Wells Fargo to Pay $37M to Settle Fraud Lawsuit
By Hannah Levitt and Bob Van VorisThe case involves 771 clients, including businesses and banks, that were charged too much for foreign-exchange transactions.
September 10, 2021
Wells Fargo Fined $250M Over Unresolved Issues Tied to ScandalsThe penalty adds to the $5 billion in fines and legal settlements the bank has paid over the last five years for fake accounts and more.
September 02, 2021
Wells Fargo Pushes Back Its Return to OfficeThe bank will now begin bringing back staffers who have been working remotely starting Oct. 18.
August 10, 2021
Wells Fargo Names Steve Black Chairman as Noski Steps DownCharles Noski became chairman last year after Betsy Duke resigned ahead of a congressional hearing into a series of scandals at the bank.
July 08, 2021
Wells Fargo to Shut Personal Credit Lines in Shift to CardsThe bank said it's been providing existing clients with 60-day notices their accounts will be closed.
February 23, 2021
Wells Fargo to Sell Asset Management Unit for $2.1BTwo private equity firms will buy the unit.
January 22, 2021
Ex-Wells Fargo Exec to Pay $3.5M for Role in Fake Accounts ScandalFormer General Counsel James Strother once vowed to fight charges alleging he turned a blind eye to "rampant criminal and legal violations."
September 15, 2020
Ex-Broker Says Wells Fargo's Incentives Tanked His BusinessJohn Kwit, now an RIA, tells ThinkAdvisor how the wirehouse pressured him and other employees and how referrals dried up amid the fake-accounts scandal.