You Searched For "wells fargo scandal" and got 20 results
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2 mins read
Wells Fargo was fined $250 million by federal regulators, while it says a separate 2016 CFPB consent order has expired
Wells Fargo CEO Charlie Scharf has been on a mission to reshape the bank since joining in 2019.
Carter Johnson
5 mins read
Wells Fargo faces another setback with $1.7 billion penalty
The bank has been ordered to pay billions in fines to settle investigations stemming from its treat…
Dan DeFrancesco
3 mins read
Inside Wells Fargo's mortgage conundrum
Wells Fargo's profitable mortgage-lending business is bracing for more heartache as rates rise.
Aaron Weinman
2 mins read
Ex-Wells Fargo exec says the company held 'fake interviews' with women and people of color for jobs already filled to inflate its diversity efforts
Three current Wells Fargo employees told The New York Times that the fake job interviews had been c…
Avery Hartmans
2 mins read
SEC charges Wells Fargo's former CEO and top executive for misleading investors over success of its core business
Stumpf signed and certified documents with the SEC in 2015 and 2016 when he should have known they …
Shalini Nagarajan
1 min read
Wells Fargo jumps as the bank reportedly gets Federal Reserve approval for overhaul plan
Wells Fargo stock climbed after a Bloomberg report the lender is moving closer to the Fed taking aw…
Carla Mozée
3 mins read
Wells Fargo is paying yet another huge penalty to settle more allegations it harmed its own customers
"Repeat offender" Wells Fargo engaged in practices that cost customers "billions," a regulator says…
Sindhu Sundar
2 mins read
Warren Buffett missed out on $10 billion in gains by dumping Wells Fargo stock — but he probably doesn't regret cashing out
Buffett's Berkshire Hathaway left another $5 billion on the table by exiting JPMorgan and Goldman S…
Theron Mohamed
2 mins read
Elizabeth Warren wants to break up Wells Fargo. Warren Buffett may have dodged a bullet by selling the stock.
The senator called Wells Fargo "ungovernable" and a threat to consumers and the banking system, mon…
Theron Mohamed
1 min read
How Wells Fargo CEO Charlie Scharf overhauled the bank's leadership
See our exclusive graphics mapping out Wells Fargo's new leadership, which CEO Charlie Scharf overh…
Rebecca Ungarino,Carter Johnson
1 min read
Ex-Wells Fargo exec who pushed bankers to open fake accounts will plead guilty. She'll pay a $17 million fine — and faces more than a year in prison.
The former exec, faced with up to 16 months in prison, agreed to plead guilty to charges she obstru…
Grace Mayer
4 mins read
Wells Fargo is undergoing a major transformation under CEO Charlie Scharf. Here are the business lines that are most affected.
Insider has compiled everything you need to know about Wells Fargo under Scharf, including mortgage…
Business Insider
4 mins read
Wells Fargo is undergoing a major transformation under CEO Charlie Scharf. But controversies and layoffs continue to dog the bank.
Insider has complied everything you need to know about Scharf's efforts to remake the Wells Fargo, …
Business Insider
2 mins read
Wells Fargo slashed CEO Charles Scharf's pay by around 12% last year
Wells Fargo & Co. cut its CEO's payment by around 12% as it continues to downsize its annual expens…
Fatma Khaled
2 mins read
Wells Fargo plans to sell its asset management business for over $3 billion after posting 57% drop in 3rd-quarter profit, report says
The US bank has held talks with potential asset management companies and private equity firms, but …
Shalini Nagarajan
2 mins read
Warren Buffett may have slashed his Wells Fargo stake because the bank ignored his advice and hired a Wall Street CEO
The billionaire investor's company has slashed its position by more than 60% this year to a 17-year…
Theron Mohamed
2 mins read
People are calling for a boycott of Wells Fargo after CEO blames 'very limited pool of Black talent' for the bank's trouble hitting its diverse hiring goals
"I just closed it during my lunch break," wrote startup CEO Jasmine Brown. "I'm so done with compan…
Isabella Jibilian
1 min read
Warren Buffett has slashed his Wells Fargo stake to a 17-year low. Here's a chart tracking his 30-year investment in the banking titan
The famed investor's company owns just $3.3 billion of the banking giant's stock, compared to $29 b…
Theron Mohamed
2 mins read
Warren Buffett's Berkshire Hathaway cuts Wells Fargo stake to 17-year low
The billionaire investor's company owns $3.4 billion of the bank's stock, a fraction of the $27 bil…
Theron Mohamed
1 min read
Warren Buffett's Berkshire Hathaway slashes Wells Fargo stake by 43%
The billionaire investor's company sold another 101 million of the banking titan's shares, cutting …