State Attorney General Launches Wells Fargo Criminal InvestigationCalifornia's attorney general has launched a criminal investigation of Wells Fargo in wake of a growing scandal over bank's sales practices.
After Scandal, Wells Fargo Faces Long, 'Lumpy' Road To RecoveryInvestors expect Wells to survive the recent scandal but the bank's recovery will be long and arduous.
Wells Fargo CEO John Stumpf Resigns In Wake Of Fake Accounts ScandalWells Fargo CEO John Stumpf will resign, effective immediately, in wake of scandal over bank's sales practices, the bank announced Wednesday.
Bay Area Congressman Proposes Higher Taxes For Companies With Skyrocketing CEO PayA Congressman in the San Francisco Bay Area is proposing federal legislation that would tax publicly-owned companies with "excessive" CEO pay more than other companies.
Illinois Pulls $30 Billion In Business From Wells FargoIllinois state Treasurer Michael Frerichs suspended $30 billion in state investment activity with Wells Fargo on Monday, joining a swelling chorus of outrage over the phony accounts scandal.
Lawmakers Question Wells Fargo 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.