Sponsored by
Latest
Topics
Topics
Accounting & Tax
Corporate Finance
Human Capital
Risk & Compliance
Strategy
Technology
Featured
People
CFOs On the Move: Week Ending March 24
Ally Financial, NFL, Papa Johns, Overair, LastPass, Curbio, Hinge Health, Momnt, Sealed Air, Infobip
By
Lauren Muskett
| March 24, 2023
Read More
Resources
Reports
Reports
2023
2022
Featured
People
CFOs On the Move: Week Ending March 24
Ally Financial, NFL, Papa Johns, Overair, LastPass, Curbio, Hinge Health, Momnt, Sealed Air, Infobip
By
Lauren Muskett
| March 24, 2023
Read More
Sign Up
Menu
Reports
2023
2022
Topics
Accounting & Tax
Corporate Finance
Human Capital
Risk & Compliance
Strategy
Technology
Explore
Search
Latest
Resources
Sign Up
Sponsored by
fake accounts
Leadership
Wells Fargo Cancels Ex-CEO’s $15M Stock Award
The bank indicated Tim Sloan did not do enough to resolve the regulatory problems it faced in the wake of its fake-accounts scandal.
By
Matthew Heller
| March 17, 2020
Read More
Risk & Compliance
Wells Fargo Fined $3B Over Fake-Accounts Scandal
“This case illustrates a complete failure of leadership at multiple levels within the bank," a prosecutor says.
By
Matthew Heller
| February 24, 2020
Read More
Risk & Compliance
Former Wells Fargo CEO Banned From Banking
A regulator also fined John Stumpf $17.5 million for failures of leadership that contributed to the bank's fake-accounts scandal.
By
Matthew Heller
| January 24, 2020
Read More
Financial Performance
Wells Fargo Misses Estimates as Profit Falls 55%
The bank's new CEO pledges to “make the fundamental changes necessary to regain the full trust and respect of all stakeholders."
By
Matthew Heller
| January 15, 2020
Read More
Financial Performance
Wells Fargo Profit Jumps 20%, Beats Estimates
The bank's shares fell 3% as net interest income dropped and it warned that 2019 expenses will be near the high end of its target.
By
Matthew Heller
| July 16, 2019
Read More
M&A
Wells Fargo to Sell Retirement Unit for $1.2B
The sale to Principal Financial reflects Wells Fargo strategy of divesting smaller business lines in the wake of its fake-accounts scandal.
By
Matthew Heller
| April 9, 2019
Read More
Financial Performance
Wells Fargo Profit Gets Boost From Cost Cutting
The bank's third-quarter results "reflect the transformational changes we've been making at Wells Fargo," CEO Tim Sloan says.
By
Matthew Heller
| October 12, 2018
Read More
Risk Management
Management Shakeup Continues at Wells Fargo
Four risk management executives are retiring as part of the bank's reorganization in the wake of its fake-accounts scandal.
By
Matthew Heller
| March 23, 2018
Read More
Financial Performance
Tax Savings Fuel Wells Fargo Q4 Earnings Beat
The bank is still struggling to put the fake-accounts scandal behind it, taking a $3.25 billion pre-tax expense for anticipated legal costs.
By
Matthew Heller
| January 15, 2018
Read More
M&A
Litigation Costs Put Dent in Wells Fargo Profit
The beleaguered bank's shares fall 2.7% after it reports Q3 net income fell to $4.6 billion from $5.6 billion one year ago while EPS misses estimates.
By
Matthew Heller
| October 13, 2017
Read More
Fraud
Wells Fargo Reports More Problem Accounts
The bank says it may have created up to 3.5 million accounts without customers’ authorization, well in excess of its previous 2.1 million estimate.
By
Matthew Heller
| September 1, 2017
Read More
Financial Performance
Wells Fargo Earnings Hit by Accounts Scandal
The bank reported net income was flat at $5.5 billion for the first quarter while revenue fell to $22 billion from $22.6 billion a year earlier.
By
Matthew Heller
| April 13, 2017
Read More