WASHINGTON/NEW YORK President Donald Trump took aim at the third-largest U.S. bank on Friday, writing on Twitter that government fines and penalties against Wells Fargo & Co could be hiked amid an ongoing sales scandal. | Video
New York state Comptroller Thomas DiNapoli is asking Wells Fargo & Co to disclose more information about employee incentive pay, an issue that was at the heart of a scandal that has roiled the third-largest U.S. lender for more than a year.
Dec 7 New York State comptroller Thomas DiNapoli
is asking Wells Fargo & Co to disclose more information
about employee incentive pay, an issue that was at the heart of
a scandal that has roiled the third-largest U.S. lender for more
than a year.
NEW YORK/WASHINGTON Wells Fargo & Co announced on Friday it fired its head of consumer lending, a move that people familiar with the matter said was because he disparaged a bank regulator to a fired employee.
Wells Fargo & Co's chief financial officer said on Wednesday he is not worried that consumers are struggling to pay their debts.
Bank of America Corp , JPMorgan Chase & Co , Wells Fargo & Co and American Express Co , have created a company called TruSight to standardize the work of vetting third party suppliers and partners, according to an announcement Tuesday by the newly-formed consortium.
U.S. post-financial crisis rules that place strong trading restrictions on banks has fueled the rise of private trading firms that have grabbed market share, a top Bank of America Corp executive said on Tuesday.
NEW YORK/WASHINGTON Small Main Street banks vowed on Wednesday to fight any review of a ban that prevents retailers such as Wal-Mart Stores Inc and tech companies like Amazon.com Inc from becoming fully fledged banks.
Wells Fargo Inc on Monday launched a new robo-adviser to give first-time investors a low-cost option to invest, joining other financial firms in the hunt for tech-savvy customers looking to enter the markets.
Wells Fargo & Co is facing litigation over previously disclosed sales problems related to its auto lending and mortgage businesses, the bank disclosed in a regulatory filing on Friday.