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 layoffs come just weeks after the Fed removed Wells Fargo’s $1.95 trillion asset cap punishment over its 2016 fake sales scandal.

Wells Fargo’s history of fines, fraud, and misconduct spans years, including a $3B settlement and its $2T cap being lifted in 2023.

Ex-Wells Fargo executives now face painful fines in the latest scandal regarding the involvement of creating fake bank accounts. In a significant move reflecting ongoing accountability in the ...

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 ...

A former Wells Fargo executive was recently sentenced for her role in the bank's 2016 fake account scandal. WSJ's Ben Eisen explains why that sentencing isn't the end of this story for Wells Fargo ...

The Securities and Exchange Commission on Friday charged former Wells Fargo CEO John Stumpf and a top lieutenant with misleading investors about the success of the division at the heart of the ...

Wells Fargo announced that it will pay the substantial financial penalty to both the DOJ and the SEC. Roughly $500 million of the fine will be allocated to the SEC. The regulator will use the ...

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 over its fake ...

Wells Fargo was hit with a $3 billion fine Friday by federal authorities outraged by the millions of fake accounts created at the troubled bank over many years.