Former Wells Fargo CEO John Stumpf Fined $17.5M For Sales ScandalFederal regulators have slapped former Wells Fargo Chief Executive John Stumpf with a $17.5 million fine for his role in the bank's sales practices scandal.
Wells Fargo Appoints Charles Scharf As CEO, Wall Street CheersWells Fargo named its third CEO in as many years as the bank attempts to put behind it a series of recent scandals.
Hampered By Scandals, Wells Fargo's Profits StagnateWells Fargo, the San Francisco-based consumer banking giant, said its fourth-quarter profits fell slightly on Tuesday as the bank remains restrained by federal regulators, who put a tight leash on it after years of scandals and missteps.
Wells Fargo Has Splurged On Stock Buybacks Since Fake-Accounts ScandalWells Fargo shelled out $7.4 billion to repurchase its stock in the third quarter, nearly triple what it spent the year before.
Wells Fargo 2Q Earnings Fall As Impact Of Scandals LingerWells Fargo & Co., which has been mired in investigations related to its business practices since 2016, said Friday that its second-quarter earnings fell to $5.19 billion from $5.86 billion a year ago.
Wells Fargo Accused Of Misconduct AgainWells Fargo is once again being accused of misconduct, this time because it allegedly used complex financial investments to take advantage of mom-and-pop investors.
Wells Fargo Will Pay $480 Million To Settle Securities Fraud LawsuitWells Fargo will pay $480 million to put to rest claims that the bank misled shareholders about its fake-accounts scandal.
Wells Fargo Now Says 3.5 Million Impacted By Fake Accounts ScandalWells Fargo is now saying 3.5 million customers were impacted by its fake accounts scandal, a dramatic increase from the 2.1 million accounts it originally estimated.