Wells Fargo Lost $2.4B Last Quarter, Likely To Cut Dividend For 1st Time Since Great RecessionWells Fargo swung to its first quarterly loss since the Great Recession, forcing the struggling San Francisco-based bank to warn it will likely slash its coveted dividend by 80%.
Fed Temporarily Takes Shackles Off Wells Fargo, Freeing It To Help Small BusinessesThe Federal Reserve is temporarily letting Wells Fargo out of the penalty box.
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 4Q Profit Slides, Hurt By Lower Interest RatesWells Fargo's net income tumbled in the fourth quarter, weighed down by hefty costs and a lower interest rate environment.
Wells Fargo 3Q Profit Falls 23%, Revenue Rises SlightlyWells Fargo's net income in the third quarter fell 23% to $4.61 billion, as the banking giant struggles to get past scandals over sales practices in its retail division.
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.
Wells Fargo 2Q Results Beat Street EstimatesWells Fargo reported better-than-expected earnings despite lower interest income in the second quarter, a potential concern for investors with a Fed interest rate cut likely on the horizon.
Wells Fargo To Need Federal Approval For Next CEO PickWells Fargo will need the US government's blessing before the bank headquartered in San Francisco can pick its next CEO.
Wells Fargo Bottom Line Grows In Q1 Despite Shrinking Deposits, LoansWells Fargo's lending and deposits continue to shrink but the crisis-stricken bank managed to grow its bottom line during the first quarter.
Wells Fargo CEO Tim Sloan Steps Down After Rocky TenureWells Fargo Chief Executive Tim Sloan is stepping down, effective immediately, after less than four years on the job.
Wells Fargo CEO Tim Sloan Faces An Angry CongressCEO Tim Sloan's contentious hearing in front of the House Financial Services committee indicates that Wells Fargo isn't out of the dog house yet.
Wells Fargo Extends Hours As Outage Frustrates Customers For 2nd DayWells Fargo bank on Friday was attempting to recover from a massive outage that impacted online banking, mobile apps and ATMs, but many customers still reported issues for a second day.
Wells Fargo Reports Online Banking, Mobile App OutagesCustomers of San Francisco-based Wells Fargo bank are experiencing outages in online banking and mobile app services Thursday morning.
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.