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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 ...
The bank has 4.5% more consumer checking accounts, even after including a small drop in September in the wake of the scandal, and more of Wells Fargo's customers now have a credit card with the bank.
When the Federal Reserve in June lifted the $1.95 trillion asset cap it imposed on Wells Fargo back in 2018 as punishment for a widespread scandal involving the creation of fake customer accounts, CEO ...
Wells Fargo, in the mind of the consumer, has fully joined consumer-unfriendly mega-borg banks like BAC and JPM/Chase. Leaving it in it's current state invites more fraud at all levels.
The account opening scandal at Wells Fargo could cost shareholders $7.4B or more in lost market value. The investigations and resulting operational changes at the company will likely impact the ...
As a matter of fact, “Wells Fargo scandals” is on the top of search engine results. The Comptroller of Currency (OCC) has just fined the bank $250 million for unsafe or unsound practices ...
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.
Wells Fargo scandal reignites debate about big bank culture By Olivia Oran September 29, 20162:06 AM PDTUpdated September 29, 2016 ...
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.
On August 31st a new report on the initial scandal increased the number of potentially unauthorised accounts from 2.1m to 3.5m (excluding the years from 2002 to 2009, which could not be examined ...
A plunging stock price amid a corporate scandal can sometimes offer investors a long-term buying opportunity -- but in the case of Wells Fargo (WFC 0.86%), the road to redemption looks long and bumpy.
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