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Wells Fargo overhauls top-tier checking accounts, to the dismay of some affluent customers

The bank will no longer consider mortgage and credit card balances to qualify for benefits and fee waivers in its checking accounts popular with the affluent......»»

Category: topSource: bizjournalsApr 26th, 2021

Federal regulators seek higher penalties for former Wells Fargo executives

The Office of the Comptroller of the Currency is asking for additional penalties from three former Wells Fargo & Co. executives, according to recent court filings......»»

Category: topSource: bizjournalsApr 23rd, 2021

Wells Fargo execs bullish on economy, as bank continues to navigate expenses

Executives at Wells Fargo & Co. are bullish on the economy moving into the rest of 2021. Driving that outlook is increased consumer spending and promising credit quality largely due to federal assistance......»»

Category: topSource: bizjournalsApr 15th, 2021

Wells Fargo execs bullish on economy, bank continues to navigate expenses

Executives at Wells Fargo are bullish on the economy moving into the rest of 2021. Driving that outlook is increased consumer spending and promising credit quality largely due to federal assistance......»»

Category: topSource: bizjournalsApr 14th, 2021

Wells Fargo closes branch in its own Downtown East building

The branch temporarily closed about a year ago due to the Covid-19 pandemic, but the closure is now final, according to the bank. With so few people working downtown, the branch no longer made sense......»»

Category: topSource: bizjournalsMar 3rd, 2021

MUFG Union Bank taps Wells Fargo veteran for key Bay Area role

The new hire supports the bank's strategy of boosting its work with middle market technology companies......»»

Category: topSource: bizjournalsFeb 24th, 2021

CEOs of Bank of America, Truist and Wells Fargo respond to U.S. Capitol breach

Chief executives at Charlotte's largest banks released statements on Wednesday night condemning the actions of those who stormed the U.S. Capitol. Brian Moynihan, CEO of Bank of America Corp. (NYSE: BAC), called the events appalling. He said it .....»»

Category: topSource: bizjournalsJan 7th, 2021

"Some may even die, I don"t know": Former Wells Fargo CEO wants people to go back to work and "see what happens"

Nora Tam/South China Morning Post via Getty Images) Some American executives are calli.....»»

Category: topSource: businessinsiderMar 25th, 2020

Wells Fargo employees "encouraged" to work from home amid coronavirus outbreak, CEO says

The San Francisco-based bank employes about 259,000 people. .....»»

Category: topSource: foxnewsMar 10th, 2020

Seattle bank recruits Wells Fargo execs to expand commercial business in Tucson

The Wells Fargo execs were recruited by WaFd Bank to set up its first brick-and-mortar commercial banking office in southern Arizona. Bank executives spoke to the Business Journal about how the deal came together to snag the Wells Fargo bankers......»»

Category: topSource: bizjournalsFeb 28th, 2020

For Wells Fargo and former executives, $3 billion-deal with U.S. may not be the end

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......»»

Category: topSource: reutersFeb 25th, 2020

Wells Fargo drops mandatory arbitration policy for sexual harassment claims

Wells Fargo & Co. said that it will no longer require arbitration for employees in connection with any future sexual harassment claims. The San Francisco-based bank made the decision following a shareholder proposal from Clean Yield Asset Management whi.....»»

Category: topSource: bizjournalsFeb 13th, 2020

Wells Fargo CEO Scharf shakes up management at scandal-hit bank

Wells Fargo & Co Chief Executive Charles Scharf announced his first major reshuffle on Tuesday, promoting several executives to new roles while also tapping a JPMorgan veteran to head consumer lending......»»

Category: topSource: reutersFeb 11th, 2020

U.S. bank regulator sharpens teeth on Wells Fargo, surprising critics

Long accused of being too soft, a U.S. bank regulator has surprised its critics with tough treatment of scandal-ridden lender Wells Fargo , culminating on Thursday in more than$58 million in fines against eight former executives at the bank......»»

Category: topSource: reutersJan 24th, 2020

U.S. bank regulator charges ex-Wells Fargo executives for role in sales scandal

Wells Fargo & Co's U.S. regulator on Thu.....»»

Category: topSource: reutersJan 23rd, 2020

Bank regulator charges ex-Wells Fargo executives for role in sales scandal

Wells Fargo & Co's regulator.....»»

Category: topSource: reutersJan 23rd, 2020

Ex-Wells Fargo CEO banned from banking, must pay $17.5M fine for role in fake-accounts scandal

The former CEO of Wells Fargo can never work for a bank again and must pay a $17.5 million fine for his role in the bank's .....»»

Category: topSource: usatodayJan 23rd, 2020

OCC seeks fines and bans against 5 ex-Wells Fargo executives, bans former CEO Stumpf for life

The Office of the Comptroller of the Currency issued a notice of charges against five former Wells Fargo & Co. executives on Thursday, for their role in a sales.....»»

Category: topSource: marketwatchJan 23rd, 2020

Ex-Wells Fargo executives face civil charges, multimillion-dollar fines from U.S. bank regulator

A U.S. bank regulator announced Thursday that several senior former Wells Fargo executives face potential lifetime industry bans and millions of dollars in civil penalties for their roles in the bank's long-running sales practices scandal......»»

Category: topSource: reutersJan 23rd, 2020

US regulator plans enforcement actions against former Wells Fargo executives: Source

The Office of the Comptroller of the Currency (OCC) actions may result in monetary penalties against the executives and bans from working for OCC-regulated banks, the person said. .....»»

Category: topSource: foxnewsJan 23rd, 2020