The pre-tax pre-provision profit of Wells Fargo decreased considerably between 2009 and 2023. 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...
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 ...