Newly appointed Wells Fargo CEO Tim Sloan has told employees that he is "sorry for the pain" that the bank's employees have felt.
NEW YORK— Newly appointed Wells Fargo CEO Tim Sloan told employees Tuesday that he is "sorry for the pain" that the bank's employees have suffered as a result of the company's sales practices scandal. The bank faces several class-action lawsuits, as well as criminal investigations by the Department of Justice and the California Attorney General's Office.
NEW YORK— Wells Fargo launched a new advertising campaign this week to address the company's ongoing sales practices scandal and what it is doing to make things right for its customers. Wells is also buying ads on the major Spanish language networks Telemundo and Univision, said Wells Fargo spokesman Mark Folk. The bank faces several class action lawsuits, as...
A new study says fallout from the bank's scandal could total $4-billion in lost revenue and shrink its customer base.
After weeks of ugly headlines, the worst of the fallout may just be starting for Wells Fargo, according to a new study on the bank's troubles.
Wells Fargo and the Commonwealth Bank of Australia (CBA) have used blockchain to process a shipment of cotton from the U.S. to China.
Former employees say looking for weakest clients to target was 'like lions hunting zebras.'
"Bankers wanted the quickest, easiest sale — the low-hanging fruit,'' a former Wells Fargo banker says.
David Katz, Matrix Asset Advisors CIO, shares his take on the current market environment, including where he sees value.
Wells Fargo would like for the accounts scandal to end, but lawmakers and regulators say they will not let it go that quickly. NYT reports.
Bank of America dedicated an entire slide of its quarterly earnings presentation to digital banking trends as a focus on consumer finance tech grows.
The San Francisco-based lender is no longer accredited, making it possibly the biggest business ever to fall into that category.
Some of the names on the move ahead of the open.
Verizon, Dunkin' Brands and Tesla are making headlines on Wall Street this Thursday morning.
California's attorney general is conducting a criminal investigation into whether employees at San Francisco-based Wells Fargo bank stole identities.
These are the stocks posting the largest moves after the bell on Wednesday, including: American Express, Mattel, eBay and more.
SACRAMENTO, Calif.— California's attorney general is conducting a criminal investigation into whether employees at San Francisco- based Wells Fargo bank stole customers' identities in the sales practices scandal that rocked the bank and cost its CEO his job, documents released Wednesday show. Copies obtained by The Associated Press under a public records...
According the LA Times, California Attorney General Kamala Harris is investigating Wells Fargo on allegations of identity theft. CNBC's Seema Mody reports.
We could finally be seeing the tide turn in earnings as S&P 500 estimates have turned positive.
The big banks made more money a decade ago because of today's stifling government regulations and Fed controls, banking analyst Dick Bove tells CNBC.