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wells fargo

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Nation Sep 23

Wells Fargo CEO apologizes for comments about finding qualified Black applicants

By Associated Press

Economy Apr 08

Fed eases limit on Wells Fargo to make more small business loans

The Federal Reserve is lifting its lending restrictions on Wells Fargo after some of the bank's thousands of small business customers were shut out of a program that's supposed to throw them a financial lifeline.

By Ken Sweet, Associated Press

World Feb 21

Watch 5:17
News Wrap: WHO warns of closing window to contain novel coronavirus

In our news wrap Friday, the World Health Organization warns the window of opportunity to contain the international spread of novel coronavirus is closing. South Korea has become the latest front in the outbreak, with officials declaring a health emergency…

Economy Feb 21

A man walks by an ATM at the Wells Fargo & Co. bank in downtown Denver. Photo by Rick Wilking/Reuters
Wells Fargo to pay $3 billion to resolve disputes over unauthorized accounts

The $3 billion will settle criminal and civil investigations into a long-running practice whereby company employees opened millions of unauthorized bank accounts in order to meet unrealistic sales goals.

By Ken Sweet, Stefanie Dazio, Associated Press

Nation Dec 28

A man walks by an ATM at the Wells Fargo & Co. bank in downtown Denver. Photo by Rick Wilking/Reuters
Wells Fargo pays $575 million to settle state investigations into fake accounts

The bank has been under a cloud since 2015 when it acknowledged that employees had opened millions of fake bank accounts for customers in order to meet sales goals.

By Associated Press

Apr 20

Wells Fargo fined $1 billion for mortgage, auto lending abuses

By Ken Sweet, Associated Press

Wells Fargo will pay $1 billion to federal regulators to settle charges tied to its mortgage and auto lending business, the latest chapter in a wide-ranging scandal at the banking giant. However, it appears that none of the $1 billion…

Continue reading

Apr 13

Wells Fargo acknowledges federal settlement offer of $1 billion

By Associated Press

The consumer banking giant continues to navigate several investigations related to the opening of fake customer accounts, forcing customers to take unnecessary auto insurance policies, unfairly charging fees tied to mortgage rates and other matters.

Continue reading

Oct 19

California launches Wells Fargo criminal investigation over fake accounts

By Kristen Doerer

The California Department of Justice has launched a criminal investigation into Wells Fargo, which was fined $185 million for illegal banking practices last month.

Continue reading

Oct 12

Embroiled in scandal, Wells Fargo CEO resigns

By Kristen Doerer

John Stumpf has stepped down as CEO and chairman of Wells Fargo. The bank’s president Tim Sloan will take over as CEO immediately.

Continue reading

Sep 29

Wells Fargo CEO faces lawmakers, apologizes again

By Marcy Gordon, Associated Press

Wells Fargo's CEO, newly stripped of tens of millions in compensation, will face lawmakers with more defenses than he had in the last round.

Continue reading

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