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If you’re sick of hearing about my obsession with Taco John’s, I get it. Feel free to catch me next time. But for those who, ...
For Wells Fargo, nearly a decade’s worth of scandals, federal regulatory action and a $1.95 trillion asset cap limiting the bank’s growth had its roots in 2016.
The Federal Reserve said it has removed restrictions it had placed on Wells Fargo, the prominent San Francisco bank that has sought to move past a series of scandals in the last decade.
Wells Fargo & Co. shares are rising in Tuesday's after-hours session after the company announced it's no longer subject to asset growth restrictions imposed in 2018.
Wells Fargo’s history of fines, fraud, ... Eight settled, paying over $43 million in civil penalties, including former CEO John Stumpf who was ordered to pay $17.5 million.
Freedom to grow. It has been a lost decade for Wells Fargo. Nearly 10 years ago, the commercial banking powerhouse disclosed it had opened millions of unauthorized customer accounts to pad growth ...
Wells Fargo chose Scharf as CEO in 2019 after a six-month search mired in controversy. His two predecessors, Tim Sloan and John Stumpf, were ousted in the wake of the sales practices scandal that ...
Wells Fargo is out of the penalty box, more than seven years after regulators put limits on growth in response to a fake-accounts scandal. Investors are relieved, sending Wells Fargo shares up 3% ...
The Federal Reserve has lifted restrictions imposed on Wells Fargo's growth seven years ago following a series of scandals, including one where staff set up fake accounts.
"We are a different and far stronger company today because of the work we’ve done,” said Wells Fargo CEO Charlie Scharf in a statement. Scharf also announced that each of the 215,000 employees ...