have hurt Wells Fargo's reputation, raised its legal expenses and drawn the ire of regulators. Wells Fargo has said it doesn't expect to escape the Fed's unprecedented asset cap, which was imposed in February, until next ...
Follow the latest Wells Fargo news stories and headlines. Get breaking news alerts when you download the ABC News App and subscribe to Wells Fargo notifications.
WASHINGTON, Feb. 21 (Xinhua) -- Wells Fargo, one of the leading U.S. banks, has agreed to pay 3 billion U.S. dollars to settle criminal and civil investigations with the U.S. Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) over its fake accounts scandal,...
Wells Fargo's troubles with its fake-account scandal have earned the bank a credit downgrade from ratings agency DBRS. The move is in reaction to the growing costs the third-largest U.S. bank by assets faces regarding the scandal. Wells Fargo's shares are down more than 3 percent in 2017...
Wells Fargo announced that it will pay more than $180 million dollars in fines for its bogus accounts scandal. The bank has since announced it’s getting rid of retail banking sales by the end of the year.
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 ...
Wells Fargo exec in accounts scandal deserves jail time, say prosecutors: ‘Corporate wrongdoers must be sent a clear message’ BYJoel Rosenblatt and Bloomberg September 2, 2023 at 11:49 PM GMT+8Wells Fargo paid $3 billion in penalties in 2020 over its widespread practice of opening checking...
Wells Fargo has been the subject of a series of lending scandals, including: The mistreatment of its auto loans and mortgage consumers. In April 2018, theConsumer Financial Protection Bureau(CFPB) and theOffice of the Comptroller of the Currencyfined Wells Fargo $1 billion after the scandal came...