Aside from the Great Recession and the bank failures of last year, few issues in the recent banking era have been more ...
I did not think that the Wells Fargo fraudulent accounts scandal could get worse for the bank. Boy was I wrong. Last week, in a Press Release, the Department of Justice (DOJ) announced a that ...
saw Sloan retire following a major scandal over fake customer accounts set up by employees to reach sales goals. Sloan said Wells Fargo promised him multiple stock awards and bonuses, according to ...
Sloan, 69 became Wells Fargo’s chief executive weeks after the bank’s 2016 fake-account scandal made headlines, where customer accounts were created by staffers to meet sales goals.
Former Wells Fargo chief executive John Stumpf is to pay $17.5m (£13.3m) to settle charges over the bank's fake accounts scandal. He was also banned from working in the financial industry "in any ...
As the bank’s chief security officer, Michael Bacon spent years raising concerns about rampant sales abuses. In exclusive interviews, he details how the bogus-accounts scandal unfolded — and argues ...
Wells Fargo has fired thousands of employees and incurred fines totaling $185 million because of a widespread practice of employees opening new accounts for existing customers without their ...
After Wells Fargo was mired in a 2013 scandal over employees who opened millions of fake banking accounts, the bank created a new centralized unit to review customer complaints and employees ...
Wells Fargo's stock took a substantial hit when the fake accounts were first made public, hitting a 52-week low of $43.55 last year. "Fallout from the sales fraud/other missteps created above ...