Federal prosecutors want Wells Fargo’s former retail banking head to spend time behind bars. Carrie Tolstedt agreed earlier this year to plead guilty to obstructing an investigation into her bank’s practice of opening accounts for millions of customers without their consent. And a Bloomberg News report Saturday (Sept. 2) — citing...
Former Wells Fargo CEO John Stumpf has been banned from ever working in the banking industry again by the U.S. government, according to a report by CNBC. He will also have to pay $17.5 million for his role in a scandal at Wells Fargo involving...
With the comings and goings of Memorial Day, the time has come to kick back, relax and try not to work too hard or move around too much until the weather cools off some. That is, unless you’re in payments — where the concept of...
Strength for JPMorgan and weakness for Wells, but with, maybe, a green shoot? Fortunes and earnings varied, but digital made inroads at both.
April 14, 2017
Strength for JPMorgan and weakness for Wells, but with, maybe, a green shoot? Fortunes and earnings varied, but digital made inroads at both.
September 10, 2023
Wells Fargo will pay $1 billion to settle an investor lawsuit tied to authorized customer accounts. The settlement was approved Friday (Sept. 8) by U.S. District Judge Jennifer L. Rochon and brings the amount the banking giant has agreed to pay in connection with its “fake accounts” scandal to close to $5 billion, Bloomberg News reported. A […]
September 03, 2023
Federal prosecutors want Wells Fargo’s former retail banking head to spend time behind bars. Carrie Tolstedt agreed earlier this year to plead guilty to obstructing an investigation into her bank’s practice of opening...
January 23, 2020
Former Wells Fargo CEO John Stumpf has been banned from ever working in the banking industry again by the U.S. government, according to a report by CNBC. He will also...
