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Wells Fargo News
Wells Fargo agrees to pay $1 billion to settle customer abuses
Fri, Apr 20, 2018
Wells Fargo & Co has agreed to pay $1 billion in penalties to federal regulators to settle a probe into abuses at its auto and mortgage businesses, the bank and regulators said on Friday, confirming an earlier Reuters report. The settlement is the most aggressive move by regulators during the
Fed orders Wells Fargo to halt growth over compliance issues
Sat, Feb 03, 2018
Wells is not allowed to grow beyond the $1.95 trillion in assets it had at the end of last year "until it sufficiently improves its governance and controls," the Fed said in a statement.
Here are key highlights of Warren Buffett's address to Berkshire Hathaway's AGM
Sun, May 07, 2017
Berkshire Hathaway co-founder and CEO Warren Buffett while addressing the company's Annual General Meeting on Saturday healthcare, trade, stock buybacks, investment in Apple and IBM, among others.
Warren Buffett assails Wells Fargo, defends 3G at wide-ranging meeting
Sun, May 07, 2017
Berkshire Hathaway chairman Warren Buffett on Saturday during a meeting criticised Wells Fargo & Co for failing to stop employees from signing up customers for bogus accounts even after learning it was happening, causing a scandal.
Wells Fargo under probe for alleged identity theft
Thu, Oct 20, 2016
Wells Fargo, under fire for creating two million unauthorised accounts for its customers, is under a criminal investigation in California over alleged identity theft, the Los Angeles Times reported.
Wells Fargo account scandal extends to small business: US senator
Wed, Oct 05, 2016
The scandal over improper sales practices at Wells Fargo & Co extended to thousands of small-business owners, according to a US lawmaker, raising questions about the scope the bank's issues with unauthorised accounts.
Fed wants more capital at largest banks
Tue, Sep 27, 2016
Shares of the largest US banks fell Monday after the Federal Reserve`s main regulator proposed higher capital requirements for them.