wells fargo

Wells CEO Says The Ethics Hotline Was Mostly Ethical
Wells CEO Says The Ethics Hotline Was Mostly Ethical
November 11, 2016  |  Regulation

In a town hall meting last night, Wells Fargo’s new CEO Timothy Sloan admitted the bank had found “some instances” where reports by employees of bad...

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Thanks To Wells Fargo Scandal, Companies Overhaul Pay
Thanks To Wells Fargo Scandal, Companies Overhaul Pay
November 09, 2016  |  Payment Methods

In the wake of the fake account scandal at Wells Fargo, companies are rethinking how they compensate salespeople, reported The Wall Street Journal. According to a...

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Wells Fargo Makes Some Changes To The Troubled Retail Unit
Wells Fargo Makes Some Changes To The Troubled Retail Unit
November 04, 2016  |  Regulation

Wells Fargo’s new CEO Tim Sloan said on Thursday that a comprehensive review of the bank’s sales practices will be done ‘relatively quickly’ before unveiling the...

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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...

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Wells Fargo’s Latest Legal Settlement
Wells Fargo’s Latest Legal Settlement
November 01, 2016  |  Banking

Embattled bank Wells Fargo has entered a settlement through which the firm will pay as much as $50 million tied to a racketeering lawsuit that...

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Senators Want To Know Why KPMG Didn’t Catch Wells Fargo Fake Accounts
Senators Want To Know Why KPMG Didn’t Catch Wells Fargo Fake Accounts
October 31, 2016  |  Banking

Sen. Elizabeth Warren (D-MA) has reportedly sent a letter to KPMG, Wells Fargo’s auditor, questioning why the accounting firm did not catch the fake accounts...

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On-Site Sales Reviews Now Required For Wall Street Banks
On-Site Sales Reviews Now Required For Wall Street Banks
October 26, 2016  |  Regulation

In the fallout of Wells Fargo’s scandal over unauthorized customer accounts, regulators may force publicly-traded banks to adhere to in-person of sales practices and procedures....

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Wells Fargo’s Mobile Banking App Takes A Hit In Wake Of Scandal
Wells Fargo’s Mobile Banking App Takes A Hit In Wake Of Scandal
October 24, 2016  |  Banking

Wells Fargo’s fake account scandal has hurt the financial services company, not only from a reputation standpoint but also from a business perspective, given some states...

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