Wells Fargo scandal: US bank regulator fines three former executives over fake accounts
The trio had been previously charged by the OCC in 2020, alongside other former senior leadership of the bank, but had opted not to settle.
Former Wells Fargo Executives Fined for Role in Fraudulent Bank Accounts
The executives have been fined a total of $18.5 million for their alleged roles relating to sales misconduct in the mid-2010s.
3 former Wells Fargo execs ordered to pay over $18 million in fake sales account scandal
Three former Wells Fargo executives must pay $18.5 million for their role in the bank’s widespread fake sales accounts scandal that came to light nearly a decade ago. Based in San Francisco, Wells Fargo has its biggest employee base in Charlotte,
Three more former Wells Fargo execs fined for sales practices scandal
Bank regulators say a new round of fines is the final enforcement action against former Wells Fargo executives after the sales practices scandal that came to light in 2016.
Wells Fargo fraudulent customer account scandal resurfaces with three more former executives drawing OCC fines
The fourth-quarter earnings report from Wells Fargo & Co. was overshadowed by the disclosure of three more former senior executives being fined a combined $18.5 million by the bank's federal
OCC fines three former Wells Fargo executives a combined $18.5 million
The Office of the Comptroller of the Currency issued fines amounting to $18.5 million to three former Wells Fargo executives in response to unsafe sales practices from 2013 to 2016.
Wells Fargo’s chief has 15 pieces of advice for the next generation of investors—and even beginners could take note
Wells Fargo’s chief investment officer of wealth and investment management, Darrell Cronk, just sent his clients a 15-point ...
Ball, Ardagh downgraded at Wells Fargo as alcohol cancer warning adds to woes
Ball (NYSE:BALL) and Ardagh Metal Packaging (NYSE:AMBP) on Thursday were downgraded by analysts at financial-services firm ...
Wells Fargo raises interest income forecast as strong dealmaking drives profit beat
Wells Fargo's profit climbed in the fourth quarter, buoyed by stronger investment banking earnings, it said on Wednesday.
Wells Fargo Shares Rise as Bank’s Cost-Cutting Efforts Take Hold
Wells Fargo & Co. took a $647 million severance charge in the fourth quarter, as Chief Executive Officer Charlie Scharf ...
Wells Fargo's Fourth-Quarter Profit Tops Estimates
Wells Fargo reported earnings per share of $1.43 for the fourth quarter, beating Wall Street’s consensus estimate of $1.35. A ...
Why investors seem giddy about once-troubled Wells Fargo
Wells Fargo CEO Charlie Scharf validates some of the optimism, telling analysts he feels "really great about our progress." ...
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Wells Fargo keeping focus on independent advisors in 2025
Wells Fargo & Co.’s multi-year plan to support and build its independent broker and advisor channel is to keep on rolling in ...
Consumer Spending Remains Strong, Says Wells Fargo Finance Chief
The overall health of the American consumer is generally strong, said Wells Fargo Chief Financial Officer Mike Santomassimo ...
Wells Fargo (WFC) Q4 2024 Earnings Call Transcript
Welcome, and thank you for joining the Wells Fargo fourth-quarter 2024 earnings conference call. All lines have been placed ...
Wells Fargo shares jump after earnings beat, strong 2025 guidance
The lender expects 2025 net interest income, a key measure of what a bank makes on lending, to be 1% to 3% higher than 2024’s ...
Karl-Anthony Towns and Jalen Brunson rep the Eagles at the Wells Fargo Center
Brunson, also known for his die-hard Eagles fandom, scored 38 points in the Knicks’ overtime win over the Sixers. During the ...