The owner also takes blame for the people who created the fake accounts and also takes the responsibility for the actions of those people. Timothy J. Sloan took Stumpf’s place as the CEO. The scandal for the Wells Fargo fake accounts is still ongoing today. The company plans to close ...
Five Steps for Wells Fargo to Rebound from ScandalByline: Jon Lukomnik The scandal at Wells Fargo has knocked the company off its pedestal as...Lukomnik, Jon
Wells Fargo discovered an additional 1.4 million accounts affected by its scandal After the completion of a third-party investigation of Wells Fargo banking accounts dating back to 2009, as many as 3.5 million accounts could have been opened without authorization, the company announced...
LOS ANGELES -- A former Wells Fargo Bank executive accused of overseeing a ruse that created millions of bogus customer accounts has agreed to plead guilty to criminal charges likely to send her prison for her role in the scandal. The agreement filed Wednesday in a Los Angeles federal co...
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.
The hour-long call with 500 senior Wells Fargo executives took place on Monday and was intended to lay out the bank’s strategy to move past the scandal, the newspaper reported. Wells Fargo representatives were not immediately available for comment. The Wall Street Journal also reported that Wel...
NEW YORK (AP) — The scope of Wells Fargo's fake accounts scandal grew significantly on Thursday, with the bank now saying that 3.5 million accounts were potentially opened without customers' permission between 2009 and 2016. 00:01 00:00 CNN Newsource Wells Fargo also acknowledged that roughl...
According to several former Wells Fargo employees interviewed a week ago on CNN, they were fired specifically for their unwillingness to set up fake credit card accounts. Those employees, which number about a dozen, confirm what has already been widely disclosed in the scandal—that intense pressur...
bank, a move that comes in the wake of a major scandal over the creation of fake accounts on behalf of thousands of customers. SEE ALSO: Wells Fargo fined $185 million over phony accounts John Stumpf, who had served as CEO of Wells Fargo since 2007 and worked for the company for 24...
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 ...