Equifax, Wells Fargo May Still Face Class Actions Despite Wall Street Arbitration Win October 26, 2017 By David Henry and Dan Freed Not every financial firm will be able to reap the benefit of Wall Street’s victory in dismantling the threat of...
Senators Quiz Wells Fargo CEO, Express Doubt Bank Will Change Ways October 4, 2017 By Patrick Rucker and Dan Freed U.S. senators slammed Wells Fargo & Co. Chief Executive Tim Sloan on Tuesday for his handling of a massive sales...
Wells Fargo CEO to Face Senators Over Consumer Lending, Auto Insurance Sales Scandals October 3, 2017 By Dan Freed and Patrick Rucker Wells Fargo & Co. CEO Tim Sloan will be questioned about sales practices, mischarging customers for auto insurance, and complaints...
Fed Proposal Would Hike Capital Requirements to Discourage ‘Too Big to Fail’ November 16, 2016 By Dan Freed Minneapolis Federal Reserve President Neel Kashkari unveiled a plan on Wednesday to prevent future government bailouts by forcing the largest...
Wells Fargo Facing Disclosure Questions Over ‘Phantom’ Sales Scandal September 16, 2016 By Dan Freed and Ross Kerber A phantom account scandal at Wells Fargo & Co. has put the U.S. bank’s disclosure policies under a harsh spotlight....
Republican Plan Would Scrap Much of Dodd-Frank Financial Regulation June 8, 2016 By Dan Freed The chair of the U.S. House Financial Services Committee has proposed getting rid of much of the regulation put in...
Wells Fargo Renews Hunt for Insurance Brokerages to Buy December 21, 2015 By Dan Freed Wells Fargo & Co is restarting efforts to expand its insurance brokerage business through acquisitions after previously announced M&A aspirations...