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Wells Fargo CEO says bank has changed, but Congress isn"t so sure

Tim Sloan will face skeptical lawmakers when he testifies in front of the House Financial Services Committee Tuesday......»»

Category: topSource: moneycentralMar 11th, 2019

Wells Fargo CEO says bank has changed, but Congress isn"t so sure

Tim Sloan will face skeptical lawmakers when he testifies in front of the House Financial Services Committee Tuesday......»»

Category: topSource: moneycentralMar 11th, 2019

Trump defense secretary to testify on Pentagon"s delayed response to January 6 riot to Congress, prepared remarks say military has "an extremely poor record in supporting domestic law enforcement": reports

Christopher Miller is expected to tell lawmakers he didn't immediately deploy armed forces out of fear it would be perceived as a military coup. citing U.S. Defense Secretary Christopher Miller removes his face mask during a meeting with Lith.....»»

Category: topSource: businessinsiderMay 12th, 2021

Opinion: How women entrepreneurs can turn road blocks into building blocks

Women entrepreneurs still face many challenges with obtaining funding and building a support network. Wells Fargo’s North Seattle branch banking district manager shares how to overcome them......»»

Category: topSource: bizjournalsApr 5th, 2021

Wells Fargo CEO tells Congress bank has doubled down on regulatory issues

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......»»

Category: topSource: reutersMar 10th, 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 panel rips Wells Fargo as ‘reckless’ and unwilling ‘to stop harming its customers’

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......»»

Category: topSource: marketwatchMar 4th, 2020

Factbox: Remaining hurdles for scandal-hit Wells Fargo

Wells Fargo & Co has racked up well over $7 billion in penalties since a sales practices scandal erupted in 2016, and continues to face headwinds......»»

Category: topSource: reutersFeb 21st, 2020

Ex-Wells Fargo bosses face $59M in fines

Eight former Wells Fargo & Co. executives are facing almost $59 million in fines and bans from the U.S. banking industry over their roles in the firm’s scandals as regulators show more appetite to go... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkJan 26th, 2020

Remaining hurdles for scandal-hit Wells Fargo

Wells Fargo & Co and its officials have racked up well over $4 billion (3 billion pounds) in penalties since a sales practices scandal erupted in 2016, and continues to face headwinds......»»

Category: topSource: reutersJan 24th, 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

Wells Fargo names new CEO, ending extensive six-month search

Charles Scharf, the first outsider to lead Wells Fargo in decades, must convince regulators, lawmakers that the scandal-plagued bank is reformed......»»

Category: topSource: washpostSep 28th, 2019

CBJ Morning Buzz: Wells Fargo practices under scrutiny yet again; Drivers on I-77 toll lanes complain of incorrect charges; Earnhardt family"s plane crash

In local news: Practices at Wells Fargo & Co. (NYSE: WFC) are once again drawing scrutiny — and prompting statements of defense from representatives of the company that has been mired in controversy for going on three years now. This time, it's the .....»»

Category: topSource: bizjournalsAug 16th, 2019

A bank regulator said he was tough on Wells Fargo. Elizabeth Warren was not impressed

Wells Fargo has struggled to convince lawmakers and regulators that it has fixed the corporate culture that led to various consumer abuses......»»

Category: topSource: washpostMay 16th, 2019

A bank regulator said he was tough on Wells Fargo. Sen. Warren was not impressed.

Wells Fargo has struggled to convince lawmakers and regulators that it has fixed the corporate culture that led to various consumer abuses......»»

Category: topSource: washpostMay 16th, 2019

Bank CEOs face Congress for first time since financial crisis

Top bank CEOs face new scrutiny on practices and profits; the head of Wells Fargo won't make an appearance.....»»

Category: topSource: moneycentralApr 10th, 2019

Wells Fargo to face limits on growth for foreseeable future, NY Post reports

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: theflyonthewallApr 10th, 2019

How Wells Fargo"s regulators and employees drove out its CEO

The day after former Wells Fargo & Co Chief Executive Tim Sloan told U.S. lawmakers he was transforming the bank's high-pressure culture, Federal Reserve officials met privately with bank employees......»»

Category: topSource: reutersApr 9th, 2019

After years of apologies for customer abuses, Wells Fargo CEO Tim Sloan suddenly steps down

Tim Sloan, a 31-year veteran of the company, has spent years apologizing for the bank’s bad behavior and attempting to rebuild its reputation with customers, regulators and lawmakers. That was not enough for the bank's critics......»»

Category: topSource: washpostMar 28th, 2019

Congress likely to question use of military funds for wall

Top defense leaders will face worried lawmakers on Capitol Hill for the first time since the Pentagon spelled out the military construction projects that could lose funding this year to pay for President Donald Trump's border wall......»»

Category: topSource: foxnewsMar 26th, 2019