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Wells Fargo still feeling impact of sales practices scandal

Wells Fargo is still seeing fewer people at its bank branches as well as a decline in checking-account openings as the scandal over its sales practices takes its toll.....»»

Category: topSource: abcnewsMar 20th, 2017

Wells Fargo"s profit flat as costs, mortgages weigh

(Reuters) - Wells Fargo & Co posted flat quarterly earnings on Thursday and warned its costs would remain elevated as the fallout from a sales practices scandal continues to impact the third-largest U.S. bank......»»

Category: topSource: reutersApr 13th, 2017

Wells Fargo"s profit flat, costs and mortgages weigh

(Reuters) - Wells Fargo & Co posted flat quarterly earnings on Thursday and warned its costs would remain elevated as the fallout from a sales practices scandal continues to impact the third-largest U.S. bank......»»

Category: topSource: reutersApr 13th, 2017

Wells Fargo: To Be Determined

Yes, Wells Fargo (WFC) beat earnings forecasts today, and yes, it discussed its sales practices--the ones that led to the resignation of CEO John Stumpf. The financial impact of the sales scandal, however, is still to be determined, says Evercore ISI anal.....»»

Category: blogSource: barronsOct 14th, 2016

California extends ban on Wells Fargo business

California will extend sanctions against Wells Fargo & Co (WFC.N) for at least another year, Treasurer John Chiang said on Monday, after the state suspended doing business with the bank in 2016 as punishment for a sales practices scandal......»»

Category: topSource: moneycentralOct 16th, 2017

Wells Fargo revenue suffers on mortgage banking slump

(Reuters) - Wells Fargo & Co. , which has been embroiled in a prolonged scandal over its mortgage and sales practices, on Friday missed Wall Street revenue estimates for a fourth straight quarter, sending its shares down 3 percent......»»

Category: topSource: reutersOct 13th, 2017

Wells Fargo to refund some mortgage rate lock extension fees

Wells Fargo says it will refund customers that paid mortgage rate lock extension fees that were requested from Sept. 16, 2013 through Feb. 28, 2017, as it looks to win back their trust following a scandal over its sales practices......»»

Category: topSource: foxnewsOct 4th, 2017

Senators grill Wells Fargo CEO over scandal, forced arbitration

(Reuters) - U.S. senators slammed Wells Fargo & Co Chief Executive Tim Sloan on Tuesday for his handling of a massive sales practices scandal at the third-largest American bank and challenged him to allow aggrieved customers to sue......»»

Category: topSource: reutersOct 3rd, 2017

Wells Fargo CEO defends leadership in heated Senate appearance

(Reuters) - U.S. senators grilled Wells Fargo & Co Chief Executive Tim Sloan on Tuesday about what he had done to change the bank's culture after a sales practices scandal erupted last year, with one senior Democratic lawmaker calling for his ouster......»»

Category: topSource: reutersOct 3rd, 2017

Former Wells Fargo employees file lawsuit claiming retailiation over fake accounts scandal

Two former regional presidents have sued Wells Fargo & Co., claiming they were unfairly fired over the bank’s sales-practices scandal. Reuters reported that Reza and Marla Razzaghipour claimed they were terminated in retaliation for raising issues.....»»

Category: topSource: bizjournalsSep 6th, 2017

Wells Raises Tally of Unauthorized Accounts by 67%

Wells Fargo said around 3.5 million customer accounts were “potentially unauthorized” in its sales-practices scandal upon the completion of its review, up from the 2.1 million accounts previously announced......»»

Category: asiaSource: wsjSep 1st, 2017

Wells Fargo uncovers more fake accounts in drawn-out scandal

(Reuters) - Wells Fargo & Co hiked the tally of accounts that were potentially opened without customers' knowledge by over a million on Thursday after an expanded review of improper sales practices......»»

Category: topSource: business-standardAug 31st, 2017

The Wall Street Journal: Wells Fargo’s sales-scandal tally increases to about 3.5 million accounts

Wells Fargo & Co. said around 3.5 million customer accounts were “potentially unauthorized” in its sales-practices scandal upon the completion of its review, more than 1 million more than initially announced......»»

Category: topSource: marketwatchAug 31st, 2017

Wells Fargo changes board, names Duke chair in response to scandal

(Reuters) - Wells Fargo & Co Vice Chair Betsy Duke will replace retiring Chair Stephen Sanger next year, one of several changes announced on Tuesday in a board overhaul following a sales practices scandal......»»

Category: topSource: reutersAug 15th, 2017

Wells Fargo board chairman to retire, be replaced at year end

Wells Fargo & Co Vice Chair Betsy Duke will replace retiring Chairman Stephen Sanger next year, one of several changes announced on Tuesday in response to shareholder displeasure over the bank's sales practices scandal......»»

Category: topSource: moneycentralAug 15th, 2017

Wells Fargo board chairman to retire, be replaced at year end

(Reuters) - Wells Fargo & Co Vice Chair Betsy Duke will replace retiring Chairman Stephen Sanger next year, one of several changes announced on Tuesday in response to shareholder displeasure over the bank's sales practices scandal......»»

Category: topSource: reutersAug 15th, 2017

Wells Fargo Eyes Mortgage Fees and Identity Theft Insurance in Scandal

The bank's problematic sales practices may have gone further than expected. Wells Fargo & Co is examining whether it caused unnecessary financial harm to custo.....»»

Category: europeSource: fortuneAug 4th, 2017

Wells Fargo ordered to reinstate whistleblower, pay $577,500

Wells Fargo ordered to reinstate branch manager fired after trying to blow whistle on sales practices scandal.....»»

Category: topSource: abcnewsJul 21st, 2017

Wells Fargo planning more branch changes

Wells Fargo & Co. is planning a round of new branch changes to improve customer and employee relationships still damaged from the bank's sales-practices scandal last year......»»

Category: topSource: foxnewsJul 18th, 2017

Judge gives preliminary approval to Wells Fargo settlement

Wells Fargo has received preliminary approval to pay out $142 million to its customers who were impacted by the bank's sales practices scandal.....»»

Category: topSource: abcnewsJul 10th, 2017

Judge gives preliminary approval to Wells Fargo settlement

Wells Fargo has received preliminary approval to pay out $142 million to customers affected by the bank's sales practices scandal......»»

Category: topSource: foxnewsJul 10th, 2017