Wells Fargo & Co news

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Wells Fargo Troubles Mount With Penalty for Soldiers' Loans
Wells Fargo & Co., reeling from weeks of pummeling over fraudulent customer accounts, was sanctioned by the Justice Department over improperly repossessing cars owned by members of the military.
Wells Fargo fined $24 million over servicemember loans  Reuters
Wells Fargo to pay $24.1 million for improper repossession of servicemembers ...  Los Angeles Times
Wells Fargo plans to eliminate sales goals sooner than planned
Embattled Wells Fargo & Co plans to eliminate sales goals for its retail banking business sooner than planned, according to prepared remarks its chief executive officer will deliver at a congressional hearing on Thursday.
Wells Fargo's CEO Forfeits $41 Million in Fight to Keep Job  Bloomberg
Wells Fargo CEO forfeits $41 million as company launches probe  CNNMoney
Wells Fargo Call Writing Just Got More Attractive
Despite the fake-account-opening scandal, Wells Fargo continues to pay a big attractive dividend (3.4%). Some contrarians may be considering buying more shares after the stock took another beating from Congress yesterday.
Wells Fargo Isn't the Only Bank That Draws Cross-Selling Complaints
... the U.S. government. While customer complaints don't equal illegal conduct, the complaint database run by the Consumer Financial Protection Bureau shows that Wells Fargo hasn't been much of an outlier when it comes to complaints associated with ...
Wells Fargo Exec Who Headed Phony Accounts Unit Collected $125 Million
Wells Fargo & Co's WFC -2.27% “sandbagger”-in-chief is leaving the giant bank with an enormous pay day—$124.6 million.
Wells Fargo's CEO to Face Senate Panel in Cross-Selling Scandal  Bloomberg
Senate to hold hearing on Wells Fargo's aggressive sales tactics  Los Angeles Times
How Wells Fargo's High-Pressure Sales Culture Spiraled Out of Control
John Stumpf, Wells Fargo's chairman and chief executive, denies that the company's culture is obsessed with nonstop selling that ran amok.
Wells Fargo faces scrutiny over lack of sales scandal disclosure  Reuters
Wells Fargo Slammed in Customer Suit Over Account Abuses  Bloomberg
Global Blood Therapeutics Inc. (GBT) Now Covered by Wells Fargo & Co.
Research analysts at Wells Fargo & Co. started coverage on shares of Global Blood Therapeutics Inc. (NASDAQ:GBT) in a research note issued on Friday.
Amidst the Controversy, Is Now the Time to Buy Wells Fargo & Co?
Wells Fargo (NYSE:WFC) stock has declined over 15% year-to-date. Bearish momentum has been building in the past month as the company struggles with the outrage surrounding millions of unauthorized customers accounts opened by Wells Fargo ...
Wells Fargo Would Owe Deceived Customers Less Than $50 Million: Goldman  Bloomberg
US House panel to hold hearing on Wells Fargo accounts scandal  Reuters
Wells Fargo Sits Out Bank Rally After Downgrade
Beleaguered Wells Fargo & Co. shares aren't joining the rally in bank stocks Wednesday. Wells Fargo is off 1.3% to $45.95 in recent trading thanks to a downgrade from J.P.
Wells Fargo & Co. CEO faces withering criticism in testimony before ...  Crain's Cleveland Business
Lawmakers press Fed Chief Janet Yellen to punish Wells Fargo for fake accounts ...
Outraged lawmakers pressed Federal Reserve Chairwoman Janet L. Yellen on Wednesday to punish Wells Fargo & Co. for creating as many as 2 millions fake accounts, but she declined to commit to any regulatory penalties.
Yellen Says Fed Grilling Biggest Banks Amid Wells Fargo Furor  Bloomberg
Yellen Pressed to Scrutinize Big Banks in Wake of Wells Fargo Scandal  Wall Street Journal