The board is listening to shareholders, the bank's top executives tell CNBC after a rowdy annual meeting.
CNBC's Leslie Picker speaks to Wells Fargo chairman Stephen Sanger and CEO Tim Sloan following the annual shareholder meeting an re-election of all 15 directors.
Investors re-elected Wells Fargo's entire board.
Wells Fargo's annual shareholders' meeting turned rowdy Tuesday as several audience members loudly protested about the company's sales practices.
Wells Fargo re-elects all 15 directors at contentious shareholders meeting. CNBC's Leslie Picker reports.
CNBC's Leslie Picker reports on Wells Fargo's annual shareholder meeting, including a disruption by rowdy shareholders. The "Fast Money Halftime Report" traders; Kevin O'Leary, O'Shares ETFs chairman; and independent analyst Mike Mayo weigh in.
Wells Fargo's annual shareholders' meeting turned rowdy Tuesday as at least four audience members loudly protested the company's sales practices.
CNBC's Leslie Picker reports that the Wells Fargo shareholder meeting was disrupted by an audience member asking board members about what they knew about the sales practices scandal.
PONTE VEDRA BEACH, Fla.— The Latest on Wells Fargo's annual meeting after a scandal over the bank's sales practices:. Chairman Stephen Sanger said the vote showed that "shareholders sent a message to the entire board of directors a message of dissatisfaction." Wells Fargo employees, both current and former, as well as bank customers are using the general...
Some of the names on the move ahead of the open.
CNBC's Leslie Picker reports on what to expect when Wells Fargo board members meet today in Ponte Vedra Beach, Florida.
The next group of employees who could lose their jobs are Wells Fargo's board of directors, the NYT reports.
"Wells Fargo stockholders today have sent the entire board a clear message of dissatisfaction," Sanger said. The three who got 99 percent were CEO Tim Sloan— who got his job in October after former CEO John Stumpf departed— and two independent directors who started earlier this year. Wells' nearly three-hour long shareholder meeting was interrupted several times...
Wells Fargo has presented the Federal Reserve with a satisfactory plan on how to unwind its business in case of bankruptcy.
Wells Fargo's 2015 living will be cleared by the FDIC & Federal Reserve after past issues; bank must file new living will by July 1. CNBC's Courtney Reagan reports.
You might think market risks are declining, but pay close attention to these four themes.
NEW YORK— U.S. stocks slumped Friday as financial and health care companies moved lower. "I don't think anything's actually going to happen or be implemented any time soon," said Scott Wren, senior global equity strategist for the Wells Fargo Investment Institute. He said he thinks a corporate tax cut is more likely to pass Congress and become law than a tax cut for...
NEW YORK— Wells Fargo agreed Friday to expand a recently settled class-action lawsuit by an additional $32 million as well as extend claims for fraudulent accounts that may have been opened going back to 2002.. While the increase of $32 million is notable, the bigger news is Wells has now expanded its window for unauthorized accounts going back 15 years.
Companies are feeling pretty good about the economy and that should allow for a good year for the market, Katz said.
NEW YORK— The nation's big bank regulator is faulting itself for failing to address the problems at Wells Fargo before it was too late. Bank examiners saw sales problems at Wells Fargo as early as 2010 and met with executives but declined to investigate further, the inspector general at the Office of the Comptroller of the Currency said Wednesday.