Wells Fargo Could Face New Regulatory Sanctions Over Pace of Restitution September 1, 2021 By Hannah Levitt Five years into scandals that have already cost Wells Fargo & Co. more than $5 billion in fines and legal...
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 to Pay $1 Billion Fine for Mortgage, Insurance Sales Abuses April 23, 2018 By Patrick Rucker Wells Fargo & Co. will pay $1 billion to settle with U.S. regulators who say the bank wrongly layered insurance...
Judge Denies Wells Fargo Bid to Dodge Shareholder Lawsuit February 28, 2018 By Kartikay Mehrotra A federal judge denied Wells Fargo & Co.’s request to dismiss a shareholder lawsuit triggered by the bank’s plummeting stock...
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...
Wells Fargo Nears $142 Million Consumer Settlement Over Fake Accounts July 11, 2017 A California judge has granted a preliminary approval for Wells Fargo & Co.’s agreement to pay $142 million, and perhaps...
Wells Fargo Settles Sham Account Claims for $110 Million March 29, 2017 Wells Fargo & Co. said it agreed to pay $110 million to settle a lawsuit by customers challenging its opening...