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When the Federal Reserve in June lifted the $1.95 trillion asset cap it imposed on Wells Fargo back in 2018 as punishment for ...
The Wells Fargo financial scandal in 2016 diminished consumer trust in traditional banks while driving homebuyers to fintech ...
The San Francisco-based bank had long sought the move that was holding back its growth. Its CEO called it a “pivotal milestone.” ...
Wells Fargo is still trying to move beyond the 2016 fake account scandal. It's harder than it looks. It’s seven years this month since Wells Fargo’s stunning fake accounts scandal first came ...
Wells Fargo & Co on Friday reported a 31% decline in third-quarter profit as the bank racked up costs related to a fake accounts scandal and boosted its loan loss reserves in preparation for a ...
Wells Fargo's regulatory sanctions began after the fake accounts scandal was discovered in 2016. Since then, regulators identified additional problems with how the bank handled mortgages, auto ...
Wells Fargo stock soared more than 2% in after-hours trading following the announcement. Shares had closed at $75.65, up from $59.34 a year ago. The bogus accounts scandal toppled two Wells Fargo ...
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 ...
The class action lawsuit was filed in 2020, shortly after Wells Fargo agreed to pay $3 billion to settle claims related to the fake account scandal. Prime Day Deals: Shop sales in tech, home ...
It’s a win for Wells Fargo, which has spent nearly a decade trying to convince the public and policymakers that it had changed its ways. “We are a different and far stronger company today because of ...
Wells Fargo & Co. has cleared a major obstacle to its growth plans, opening the way for the bank to grow after years of restrictions related to its fake-accounts scandal.
Wells Fargo is still trying to move beyond the 2016 fake-accounts scandal. It's harder than it looks. Will Truist's $750M cost-cutting plan be enough? Wells Fargo froze his account. Now he might ...