Wells Fargo CEO Apologizes For Memo Comment On Black Talent Pool Wells Fargo CEO Charlie Scharf has apologized after he blamed the lack of diversity at the San Francisco-based bank on "a very limited pool of Black talent to recruit from."
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%.
Wells Fargo Tells Employees To Delete TikTok From Company DevicesWells Fargo has banned the social media app TikTok from company devices amid what it says are concerns about security.
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.
Wells Fargo Agrees To Pay $3 Billion Settlement In Fake Accounts ScandalWells Fargo has agreed to pay $3 billion to settle a series of investigations into "unlawful sales practices and pressure tactics in which it deceived millions of clients," the federal authorities announced Friday.
2nd Wells Fargo Bank Robbed In Berkeley In A WeekA Berkeley bank was robbed late Monday afternoon, police said. Officers responded at 4:22 p.m. to the Wells Fargo bank at 1800 Solano Ave. after someone reported a robbery.
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 Bank Robbed In Downtown BerkeleyA Wells Fargo bank in Berkeley was robbed Wednesday afternoon, police said.
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.
Former Wells Fargo Teller Alleges Manager Drugged, Raped HerA former bank teller is suing Wells Fargo and the man who managed a San Francisco branch where she worked, alleging that he took the then-20-year-old woman out for drinks, then drugged and raped her in 2018.
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.
Armored Car Robbed Outside Of Bank In Oakland; 2 Suspects SoughtPolice were looking for two suspects after an armored car was robbed outside a bank in Oakland Thursday morning.
Wells Fargo Agrees to Pay $385 Million to Settle Car Loan LawsuitSan Francisco-based Wells Fargo has agreed to pay at least $385 million to settle a California lawsuit alleging it signed up thousands of auto loan customers for costly car insurance without their consent.