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.
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.
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.
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."
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.
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.
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.
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.
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.
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.
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.