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The settlement is the latest of several fines and penalties against the San Francisco-based bank since it admitted in 2016 that it had opened millions of accounts customers didn’t request......»»

Wells Fargo & Co. CEO Charles Scharf is making moves as he tries to rid the San Francisco-based bank of ongoing problems since its fake-accounts scandal emerged in 2016. Scharf is splitting the bank's organizational structure into five parts: Cons.....»»

Wells Fargo & Co. CEO Charles Scharf is making moves as he tries to rid the San Francisco-based bank of ongoing problems since its fake-accounts scandal emerged in 2016. Scharf is splitting the bank's organizational structure into five parts: Cons.....»»

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 .....»»

The bank is trying to "fix things forward." Mary Mack, a senior executive vice president at Wells Fargo who heads Community Banking and Consumer Lending at the bank, compares her past two years at the company to being in a "hurr.....»»

The move is aimed at reassuring regulators the bank has fixed its problems. More than two years after a scandal involving the creation of fake bake accounts, Wells Fargo is firing about three dozen managers for failed oversig.....»»

Bank workers say they are still under pressure to get bonuses and push through deal closings with ‘no real respect’.....»»

Wells Fargo CEO Charlie Scharf is rebuilding the bank's leadership team as the bank seeks to recover from its fake account scandal......»»

Wells Fargo CEO Charlie Scharf is rebuilding the bank's leadership team as the bank seeks to recover from its fake account scandal......»»

Wells Fargo CEO Charlie Scharf is rebuilding the bank's leadership team as the bank seeks to recover from its fake account scandal......»»

“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......»»

This story was delivered to Business Insider Intelligence Banking subscribers earlier this morning. To get this story plus others to your inbox each .....»»

Wells Fargo reached a settlement Friday for a massive fake account scandal, in which it admitted to guilt and agreed to pay $3 billion to the Justice Department and Securities and Exchange Commission. Conway G. Gittens details the official announcement......»»

Since the fraud became public in 2016, the bank has faced a torrent of lawsuits......»»

Since the fraud became public in 2016, the bank has faced a torrent of lawsuits......»»

The settlement addresses systemic consumer abuses sparked by the bank’s admission in 2016 that it had opened millions of fake accounts customers didn’t want......»»

Wells Fargo & Co .....»»

Ex-Wells Execs Hit With $59MM In Fines Over Fake Account Scandal; Stumpf Barred For Life Nearly four years after Wells Fargo's reputation was terminally crushed by the humiliating fake accounts scandal, the punishment for Warren B.....»»

Several former Wells Fargo & Co. senior executives are under criminal investigation resulting from the bank’s fake-accounts scandal, trade publication American Banker reported, citing unnamed sources. According to the report, federal prosecutors.....»»

Several former Wells Fargo & Co. senior executives are under criminal investigation resulting from the bank’s fake-accounts scandal, trade publication American Banker reported, citing unnamed sources. According to the report, federal prosecutors.....»»