Wells Fargo increases estimate of impacted accounts to 3.5 million By Alexa Lardieri | Aug. 31, 2017, at 11:14 a.m. Save More Wells Fargo: 3.5M Accounts Possibly Fake More Matt Rourke|AP Wells Fargo discovered an additional 1.4 million accounts affected by its scandal Afte...
Wells Fargo Scandal In California, eight Wells Fargo employees were convicted of committing fraud facing a maximum penalty of 30 years in federal prison, also each employee is charged with at least one count of aggravated identity theft, which carries another two years in prison (https://www.ju...
If there ever is an example of a rotten corporate culture, Wells Fargo sits at the head of the class. Since Wells Fargo’s sales pressure scandal, Wells Fargo has continued to suffer from a string of scandals and misconduct. ...more ...
Illinois Sanctions Wells Fargo over Accounts ScandalLess than a week after California suspended doing some businesswith Wells Fargo over its fake...Koren, James Rufus
(NYSE: WFC) has been a major underperformer over the past couple of years in an otherwise very strong banking industry. With its infamous fake-account scandal and other lingering issues, many investors are wondering when, if ever, Wells Fargo will return to being one of the most profitable ...
California's treasurer suspended some of its business with Wells Fargo following the bank's fake account scandal. The move could cost the company billions of dollars. John Blackstone reports.
Wells Fargo is still operating under an asset cap that prevents it from growing until regulators deem it has fixed problems from a fake accounts scandal. The bank has nine open consent orders from regulators mandating additional oversight of its practices. Rivals JPMorgan Chase and Bank ...
While Wells Fargo's most recent earnings report was admittedly the bank's best in some time, the effects of the fake-accounts scandal and subsequent other scandal revelations are still very apparent. For example, while most banks experienced significant deposit and loan growth over the past year...
Wells Fargo (WFC) chief financial officer said efforts by states to penalize its business over an unauthorized-accounts scandal would not affect third-quarter earnings “much,” the Wall Street Journal reported, citing a recording of an internal call. John Shrewsberry was recorded as saying the ...
Wells Fargo, one of the largest and most prominent banks in the world, has been embroiled in a scandal in which thousands of its employees apparently engage in…