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As if Wells Fargo's poor showing Tuesday as Chairman and CEO John Stumpf appeared before the Senate Banking Committee wasn't bad enough, the unfolding scandal looks even worse as more former ...
Wells Fargo & Co.’s sales-tactics scandal is crimping its branch business, with the bank disclosing product-specific metrics for the first time Friday as it reported third-quarter earnings.
Wells Fargo & Co on Friday reported a 31% decline in third-quarter profit as the bank racked up costs related to a fake accounts scandal and boosted its loan loss reserves in preparation for a ...
Those are code words for Wells Fargo, and the up to 2 million accounts that its employees opened without customer permission as they sought to meet unrealistic sales goals.
The Wells Fargo financial scandal in 2016 diminished consumer trust in traditional banks while driving homebuyers to fintech lenders for mortgages, a University of California, Davis study suggests.
Wells Fargo is trying to figure out what retail banking products and services could look like after the bank moves past the scandal impact. "Candidly, it's one we're wrestling with," he said.
The asset cap was Wells Fargo's biggest penalty stemming from its 2016 fake accounts scandal. From 2002 to 2016, thousands of Wells Fargo's Community Bank employees opened millions of unauthorized ...
Wells Fargo is still trying to move beyond the 2016 fake-accounts scandal. It's harder than it looks.
After an investigation by The Los Angeles Times in 2016, Wells Fargo shut down its sales culture and fired much of its leadership and board of directors. The fake accounts scandal cost Wells Fargo ...
Last year, Wells Fargo hired an outsider, former Visa (V) CEO Charlie Scharf, to try to get the bank back on track after years of stumbles. Wells Fargo declined to comment on the SEC charges.
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