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Tag Archives: wells fargo

Wells Fargo says 3.5 million accounts involved in scandal

The scope of Wells Fargo’s fake accounts scandal grew significantly on Thursday, with the bank now saying that 3.5 million accounts were potentially opened without customers’ permission between 2009 and 2016. That’s up from 2.1 million accounts that the bank ...

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What happens to corporate crime cases with the FBI in flux?

WASHINGTON — There’s the federal criminal investigation into Wells Fargo’s opening of unauthorized client accounts. And the probe of Fox News’s business practices. And the investigation of Baxter International, Pfizer and ICU Medical over their medical pricing and dealings with ...

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Wells Fargo fires 4 senior managers in sales scandal

  Wells Fargo’s board of directors fired four senior managers as part of its investigation into the bank’s sales practices scandal. Tuesday’s announcement is the first public firing of managers and executives since Wells acknowledged in September that its employees ...

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Wells Fargo discloses SEC investigation into sales practices

Wells Fargo has confirmed that the Securities and Exchange Commission is investigating its sales practices and revealed that it has almost doubled to $1.7 billion the amount set aside to deal with its legal problems. The bank said in a ...

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As Md. examines accounts, Wells Fargo Md. chief vows to overcome scandal

Amid scrutiny from Congress and from regulators here and across the country, the head of Wells Fargo’s Maryland operations says he wants to put his focus back on the customer and move past revelations of the bank’s toxic work environment ...

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Wells Fargo hoping to ‘make things right’

In a new ad slated to be printed in major newspapers across the country, Wells Fargo is telling customers that it is fixing the sales practices that led to millions of unauthorized accounts. “We are deeply committed to serving you ...

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