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Wells Fargo also confirmed that it had fired over 5,300 employees over the past few years related to shady sales practices. CEO John Stumpf claimed that the scandal was the result of a few bad apples who did not honor the company’s values and that there were no incentives to commit unethical behavior. The board initially stood behind the CEO ...
Apr 13, 2018 · There is a typical arc of bank scandals. Wells Fargo appears to be caught in a feedback loop, and its first-quarter earnings provided more evidence of that. Wells Fargo said Friday morning that ...
Feb 22, 2020 · Wells Fargo WFC 3.07% & Co. will pay $3 billion to settle investigations by the Justice Department and the Securities and Exchange Commission into its long-running fake accounts scandal, closing ...
Nov 13, 2020 · The SEC charges against Tolstedt and Stumpf come after the agency charged the bank in February with misleading investors about the fake-accounts scandal. Wells Fargo agreed to pay $3 billion in ...
Feb 21, 2020 · By Pete Williams. Wells Fargo, the nation's fourth-largest bank, agreed Friday to pay a $3 billion fine to settle a civil lawsuit and resolve a criminal prosecution filed by the Justice Department ...
Feb 21, 2020 · Wells Fargo has agreed to pay $3bn in criminal and civil penalties for fraudulently opening millions of customer accounts in a scandal that federal authorities said reflected a “complete failure ...
Feb 16, 2024 · US eases restrictions on Wells Fargo after years of strict oversight following scandal Motorists drive past a sign outside a branch of Wells Fargo bank, Wednesday, Sept. 20, 2023, in Deadwood, S.D. The Biden Administration is easing its restrictions on banking giant Wells Fargo, saying the bank has sufficiently fixed its toxic culture after ...
