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Two Wells Fargo board members resign ahead of congressional hearings

Two directors on Wells Fargo & Co's (NYSE: WFC) board have resigned, the bank said Monday morning. Chairwoman Elizabeth "Betsy" Duke and James Quigley stepped down, effective Sunday. Both were set to appear before the House Financial Services Comm.....»»

Category: topSource: bizjournalsMar 9th, 2020

Wells Fargo board members resign ahead of Congressional hearings

Two directors on Wells Fargo & Co's board have resigned, the company said Monday. Chairwoman Elizabeth "Betsy" Duke and James Quigley stepped down, effective Sunday. Both were set to appear before the House Financial Services Committee in Washing.....»»

Category: topSource: bizjournalsMar 9th, 2020

Wells Fargo: Elizabeth Duke, James Quigley resign from board of directors

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallMar 9th, 2020

Senior US lawmaker to seek testimony of Wells Fargo"s board

A U.S. congressional committee will ask Wells Fargo & Co’s board of directors to testify about the bank’s sales scandal next year, a senior Democrat told Reuters on Thursday......»»

Category: topSource: foxnewsDec 20th, 2019

Senior U.S. lawmaker to seek testimony of Wells Fargo"s board

Wells Fargo's board of directors will be called to testify before Congress about the bank's numerous scandals sometime in 2020, a senior U.S. House lawmaker told Reuters Thursday......»»

Category: topSource: reutersDec 19th, 2019

Well Fargo raises dividend

Wells Fargo & Co. said late Tuesday its board of directors approved a 13% dividend increase to 51 cents a share, payable Sept. 1 to stockholders of record Aug. 9. The board also increased the bank's stock buyback program by an additional 350 millio.....»»

Category: topSource: marketwatchJul 23rd, 2019

Wells Fargo names former BofA CFO Noski to board of directors

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallMay 29th, 2019

Wells Fargo adds former Bank of America executive to board

Wells Fargo & Co said on Wednesday the bank's board of directors had elected former Bank of America Corp executive Charles Noski to join the board......»»

Category: topSource: reutersMay 29th, 2019

All Wells Fargo directors elected as hecklers call executives "frauds"

Wells Fargo & Co shareholders voted to elect all of the company-nominated directors during a rowdy meeting on Tuesday in which more than a dozen attendees were kicked out for heckling executives and board members......»»

Category: topSource: reutersApr 23rd, 2019

All Wells Fargo directors elected at rowdy shareholder meeting

Wells Fargo & Co shareholders voted to elect all of the company-nominated directors during a rowdy meeting on Tuesday in which more than a dozen attendees were kicked out for heckling executives and board members......»»

Category: topSource: reutersApr 23rd, 2019

US urged Wells Fargo to investigate its 401(k) tactics

More trouble for Wells Fargo: The federal government has urged the embattled bank's board of directors to investigate its 401(k) practices......»»

Category: topSource: cnnApr 26th, 2018

US government urged Wells Fargo to probe its 401(k) tactics

Wells Fargo is in even more trouble: The federal government has urged the embattled bank's board of directors to investigate its 401(k) practices......»»

Category: topSource: cnnApr 26th, 2018

What the Wells Fargo order means for banks and their directors

For those who follow such things, the press release, consent cease-and-desist order and official letters of reprimand published by the Federal Reserve Board on Feb. 2, 2018, with respect to Wells Fargo & Company (Wells) and named directors (combine.....»»

Category: topSource: bizjournalsJul 16th, 2018

"Ultimately, Elizabeth made the decisions": A look inside Theranos" ineffective board

The bevy of luminaries on Theranos Inc.'s board were advisers, rather than traditional directors with fiduciary and oversight responsibilities, according to testimony by Wells Fargo & Co.'s former CEO and chairman in an investor lawsuit centered on th.....»»

Category: topSource: bizjournalsAug 8th, 2018

Wells Fargo CEO Charlie Scharf takes big pay cut in rough year

When it comes to pay packages, the bank's board set aside 2020 performance goals that were set before the pandemic slammed the nation's economy......»»

Category: topSource: bizjournalsJan 29th, 2021

Cramer Shares His Thoughts On Wells Fargo, Caterpillar And More

On CNBC's "Mad Money Lightning Round," Jim Cramer said he believes in Charlie Scharf, the CEO of Wells Fargo & Co (NYSE: WFC). (The Federal Reserve Board gave banks the greenlight to restart read more.....»»

Category: blogSource: benzingaDec 19th, 2020

Alarm bells ring for Bay Area economy as coronavirus looms

"In the Bay Area, the tide comes in higher, so you have more people swimming naked as they’re leasing space and hiring a lot of employees," a Wells Fargo economist said, in reference to a famous Warren Buffett quote......»»

Category: topSource: bizjournalsMar 11th, 2020

Wells Fargo board members resign after scathing House report

The resignations of Duke and another board member, James Quigley, are just the latest fallout from the bank's failed three year effort to repair its relationship with lawmakers and regulators after a series of consumer abuses......»»

Category: personnelSource: nytMar 9th, 2020

House committee chair calls on two Wells Fargo board members to resign

A report by the House Financial Services Committee found that the bank’s regulators were aware of its problems for years before acting......»»

Category: worldSource: nytMar 5th, 2020

House committee chair calls on 2 Wells Fargo board members to resign

A report by the House Financial Services Committee found that the bank’s regulators were aware of its problems for years before acting......»»

Category: personnelSource: nytMar 5th, 2020