Bloomberg L.P.1mon
Ex-Wells Fargo Executives Face Millions in Fines for Misconduct
The Office of the Comptroller of the Currency fined three former Wells Fargo & Co. executives ... the lender’s executive audit director, whose fine was $1.5 million.
Benefits Pro8d
SEC fines Wells Fargo $35M, Merrill Lynch $25M for ‘cash sweep’ violations
Both brokerage firms moved a customer’s uninvested cash from a brokerage account into an interest-bearing account, violating ...
Two more Wells Fargo federal consent orders terminated. But growth cap remains for now
In 2020, the bank agreed to pay a $3 billion fine to federal prosecutors and the SEC over its practices. Also that year, 11 former Wells Fargo senior executives were charged by the comptroller’s ...
USA Today29d
Wells Fargo scandal: US bank regulator fines three former executives over fake accounts
A U.S. banking regulator said on Tuesday it had fined three former executives at Wells Fargo WFC.N for their roles in the bank's long-running fake accounts scandal. The Office of the Comptroller ...
Winston-Salem Journal1mon
Wells Fargo fraudulent customer account scandal resurfaces with three more former executives drawing OCC fines
The fine was reduced from an initial $25 million. Tolstedt was fired retroactively with cause by Wells Fargo shortly after the scandal erupted publicly in September 2016. The OCC has said ...
AI Will Affect Nearly ‘Every Part’ of Wells Fargo, CFO Says
The bank has “dozens and dozens of different use cases” that are being piloted in various parts of the company, finance chief ...