Wells Fargo Chairman Stepping Down, To Be Replaced By 1st-Ever ChairwomanThe San Francisco-based bank announced Tuesday that Elizabeth Duke would become its chairwoman on January 1, replacing Stephen Sanger and making her the first woman to hold the position at a major Wall Street bank.
'Smiling Face Bandit' Sought In San Francisco Wells Fargo Bank RobberiesFederal investigators released a series of photos Monday of a serial bank robbery suspect they have named the "Smiling Face Bandit' who has robbed several San Francisco Wells Fargo banks
Wells Fargo Warns Expanded Sales Review May Show More Unauthorized AccountsWells Fargo has been trying to repair its reputation after admitting last fall that employees opened as many as 2 million accounts without getting customers' permission.
Wells Fargo To Repay $80M After Forcing Auto Insurance On BorrowersWells Fargo Bank admits that its auto insurance activity may have contributed to defaults that led to customers' vehicles being repossessed.
Lawyers: Wells Fargo Created About 3.5 Million Fake AccountsLawyers suing Wells Fargo on behalf of customers say the bank may have opened about 3.5 million unauthorized accounts.
Wells Fargo Faces Protesters In 1st Shareholder Meeting Since ScandalWells Fargo's top management and board of directors apologized to investors and faced a series of protesters Tuesday at the first big shareholder meeting since a scandal over sales practices led to an executive shake-up, fines and a dented reputation.
Wells Fargo Board Faults 'Aggressive Sales Culture' In Account ScandalAn investigation into sales practices at Wells Fargo has blamed the bank's most senior management for creating an "aggressive sales culture."
Wells Fargo Paying $110 Million In Lawsuit Over Fake Accounts ScandalWells Fargo says it will pay $110 million to settle a class-action lawsuit over up to 2 million accounts its employees opened for customers without getting their permission.
Wells Fargo ATMs To Allow Withdrawals Using SmartphonesWells Fargo plans to upgrade all 13,000 of its ATMs next week to allow customers to access their funds using their cellphones instead of traditional bank cards.
New Accounts Down In Wake Of Wells Fargo Fake Account ScandalWells Fargo is still seeing fewer people at its bank branches as well as a decline in checking-account openings as the scandal over its sales practices takes its toll.
Wells Fargo CEO Says Fixing Fake Accounts Will Take MonthsWells Fargo CEO Tim Sloan said the company could need several more months to resolve customer damage tied to its massive sales practices scandal.
Four Senior Managers Fired In Wells Fargo Sales ScandalWells Fargo's board of directors fired four senior managers as part of its investigation into the bank's sales practices scandal.