In a significant development, following the slow pace of Wells Fargo & Co’s efforts to compensate victims of its fraudulent sales practice scandals, U.S. regulators have now warned the bank that it potentially faces new sanctions. The Consumer Financial Protection Bureau… Read More ›
In what is likely to be Wells Fargo & Co’s biggest shake up since former Bank of New York Mellon chief executive Charles Scharf joined the bank as its CEO in 2019, sources familiar with the matter at hand have… Read More ›
According to a source familiar with the matter at hand, Wells Fargo & Co has fired around 100 to 125 employees for unethical behavior including helping themselves with coronavirus relief funds. According to an internal memo, Wells Fargo believes that… Read More ›
According to an internal memo from Wells Fargo & Co, the U.S. bank is set to join its peers in paying out a special compensation package to front-line employees. San Francisco-based Wells Fargo said, it would provide all of its… Read More ›
Wells Fargo “predatory and unlawful practices” continues to haunt the bank. The scandal saw two CEOs leave the bank. Wells Fargo is still looking for a CEO. According to a statement from the Navajo Nation, a Native American tribe, Wells… Read More ›
If all goes well with the potential deal, worth possibly more than $1 billion, an announcement could be made later this month. According to sources familiar with the matter at hand, Principal Financial Group Inc is in advanced talks to… Read More ›
For the first time, LGM massive losses, due to vol-mageddon, have now been revealed in a court filing. In the first public disclosure which details as to why LGM Partners Ltd, a fund manager, became one of the biggest casualties… Read More ›
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