Still overshadowing Wells Fargo is the $1.9 trillion asset cap ordered by the Federal Reserve in February 2018 related to its fraudulent customer account scandal that erupted in September 2016.

We are increasing our fair value estimate for Wells Fargo to $65 per share from $60 per share after incorporating the latest results. This fair value estimate is equivalent to 1.6 times the reported ...

The order, the seventh terminated since 2019 for the bank, related to Wells’ auto lending, mortgage and consumer deposit ...

The top U.S. consumer watchdog has terminated a 2022 order punishing Wells Fargo for allegedly mishandling auto loans and ...

In 2022, the CFPB had ordered the bank to pay $3.7 billion for ‘widespread’ problems with its auto loans, mortgages and ...

Our opinions are our own. Wells Fargo launched the Attune card in June 2024 to encourage the health and wellness of the self, one’s pets and the planet. For a $0 annual fee, the card earns an ...

Scharf noted that this was the sixth consent order regulators had terminated since he joined Wells Fargo in 2019. "Our ...

Wells Fargo's Q4 profit exceeded expectations due to a revival in deal-making. Investment banking fees surged 59%, and the bank anticipates higher interest income in 2025. CEO Scharf's efforts have ...

Wells Fargo delivered a fourth-quarter profit that exceeded expectations, fueled by a revival in dealmaking and projected gains in interest earnings for the year. The bank's stock rose 3.5% to $73.68 ...

MUMBAI, Jan 16 (Reuters) - India's palm oil imports are set to plunge to a near five-year low in January, hit by negative refining margins as the tropical oil's premium over rivals drives buyers ...

Wells Fargo's profit rose significantly in the fourth quarter due to a rebound in dealmaking activity. The bank has been focusing on diversifying its revenue through investment banking under CEO ...

A U.S. banking regulator said on Tuesday it had fined three former executives at Wells Fargo WFC.N for their roles in the bank's long-running fake accounts scandal. The Office of the Comptroller ...