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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

Warren Buffett slams Wells Fargo"s handling of massive sales scandal

Illegal sales practices at Wells Fargo spanned at least 15 years......»»

Category: topSource: washpostMay 7th, 2017

The Latest: Buffett says Wells Fargo mishandled scandal

Investor Warren Buffett said Wells Fargo made a huge error in failing to respond promptly to its sales practices scandal.....»»

Category: topSource: abcnewsMay 6th, 2017

The Latest: Buffett says Wells Fargo mishandled scandal

Investor Warren Buffett said Wells Fargo made a huge error in failing to respond promptly to its sales practices scandal.....»»

Category: topSource: abcnewsMay 6th, 2017

The Latest: All proposed Wells Fargo board members elected

The Latest on Wells Fargo's annual meeting after a scandal over the bank's sales practices (all times local): 10:10 a.m......»»

Category: topSource: foxnewsApr 25th, 2017

Wells Fargo Faces Shareholders, Protesters at Annual Meeting

Wells Fargo's top management and board of directors apologized to investors Tuesday at the first big shareholder meeting since the scandal over the bank's sales practices led to an executive shake-up, fines and a dented reputation......»»

Category: topSource: foxnewsApr 25th, 2017

Wells Fargo board pays price for ignoring whistleblowers

Wells Fargo & Co directors could have avoided a shareholder backlash over a sales practices scandal if they had paid more attention to scores of whistleblowers who complained, in vain, for years......»»

Category: topSource: moneycentralApr 24th, 2017

Wells Fargo board pays price for letting whistleblowers whistle in the wind

NEW YORK (Reuters) - Wells Fargo & Co directors could have avoided a shareholder backlash over a sales practices scandal if they had paid more attention to scores of whistleblowers who complained, in vain, for years......»»

Category: topSource: reutersApr 24th, 2017

Wells Fargo shows some stability, resumes promoting accounts

Wells Fargo's sales practices scandal isn't going away anytime soon, with first-quarter profit essentially flat as the bank struggled to win customers.....»»

Category: topSource: abcnewsApr 14th, 2017

Wells Fargo orders two executives to pay back an additional $75 million after sales scandal probe

Bad sales practices date back far longer than initially acknowledged......»»

Category: topSource: washpostApr 10th, 2017

Wells Fargo Claws Back $75 Million From Former CEO and Another Top Exec After Sales Scandal

An internal investigation revealed that senior management was unwilling to hear criticism or consider changes in sales practices......»»

Category: topSource: incApr 10th, 2017

Wells claws back $75 million from top execs in sales scandal

Wells Fargo's board of directors has clawed back an additional $75 million from former CEO John Stumpf and executive Carrie Tolstedt for their roles in a sales practices scandal.....»»

Category: topSource: abcnewsApr 10th, 2017

Wells Fargo Claws Back $75 Million More From 2 Executives Over Fake Accounts

Former CEO John Stumpf "was too slow" to realize the risk of sales practices, the bank's board says. The scandal also brought an $185 million punishment from the Consumer Financial Protection Bureau......»»

Category: topSource: nprApr 10th, 2017

Wells Fargo claws back another $75M from former top executives

Former Wells Fargo & Co. CEO John Stumpf and the bank's former retail bank leader will forfeit millions more in compensation following the bank's sales practices scandal. The Wall Street Journal reports on a 113-page report released today by Wells .....»»

Category: topSource: bizjournalsApr 10th, 2017

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