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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.

The Charlotte Observer on MSN · 4h

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.

The Wall Street Journal on MSN · 1d

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.

The Business Journals · 8h

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.

Winston-Salem Journal · 10h

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

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 ...

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.

Bank earnings: JPMorgan's stock shoots toward record after beat, Wells Fargo tops estimates

JPMorgan, Wells Fargo, Goldman Sachs and Citi are kicking off earnings season on Wednesday with their December-quarter ...

devdiscourse4h

Wells Fargo's Optimistic Surge: Banking on Future Growth

Wells Fargo's profits exceeded expectations due to a rebound in dealmaking. The bank forecasts growth in interest income by 2025, driven by lower deposit costs and recovering loan demand. CEO Charlie ...

5don 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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