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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.

USA Today · 14h

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 Wall Street Journal on MSN · 1d

Former Wells Fargo Execs Fined for Role in Fraudulent Bank Accounts

Three former Wells Fargo executives have been fined a total of $18.5 million for their alleged roles in opening fraudulent bank accounts, the Office of the Comptroller of the Currency said Tuesday.

The Business Journals · 18h

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 · 19h

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

18h

Wells Fargo Pins Decline in Net Interest Income on Lower Rates

Wells Fargo said fourth-quarter net interest income, a key metric for banks, fell 7% to $11.8 billion in the quarter from $12 ...

18h

Wells Fargo's commercial banking revenue down 6%

Wells Fargo's commercial banking revenue fell 6% to $3.171 billion in the fourth quarter, as middle-market banking was down 2% and asset-based lending and leasing was down 12%. Average loans fell 1% ...

devdiscourse13h

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 ...

6don 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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