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 bank and will no longer be members of the company’s Operating Committee. In a press release, Wells Fargo said the...
In banking news, Keith Noreika, the acting U.S. Comptroller of the Currency, is trying to make it easier for Wells Fargo to pay employees when they leave the embattled financial institution, relaxing a restriction put in place last year when the bank’s fake account scandal...
Tim Sloan, Wells Fargo’s chief executive officer, believes the embattled bank will recover the growth it lost from its fake account scandal. In an interview with CNBC, the executive said the company is making “really good changes, not only to fix anything that was broken,”...
Wells Fargo’s current and former executives and directors have to face most of the lawsuits lodged against the company and its executives by shareholders who want to hold them personally responsible for the fake accounts scandal. According to a news report in Reuters citing U.S....
May 05, 2019
Wells Fargo, the embattled national bank, is reportedly upping the money it may lose from legal actions, reported The Wall Street Journal. The report, citing the bank’s quarterly securities filing, said the bank expects the potential losses from legal actions stemming in part from its fake account scandal to be $3.1 billion as of the […]
October 25, 2018
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 bank and will no longer...
October 06, 2017
Wells Fargo’s current and former executives and directors have to face most of the lawsuits lodged against the company and its executives by shareholders who want to hold them personally...
October 03, 2017
Wells Fargo, the embattled bank still reeling in the wake of a fake account scandal, has reportedly brought back more than 1,000 former employees, Reuters reported Monday (Oct. 2). Citing prepared congressional...
