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 ...

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 ...

Three former Wells Fargo executives must pay $18.5 million for their role in the bank’s widespread fake sales accounts scandal that came to light nearly a decade ago. Based in San Francisco ...

(Reuters) -Wells Fargo's profit beat expectations in the fourth ... year effort to fix compliance problems from a fake accounts scandal that erupted in 2016. The Fed imposed a $1.95 trillion ...