Fingerprints and finances: next Wells Fargo CEO will be under regulatory microscope

Wells Fargo has expanded a review of auto products and services it finances as part of an effort to get ahead of heightened regulatory interest in the area, according to people familiar with the matter......»»

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.....»»

Wells Fargo has taken a big step forward in resolving a 2018 regulatory consent order that saddled the bank with an asset cap, according to a Bloomberg report......»»

Wells Fargo & Co. cut its CEO's payment by around 12% as it continues to downsize its annual expenses and resolve issues of regulatory penalties. Wells Fargo CEO Charlie Scharf testifies before a House.....»»

Wells Fargo & Co. forged ahead with another profitable quarter despite economic headwinds and ongoing regulatory issues......»»

Wells Fargo & Co said on Monday it has received an "outstanding" rating on a U.S. regulatory test for community lending between 2012 and 2018......»»

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.....»»

“Why should loyal Wells Fargo customers get a double whammy — the prior fake-account scandal and now not being able to apply for a PPP loan?” asked one of the bank's small business customers......»»

The bank hit its $10 billion regulatory cap for the SBA program......»»

Wells Fargo & Co. (NYSE: WFC) restricted its contribution to $10 billion in the Federal government small business rescue program due to regulatory constraints. read more.....»»

Wells Fargo said on the evening of April 5 that it has exhausted its $10 billion capacity for lending under the SBA’s Paycheck Protection Program as the bank operates under a regulatory asset cap. In other words, amid the pandemic-induced downtur.....»»

Wells Fargo said Sunday evening that it has exhausted its $10 billion capacity for lending under the SBA’s Paycheck Protection Program as the bank operates under a regulatory asset cap. In other words, amid the pandemic-induced downturn that has.....»»

New Wells Fargo & Co Chief Executive Charlie Scharf testified on Tuesday that substantial change was underway at the bank as lawmakers grilled him on the status of its remediation efforts and contingency plans related to coronavirus......»»

Lawmakers accused Wells Fargo & Co. of failing to comply with regulatory orders in a scathing report Wednesday, and said the bank poses a major risk to consumers......»»

No Banker Goes To Jail - Former Barclays Executives Acquitted Of Fraud   Days after Wells Fargo agreed to pay $35 million to settle regulatory claims that its .....»»

Wells Fargo & Co. agreed to pay $35 million to settle regulatory claims that its financial advisers recommended exchange-traded funds that were too risky for some clients......»»

Wells Fargo & Co. agreed to pay $35 million to settle regulatory claims that its financial advisers recommended exchange-traded funds that were too risky for some clients......»»

Although Wells Fargo & Co settled major probes with federal agencies over abusive sales practices last week, the bank and its former executives are not out of the woods yet, legal and regulatory experts said......»»

Wells Fargo earned $2.9 billion, or a diluted 60 cents a share, as revenue slipped 5.2 percent year-over-year to $19.98 billion......»»

Incoming Wells Fargo & Co. CEO Charles Scharf has a long road ahead to fix the bank's regulatory woes, stemming from a scandal where up to 3.5 million unauthorized accounts were uncovered in late 2016, but he remains bullish on the outcome of that .....»»