Tim Sloan

Wells Fargo Cancels Ex-CEO’s $15M Stock Award
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
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Wells Fargo Shares Dip 3% on Profit Outlook
Financial Performance

Wells Fargo Shares Dip 3% on Profit Outlook

The bank's Q1 earnings beat estimates but it reduced its net interest income guidance for 2019 to a 2% to 5% decline.
By Matthew Heller | April 12, 2019
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Wells Fargo Reaches Settlement to Resolve State Investigations
Risk & Compliance

Wells Fargo Reaches Settlement to Resolve State Investigations

The bank will pay $575 million to resolve claims related to fake accounts and improper fees.
By William Sprouse | January 1, 2019
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Wells Fargo Profit Gets Boost From Cost Cutting
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
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Wells Misses Estimates With Broad Weakness
Financial Performance

Wells Misses Estimates With Broad Weakness

Bank executives point to progress in cost-cutting initiatives as evidence that Wells Fargo's turnaround effort is on track.
By Matthew Heller | July 13, 2018
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Tax Savings Fuel Wells Fargo Q4 Earnings Beat
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
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Litigation Costs Put Dent in Wells Fargo Profit
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
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Wells Fargo Reports More Problem Accounts
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
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Wells Fargo Earnings Hit by Accounts Scandal
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
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SEC Joins Scrutiny of Wells Fargo Sales Practices
Risk & Compliance

SEC Joins Scrutiny of Wells Fargo Sales Practices

The bank discloses another investigation of the sham-accounts scandal that has sparked customer outrage and a $185 million settlement.
By Matthew Heller | November 3, 2016
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