Tag Archives: Wells Fargo

The Chairwoman of the House Financial Services Committee is seeking more information on reports that the bank was seeking to remove the asset cap introduced in the wake of its fake accounts scandal.

In addition, the bank will also be supporting its employees through a $10 million donation to its WE Care Fund.

The House Financial Services Committee heard testimony from the banks’ new CEO on the plans to rebuild public trust following the account scandal from 2016.

Charlie Scharf, Wells Fargo’s new CEO and President, called the action by former employees, including the opening of millions of unauthorized or fraudulent accounts “inexcusable.” 

The Office of the Comptroller of Currency states that John Stumpf has also agreed to a $17.5 million fine. The bank’s new CEO says the actions of former employees were “inexcusable.”

Wells Fargo's Q4 results included comments from the bank's new CEO and President Charlie Scharf, who took the position in September.

Part of Wells Fargo's and Habitat for Humanity's partnership will include fights against neighborhood blight through neighborhood revitalization.

Here's where the former head of consumer banking at JPMorgan Chase will be putting his focus in his new role at Wells Fargo.

The Board of Directors of Wells Fargo & Company recently announced that it has named Charles W. Scharf as the company’s CEO and President, taking over for interim CEO and President C. Allen Parker.

From important milestones to new additions and technology, get the latest industry buzz in this update.