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...
The Federal Reserve board on Friday night announced that it would restrict the growth of Wells Fargo and replace four of its board members, a massive blow to the scandal-ridden bank. Wells Fargo is banned from doing anything that would increase its total consolidated assets past their ...
The Wells Fargo cross–selling scandal of 2016 illustrates that instead of sweeping regulatory changes that the government has pushed in the past, current whistleblower jurisprudence needs to assess administrative, rather than regulatory, ... M Khan - 《University of Miami Business Law Review》 被引...
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...
Wells Fargo Rick Wilking | Reuters Since the scandal broke in September, the bank fired 5,300 employees and agreed to pay $185 million in federal and state fines. Meanwhile, Wells Fargo CEO John Stumpf has been forced to forfeit$41 million in unvested stock awards. ...
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.
Wells Fargo Scandal Exposes Need for Bank Loan Officer LicensingByline: Scott Olson The recent revelations about Wells Fargo opening unauthorized bank...Olson, Scott
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...
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,...
“I hope that sanity will prevail but we have to plan in the face of uncertainty. The UK will always remain a very important market to Wells Fargo Asset Management but if we have to build more capacity in Europe after Brexit, that is what we will do,” he says. Wells Fargo Asset Man...