Wells Fargo scandal: US bank regulator fines three former executives over fake accounts
The trio had been previously charged by the OCC in 2020, alongside other former senior leadership of the bank, but had opted not to settle.
Former Wells Fargo Execs Fined for Role in Fraudulent Bank Accounts
Three former Wells Fargo executives have been fined a total of $18.5 million for their alleged roles in opening fraudulent bank accounts, the Office of the Comptroller of the Currency said Tuesday.
3 former Wells Fargo execs ordered to pay over $18 million in fake sales account scandal
Three former Wells Fargo executives must pay $18.5 million for their role in the bank’s widespread fake sales accounts scandal that came to light nearly a decade ago. Based in San Francisco, Wells Fargo has its biggest employee base in Charlotte,
Three more former Wells Fargo execs fined for sales practices scandal
Bank regulators say a new round of fines is the final enforcement action against former Wells Fargo executives after the sales practices scandal that came to light in 2016.
Wells Fargo fraudulent customer account scandal resurfaces with three more former executives drawing OCC fines
The fourth-quarter earnings report from Wells Fargo & Co. was overshadowed by the disclosure of three more former senior executives being fined a combined $18.5 million by the bank's federal
Why investors seem giddy about once-troubled Wells Fargo
Wells Fargo CEO Charlie Scharf validates some of the optimism, telling analysts he feels "really great about our progress." ...
Consumer Spending Remains Strong, Says Wells Fargo Finance Chief
The overall health of the American consumer is generally strong, said Wells Fargo Chief Financial Officer Mike Santomassimo ...
Wells Fargo Shares Rise as Bank’s Cost-Cutting Efforts Take Hold
Wells Fargo & Co. took a $647 million severance charge in the fourth quarter, as Chief Executive Officer Charlie Scharf ...
Financial Planning2m
Despite $50M sweeps hit, Wells Fargo's wealth profits soar
Wells Fargo and other large wealth managers have been under scrutiny from plaintiffs' lawyers and regulators for the returns they pay on uninvested cash. It hardly mattered for Wells' bottom line last ...
Wells Fargo raises interest income forecast as strong dealmaking drives profit beat
Wells Fargo's profit beat expectations in the fourth quarter, powered by a rebound in dealmaking activity and forecast it ...
Wells Fargo's Fourth-Quarter Profit Tops Estimates
Wells Fargo reported earnings per share of $1.43 for the fourth quarter, beating Wall Street’s consensus estimate of $1.35. A ...
Wells Fargo, Goldman Sachs, and Citigroup Are All Soaring. Here's Why.
The stock market was having a strong day on Wednesday, with the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ...
Wells Fargo CFO says office CRE fundamentals ‘remain weak’
Wells Fargo's quarterly earnings call included discussion of what the eventual lifting of the Fed-imposed asset cap would ...
These Stocks Are Moving the Most Today: JPMorgan, Wells Fargo, Goldman, Citigroup, BlackRock, Quantum Computing, and More
Stocks held onto a rally Wednesday as core U.S. consumer price inflation was cooler than expected in December and some of the ...
Wells Fargo shares jump after earnings beat, strong 2025 guidance
The lender expects 2025 net interest income, a key measure of what a bank makes on lending, to be 1% to 3% higher than 2024’s ...
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Wells Fargo keeping focus on independent advisors in 2025
Wells Fargo & Co.’s multi-year plan to support and build its independent broker and advisor channel is to keep on rolling in ...
Wells Fargo (WFC) Q4 2024 Earnings Call Transcript
Welcome, and thank you for joining the Wells Fargo fourth-quarter 2024 earnings conference call. All lines have been placed ...