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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: 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

The Wall Street Journal: Wells Fargo sees huge drop in new accounts since scandal

Wells Fargo & Co. said Monday that its customer checking-account and credit-card openings fell drastically in February versus a year earlier, a continuing trend for the bank following last year’s sales-practices scandal......»»

Category: topSource: marketwatchMar 20th, 2017

Wells Fargo CEO: Fixing fake accounts will take more time

Wells Fargo CEO Tim Sloan said the company could need several more months to resolve customer damage tied to its massive sales practices scandal.....»»

Category: topSource: abcnewsMar 17th, 2017

The Wall Street Journal: Wells Fargo CEO got nearly $13 million in compensation in 2016

Wells Fargo & Co. awarded Chief Executive Timothy Sloan $12.83 million in compensation for 2016 after he took over the embattled bank this fall following its sales practices scandal......»»

Category: topSource: marketwatchMar 15th, 2017

"We Are All Doing It": Thousands Of Canadian Bankers Admit Lying To Customers To Boost Sales

Several days after shares of Canada's TD Bank tumbled following reports that its employees were engaging in practices similar to those which led to a major scandal at Wells Fargo, which cost CEO John Stumpf his job and led to bonus clawbacks and numer.....»»

Category: blogSource: zerohedgeMar 15th, 2017

"We Are All Doing It": Thousands Of Candian Bankers Admit Lying To Customers To Boost Sales

Several days after shares of Canada's TD Bank tumbled following reports that its employees were engaging in practices similar to those which led to a major scandal at Wells Fargo, which cost CEO John Stumpf his job and led to bonus clawbacks and numer.....»»

Category: blogSource: zerohedgeMar 15th, 2017

The Wall Street Journal: Wells Fargo demotes execs in retail-banking shakeup

Wells Fargo & Co. took further steps this week to restructure its retail-banking business, even as the firm continues digging into the causes of its sales-practices scandal, according to employees and memos reviewed by The Wall Street Journal......»»

Category: topSource: marketwatchMar 9th, 2017

Wells Fargo Has Fired 4 Senior Executives for Their Role in the Sales Scandal

It's the first firing of high-ranking employees since the scandal erupted in September Wells Fargo fired four senior executives on Tuesday as part of an ongoing probe into the bank’s sales-practices scandal that made headlines last.....»»

Category: topSource: timeFeb 22nd, 2017

Wells Fargo fires four executives amid probe into account scandal

(Reuters) - Wells Fargo & Co has fired four mid-level executives and stripped them of bonuses and stock awards as a result of an investigation into improper sales practices in its retail bank, the company announced on Tuesday......»»

Category: topSource: business-standardFeb 21st, 2017

Wells Fargo fired 4 mid-level executives for ties to its accounts scandal

Wells Fargo has fired four mid-level executives and stripped them of bonuses and stock awards as a result of an investigation into improper sales practices in its retail bank, according to a company announcement on Tuesday. The board of.....»»

Category: topSource: businessinsiderFeb 21st, 2017

Wells Fargo scandal: 4 senior employees fired

Wells Fargo has fired four senior employees during an ongoing probe into the bank's illegal sales practices......»»

Category: topSource: cnnFeb 21st, 2017

Wells Fargo fires four executives amid probe into account scandal

(Reuters) - Wells Fargo & Co has fired four mid-level executives and stripped them of bonuses and stock awards as a result of an investigation into improper sales practices in its retail bank, the company announced on Tuesday......»»

Category: topSource: reutersFeb 21st, 2017

Wells Fargo fires 4 senior employees for ties to fake account scandal

Wells Fargo has fired four senior employees amid an ongoing probe into the bank's illegal sales practices......»»

Category: topSource: cnnFeb 21st, 2017

Wells Fargo fires 4 senior managers in sales scandal inquiry

Wells Fargo's board of directors said it is firing four senior managers as part of its investigation into the bank's sales practices scandal.....»»

Category: topSource: abcnewsFeb 21st, 2017

Customers Avoid New Wells Fargo Accounts After Sales Scandal - New York Times

CBS NewsCustomers Avoid New Wells Fargo Accounts After Sales ScandalNew York TimesNEW YORK — Customers are still turning their backs on Wells Fargo after a scandal over sales practices, with .....»»

Category: topSource: googlenewsFeb 17th, 2017

Customers avoid new Wells Fargo accounts after sales scandal

Wells Fargo is still seeing a slowdown in activity at branches nationwide after a scandal over sales practices.....»»

Category: topSource: abcnewsFeb 17th, 2017

Wells Fargo seeing fewer new customers after sales scandal

Wells Fargo is still seeing a slowdown in activity at branches nationwide after a scandal over sales practices.....»»

Category: topSource: abcnewsFeb 17th, 2017

Wells Fargo Board Likely to Eliminate 2016 Bonuses for Top Executives

Wells Fargo & Co.'s board is likely to eliminate annual bonuses for 2016 for some top executives following the bank's sales-practices scandal, according to people familiar with the matter......»»

Category: topSource: foxnewsFeb 8th, 2017

Sales practices a key risk to banking system, says U.S. regulator

WASHINGTON (Reuters) - Wells Fargo's phony account scandal has spurred a top U.S. bank regulator to count sales practices as a chief risk to the country's banking system and to embark on a wide-sweeping review of large and mid-sized institutions......»»

Category: topSource: reutersJan 5th, 2017

The Wall Street Journal: Prudential to suspend insurance policy sales through Wells Fargo

Prudential to suspend sales of MyTerm insurance policies through Wells Fargo, in the wake of the banking giant’s sales-practices scandal......»»

Category: topSource: marketwatchDec 12th, 2016