Wells Fargo to Pay $3B to U.S. to Settle Fake Accounts Scandal February 24, 2020 By Chris Prentice, Pete Schroeder and Imani Moise Wells Fargo & Co. has agreed to pay $3 billion to resolve criminal and civil probes into fraudulent sales practices...
Wells Fargo Agrees to Halt Forced Arbitration for Sex Harassment Claims February 13, 2020 By Imani Moise Wells Fargo & Co. on Wednesday ended its forced arbitration policy for employee sexual harassment claims, opening the lender to...
Holiday Parties for Health, Liability-Conscious Wall Street Firms Feature Smoothies, Yoga December 18, 2019 By Lawrence Delevingne and Imani Moise Fruit smoothies may become the new martini for Wall Street holiday parties. Banking and trading firm BTIG LLC, for example,...
Brake Complaints Cause Lyft to Replace 3,000 Electric Bikes in 3 Cities April 15, 2019 By Imani Moise Lyft Inc. is removing several thousand electric bikes from service in its bike-share program in New York, Washington and San...
Meeting Between Regulators, Employees Helped Set Stage for Wells Fargo CEO Exit April 9, 2019 By Imani Moise and Pete Schroeder The day after former Wells Fargo & Co. Chief Executive Tim Sloan told U.S. lawmakers he was transforming the bank’s...
Wells Fargo CEO Grilled at Congressional Hearing Probing Customer Abuse Scandal March 12, 2019 By Imani Moise and Pete Schroeder Democratic and Republican lawmakers on Tuesday pressed Wells Fargo & Co Chief Executive Tim Sloan for proof the bank has...
Wells Fargo to Pay States $575 Million in Sales Abuse Claims December 28, 2018 By Imani Moise Wells Fargo & Co. will pay $575 million to settle claims made by U.S. states that the bank created phony...
Fed Chair Says Wells Fargo Must Address Risk Management Before Any Growth December 11, 2018 By Patrick Rucker and Imani Moise Wells Fargo & Co. must keep a lid on its growth until the bank has hardened its risk management policies...
Wells Fargo Seeks to Limit Payout for Faulty Auto Insurance Plan November 26, 2018 By Patrick Rucker and Imani Moise Wells Fargo & Co. is fighting to shut some customers out of a sweeping plan to compensate around 600,000 drivers...
Merrill Lynch Reverses Broker Fiduciary Rule Policy September 5, 2018 By Imani Moise Bank of America Corp.’s wealth management arm Merrill Lynch is reintroducing brokerage capabilities to its retirement accounts, reversing a policy...