wells fargo

Wells Fires Slew Of Retail Bank District Managers
Wells Fires Slew Of Retail Bank District Managers
December 06, 2018  |  Banking

Wells Fargo has revealed that it is firing around three dozen district managers due to the retail banking scandal that happened more than two years...

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US Looks For Int’l Support On Crypto-Linked Crime
US Looks For Int’l Support On Crypto-Linked Crime
November 26, 2018  |  Regulation

The United States, through U.S. Deputy Attorney General Rod Rosenstein, is seeking to gain international support in dealing with crimes tied to digital currencies. “We...

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Wells Fargo Balks At Auto Loan Scandal Compensation Remedy
Wells Fargo Balks At Auto Loan Scandal Compensation Remedy
November 23, 2018  |  Regulation

Wells Fargo is trying to avoid compensating all of the 600,000 drivers affected by its auto loan scandal. In June, Wells Fargo submitted a plan...

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Rep. Waters Eyes More Oversight Of Wells Fargo, Deutsche Bank
Rep. Waters Eyes More Oversight Of Wells Fargo, Deutsche Bank
November 13, 2018  |  Bank Regulation

Rep. Maxine Waters, the Los Angeles congresswoman, is expected to set her sights on Wells Fargo and Deutsche Bank when she becomes head of the...

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OCC Warns Wells Fargo Over Tech, Security Issues
OCC Warns Wells Fargo Over Tech, Security Issues
November 06, 2018  |  Bank Regulation

Wells Fargo’s regulatory woes continue. According to a report in The Wall Street Journal on Wednesday (Nov. 7), the bank in “recent weeks” has been sent a...

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Wells Fargo Found More Customers Who Were Wrongly Foreclosed
Wells Fargo Found More Customers Who Were Wrongly Foreclosed
November 06, 2018  |  Loans

Wells Fargo said Tuesday (Nov. 6) that an underwriting error internally prompted it to reject home loan modifications, which resulted in the bank foreclosing on...

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Chief Administrative Officer, Chief Auditor At Wells Fargo Take Leaves Of Absence
Chief Administrative Officer, Chief Auditor At Wells Fargo Take Leaves Of Absence
October 25, 2018  |  Banking

Wells Fargo announced Wednesday (October 25) that its chief administrative officer Hope Hardison and chief auditor David Julian have begun leaves of absence from the...

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Wells’ ‘Cross-Selling’ Biz Draws $65M Fine
Wells’ ‘Cross-Selling’ Biz Draws $65M Fine
October 23, 2018  |  Regulation

The New York Attorney General announced that Wells Fargo & Company has agreed to pay a $65 million fine in connection with its “cross-sell” business...

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Wells Fargo’s Q3 Beats On Revenues, Falls Short On Earnings
Wells Fargo’s Q3 Beats On Revenues, Falls Short On Earnings
October 12, 2018  |  Earnings

As Wells Fargo seeks to cut costs while retooling its business for the age of digital banking, the company reported slightly better than expected revenues,...

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