wells fargo

Retail’s Ups And Downs: Amazon Pop-Ups, John Lennon And The iPhone 7
Retail’s Ups And Downs: Amazon Pop-Ups, John Lennon And The iPhone 7
September 14, 2016  |  Retail

Bankrupt and beleaguered international shipping giant Hanjin Shipping Co. finally got some good news this week. The South Korean shipping company, which handles about 7.8...

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Wells CEO Says He’s Sticking Around
Wells CEO Says He’s Sticking Around
September 14, 2016  |  Banking

In the midst of swirling controversy tied to sham accounts at Wells Fargo, CEO John Stumpf has said he intends to keep his position at...

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Wells Fargo Actions Could Cause Headaches For Big Banks
Wells Fargo Actions Could Cause Headaches For Big Banks
September 14, 2016  |  Banking

Wells Fargo, which is coming under intense fire for the widespread practice of opening fake accounts to meet sales goals, could be part of a...

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Wells Fargo CFO Blames Fake Account Openings On Underperformers
Wells Fargo CFO Blames Fake Account Openings On Underperformers
September 14, 2016  |  Banking

Wells Fargo may be facing the largest fine ever levied by the Consumer Financial Protection Bureau after it was revealed employees opened up thousands of...

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Following Scandal, Wells Fargo Nixes Retail Banking Sales Goals
Following Scandal, Wells Fargo Nixes Retail Banking Sales Goals
September 13, 2016  |  Banking

Wells Fargo may not have explicitly admitted wrongdoing in the creation and use of sham accounts tied to client activity, but the firm announced on...

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Why Wells Fargo’s Fake Accounts Didn’t Pay Off
Why Wells Fargo’s Fake Accounts Didn’t Pay Off
September 13, 2016  |  Banking

Wells Fargo recently found itself in hot water for creating bogus bank accounts for its customers and now has to pay a $185 million fine...

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Wells Fargo Shamed Executive A Bastion Of Banking
Wells Fargo Shamed Executive A Bastion Of Banking
September 12, 2016  |  Banking

The Wells Fargo debacle gets more outrageous as the executive in charge during the time of the fraud takes a timely retirement and $125 million....

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Wells Fargo Offers Regrets, But Doesn’t Admit Misconduct
Wells Fargo Offers Regrets, But Doesn’t Admit Misconduct
September 12, 2016  |  Banking

In the wake of firing more than 5,300 employees and paying $185 million in fines to help settle an investigation into what some have called...

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PYMNTS Daily Data Dive: Wells Fargo Takes Incentives Too Far
PYMNTS Daily Data Dive: Wells Fargo Takes Incentives Too Far
September 09, 2016  |  Security & Fraud

Incentives are a way to optimize productivity and boost morale among employees, but the program instituted by Wells Fargo went seriously awry. In efforts to...

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