Lawmakers Question Wells CEO On Sale Of Bank StockAngry lawmakers heaped another round of blistering criticism on Wells Fargo's CEO John Stumpf Thursday.
State Withdraws Business From Wells Fargo Claiming Wells Fargo had fleeced its customers, California Treasurer John Chiang announced tough sanctions Wednesday on the banking giant.
Wells Fargo CEO Forfeits $41 Million In Stock Awards Over Fake Accounts ScandalWells Fargo says CEO John Stumpf and the executive who ran the bank's retail banking division will forfeit tens of millions of dollars in pay as the bank tries to stem a scandal over its sales practices.
Shareholder Sues Wells Fargo Over Phony Accounts Scandal, Systemic FailuresA longtime shareholder sued Wells Fargo Bank executives for allegedly incentivizing misconduct and breaching their fiduciary duties when they allowed millions of accounts to be opened without customers' permission.
Senators Slam Wells Fargo CEO Over Unauthorized AccountsThe CEO of Wells Fargo says he is "deeply sorry" as he speaks before a congressional panel about allegations that employees opened millions of unauthorized accounts to meet aggressive sales targets.
Wells Fargo CEO To Testify Before Congress About Phony Accounts ScandalWells Fargo Bank CEO John Stumpf is expected to testify before Congress in response to allegations that the bank allegedly opened over two million phony accounts without customers' approval.
Bank Employees Say Wells Fargo Not The Only Bank With Abusive PoliciesBank employees say SunTrust, Chase Bank, Bank of America, and U.S. Bank also carry out questionable and predatory sales policies.
Wells Fargo Fined $185 Million For Fake Accounts Used To Meet Sales GoalsCalifornia and federal regulators fined Wells Fargo a combined $185 million on Thursday, alleging the bank's employees illegally opened millions of unauthorized accounts for their customers in order to meet aggressive sales goals.
12-Year-Old Boy Stabbed During Bank Robbery 'Doing Well'A 12-year-old boy who was stabbed by an erratic woman trying to rob bank customers in San Leandro on Monday is recovering from surgery and "doing well," a police lieutenant said Tuesday.
Woman Who Stabbed Boy During San Leandro Bank Robbery IdentifiedA enraged, knife-wielding female bank bandit stabbed a 12-year-old boy three times in the back before robbing a customer of a "few hundred dollars" at a San Leandro Wells Fargo bank branch Monday morning.
Judge Approves $1.2 Billion Wells Fargo Settlement In Mortgage CaseA judge in New York has given final approval to a deal calling for Wells Fargo Bank to pay $1.2 billion to the government to settle claims against it for improper mortgage lending practices.
Wells Fargo To Pay $8.5 Million Settlement For Recording Customers’ CallsWells Fargo Bank will pay $8.5 million to settle a lawsuit in Los Angeles alleging it was too slow to notify customers that phone calls were being recorded.