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Wells Fargo scandal: US bank regulator fines three former executives over fake accounts
The trio had been previously charged by the OCC in 2020, alongside other former senior leadership of the bank, but had opted not to settle.
3 former Wells Fargo execs ordered to pay over $18 million in fake sales account scandal
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.
Former Wells Fargo Executives Fined for Role in Fraudulent Bank Accounts
The executives have been fined a total of $18.5 million for their alleged roles relating to sales misconduct in the mid-2010s.
Three more former Wells Fargo execs fined for sales practices scandal
Bank regulators say a new round of fines is the final enforcement action against former Wells Fargo executives after the sales practices scandal that came to light in 2016.
Wells Fargo fraudulent customer account scandal resurfaces with three more former executives drawing OCC fines
The fourth-quarter earnings report from Wells Fargo & Co. was overshadowed by the disclosure of three more former senior executives being fined a combined $18.5 million by the bank's federal
12h
Wells Fargo Earnings Climb as Investment Banking Shines
Wells Fargo's investment banking fees jumped 59% to $725 million in the quarter compared with a year earlier. The bank also ...
8h
Wells Fargo starting to generate growth in consumer and business banking unit
CEO Charlie Scharf says Wells is starting to generate growth in the consumer and business banking unit after years of little to no growth.
11h
Wells Fargo's commercial banking revenue down 6%
Wells Fargo's commercial banking revenue fell 6% to $3.171 billion in the fourth quarter, as middle-market banking was down 2% and asset-based lending and leasing was down 12%. Average loans fell 1% ...
6d
on MSN
Wells Fargo Taps JPMorgan Executive to Lead Its Credit-Card Business
Wells Fargo WFC -0.03% has hired JPMorgan JPM -0.02% Chase executive Ed Olebe to lead its credit-card business, people ...
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