fake account scandal

Wells Ups Estimates Of Legal Losses To $3.1B
Wells Ups Estimates Of Legal Losses To $3.1B
May 05, 2019  |  Bank Regulation

Wells Fargo, the embattled national bank, is reportedly upping the money it may lose from legal actions, reported The Wall Street Journal. The report, citing...

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Chief Administrative Officer, Chief Auditor At Wells Fargo Take Leaves Of Absence
Chief Administrative Officer, Chief Auditor At Wells Fargo Take Leaves Of Absence
October 25, 2018  |  Banking

Wells Fargo announced Wednesday (October 25) that its chief administrative officer Hope Hardison and chief auditor David Julian have begun leaves of absence from the...

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OCC Head Wants To Loosen Regulatory Rules Placed On Wells Fargo
OCC Head Wants To Loosen Regulatory Rules Placed On Wells Fargo
October 31, 2017  |  Regulation

In banking news, Keith Noreika, the acting U.S. Comptroller of the Currency, is trying to make it easier for Wells Fargo to pay employees when...

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Wells Fargo CEO Bullish On The Future
Wells Fargo CEO Bullish On The Future
October 19, 2017  |  Security & Fraud

Tim Sloan, Wells Fargo’s chief executive officer, believes the embattled bank will recover the growth it lost from its fake account scandal. In an interview...

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Judge Tells Wells Board, Execs They Can Be Sued
Judge Tells Wells Board, Execs They Can Be Sued
October 06, 2017  |  Security & Fraud

Wells Fargo’s current and former executives and directors have to face most of the lawsuits lodged against the company and its executives by shareholders who...

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Wells Fargo Rehires Workers Fired In Fake Account Scandal
Wells Fargo Rehires Workers Fired In Fake Account Scandal
October 03, 2017  |  Security & Fraud

Wells Fargo, the embattled bank still reeling in the wake of a fake account scandal, has reportedly brought back more than 1,000 former employees, Reuters...

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CFPB Could Have Gotten A Lot More In Fines From Wells Fargo
CFPB Could Have Gotten A Lot More In Fines From Wells Fargo
September 20, 2017  |  Security & Fraud

Last year, Wells Fargo faced fines of as much as $10 billion from the Consumer Financial Protection Bureau, but instead settled for a fraction of...

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Federal Reserve Bank Of New York’s Dudley Runs Into Disclosure Trouble
Federal Reserve Bank Of New York’s Dudley Runs Into Disclosure Trouble
September 04, 2017  |  Regulation

Federal Reserve Bank of New York Head William Dudley has violated code of conduct rules, reported Reuters. Citing an investigation of potential conflicts of interest...

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Wells Fargo Nonexecutive Chairman Stephen Sanger Could Be Out
Wells Fargo Nonexecutive Chairman Stephen Sanger Could Be Out
August 11, 2017  |  Personnel

Wells Fargo, the embattled bank that is potentially dealing with a new scandal, is gearing up for a major overhaul that could result in Stephen...

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