Por: Business Insider Business December 30, 2022
Since joining in 2019, Wells Fargo CEO Charlie Scharf of the bank, sold off once-core businesses like asset management, simplified business lines — and in some cases, created new divisions entirely. In 2020, — Strategy, Digital, and Innovation (SDI) — to tie together its vast tech footprint on the back end and establish a unified online banking experience for customers on the front end. SDI is now headed by Ather Williams III, who joined... + full article
CBS News USA Business December 21, 2022
Federal regulators ordered Wells Fargo to pay $3.7 billion in fines and refunds to customers, marking the largest fine to date against the nation's third largest bank.The fines come after the Consumer Financial Protection Bureau (CFPB) alleged Wells Fargo has illegally... + más
Wells Fargo to pay $3.7B over consumer loan violations | 10 WBNS
Wells Fargo to pay $3.7B over consumer law violations | Associated Press
Business Insider USA Business December 21, 2022
For the fifth time in six years, Wells Fargo is ponying up a lot of money to settle a scandal.Wells Fargo is agreeing to to resolve allegations by a top consumer agency that the bank's illegal practices cost customers billions of dollars.The Consumer Financial Protection... + más
Wells Fargo to pay $3.7 billion settlement over latest allegations of illegal activity | CBS News
Los Angeles Times USA Business December 21, 2022
Consumer banking giant Wells Fargo agreed to pay $3.7 billion to settle charges that it harmed customers by charging illegal fees and interest on auto loans and mortgages, as well as incorrectly applying overdraft fees against savings and checking accounts. Wells was ordered to... + más
Wells Fargo is paying yet another huge penalty to settle more allegations it harmed its own customers | Business Insider
10 WBNS USA Nation December 20, 2022
WASHINGTON — Consumer banking giant Wells Fargo agreed to pay $3.7 billion to settle a laundry list of charges that it harmed consumers by charging illegal fees and interest on auto loans and mortgages, as well as incorrectly applied overdraft fees against savings and checking... + más
CBS News USA Business November 11, 2022
One of the nation's largest labor groups is accusing Wells Fargo of trying to deter employees at the financial giant from forming a union.The Communication Workers of America filed two against Wells Fargo this week, alleging that managers threatened and disciplined workers... + más
Sen. Elizabeth Warren calls Wells Fargo CEO 'evasive,' presses bank for fraud complaints on Zelle payment platform | CNBC
As Wells Fargo prepares to purge thousands of accounts from its private bank, leaked documents reveal the script its wealth advisors are using to prevent downgraded clients from jumping ship | Business Insider
CNBC USA Politics November 07, 2022
In this articlePedestrians pass a Wells Fargo bank branch in New York, U.S., on Thursday, Jan. 13, 2022.Victor J. Blue Bloomberg Getty ImagesSen. Elizabeth Warren called CEO Charles Scharf evasive, saying the bank's answers to her questions about fraud across the Zelle... + más
Why Zelle moves twice as much money as Venmo and the Cash App combined | MarketWatch
Fraud, scam cases increasing on Zelle, Senate report finds | Los Angeles Times
Business Insider USA Business October 03, 2022
Wells Fargo CEO Charlie Scharf is , and tens of thousands of customers are about to feel the pinch.Last year, in an effort to streamline its sprawling wealth-management business, Wells Fargo folded its private-banking operations into its brokerage unit; retired the upscale Abbot... + más
Inside the turmoil at Credit Suisse | Business Insider
New $50M Club Level at the Wells Fargo Center will open this fall with new restaurants, bars, retail and seating options | PennLive
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