fake account scandal

Wells CEO Defends Sales Practices
Wells CEO Defends Sales Practices
December 07, 2016  |  Banking

Wells Fargo still expects to spend millions of dollars due to various investigations and regulatory inquiries about the company’s fake account scandal. Speaking during Goldman Sachs’...

READ MORE >
Wells Fargo Reports A 27 Percent Decline In New Accounts In October
Wells Fargo Reports A 27 Percent Decline In New Accounts In October
November 18, 2016  |  Banking

Coming off the heels of a fake account scandal that resulted in the departure of Wells Fargo CEO John Stumpf, the bank is providing an...

READ MORE >
Warren Buffett Sticks With Wells Fargo Despite Scandal
Warren Buffett Sticks With Wells Fargo Despite Scandal
November 14, 2016  |  Banking

A couple of months since the Wells Fargo fake account scandal broke, Warren Buffett is breaking his silence, telling CNN that Wells Fargo made a...

READ MORE >
Wells Fargo Litigation Reserves Nearing $2B
Wells Fargo Litigation Reserves Nearing $2B
November 04, 2016  |  Banking

Wells Fargo disclosed Thursday (Nov. 3) it is raising the amount of money it set aside for legal fees due to the fake account scandal...

READ MORE >
Wells Fargo Facing Calls From Senators For Department Of Justice Inquiry
Wells Fargo Facing Calls From Senators For Department Of Justice Inquiry
October 06, 2016  |  Banking

A group of senators has sent a letter to the Justice Department, urging it to investigate and, if necessary, prosecute the individuals behind the fake account...

READ MORE >
Fitch Paints Negative Picture For Wells Fargo
Fitch Paints Negative Picture For Wells Fargo
October 05, 2016  |  Banking

Fitch, the credit rating agency, on Tuesday (Oct. 4) affirmed Wells Fargo’s ratings at “AA-/F1+” and Wells Fargo Bank, N.A.’s ratings at “AA/F1+” but revised...

READ MORE >
Wells Fargo Shut Out Of Illinois Bond Business; Chicago May Follow Suit
Wells Fargo Shut Out Of Illinois Bond Business; Chicago May Follow Suit
October 05, 2016  |  Banking

The Wells Fargo fake account scandal has resulted in more fallout for the beleaguered bank — this time, with Illinois announcing a ban on bond...

READ MORE >