In a town hall meting last night, Wells Fargo’s new CEO Timothy Sloan admitted the bank had found “some instances” where reports by employees of bad...
In the wake of the fake account scandal at Wells Fargo, companies are rethinking how they compensate salespeople, reported The Wall Street Journal. Get the Full...
Wells Fargo’s new CEO Tim Sloan said on Thursday that a comprehensive review of the bank’s sales practices will be done ‘relatively quickly’ before unveiling the...
Wells Fargo disclosed Thursday (Nov. 3) it is raising the amount of money it set aside for legal fees due to the fake account scandal...
Embattled bank Wells Fargo has entered a settlement through which the firm will pay as much as $50 million tied to a racketeering lawsuit that...
Sen. Elizabeth Warren (D-MA) has reportedly sent a letter to KPMG, Wells Fargo’s auditor, questioning why the accounting firm did not catch the fake accounts...
In the fallout of Wells Fargo’s scandal over unauthorized customer accounts, regulators may force publicly-traded banks to adhere to in-person of sales practices and procedures....