Wells Fargo Claws Back $75M From Execs In Sales ScandalWells Fargo bank board clawed back some $75 million in pay from two former executives, CEO John Stumpf and community bank executive Carrie Tolstedt, saying both executives dragged their feet for years regarding problems at the second-largest U.S. bank.
Wells Fargo Still Feeling Impact Of Sales Practices ScandalWells Fargo is still seeing fewer people at its bank branches as well as a decline in checking-account openings as the scandal over its sales practices takes its toll.
Fed Hikes Key Rate For Second Time In 3 MonthsThe Federal Reserve is raising its benchmark interest rate for the second time in three months and signaling that any further hikes this year will be gradual.
SEC Investigating Wells Fargo, Bank Ups Legal Reserves FundWells Fargo confirmed an investigation by the Securities and Exchange Commission into its sales practices, and the bank revealed that it has almost doubled funds set aside to deal with its ongoing legal problems.
Wells Fargo Pushing Ad Campaign Addressing Sales ScandalWells Fargo has launched a new advertising campaign to address the company's ongoing sales practices scandal and what it is doing to make things right for its customers.
Wells Fargo's Earnings Fall As Bank Deals With ScandalWells Fargo's earnings slipped in the third quarter, the bank said Friday, as the banking giant started dealing with the aftermath of a sales practices scandal that has consumed it in recent weeks.
Wells Fargo CEO Is Out As Bank Grapples With Sales ScandalWells Fargo's embattled CEO John Stumpf is stepping down as the nation's second-largest bank is roiled by a scandal over its sales practices.
House Lawmakers Heap Criticism On Wells Fargo CEOAngry lawmakers heaped another round of blistering criticism on Wells Fargo's CEO, pressing Thursday for details about what senior managers knew about allegedly illegal sales practices and when any concerns were disclosed.
JPMorgan Breach Heightens Security DoubtsNew details on a cyberattack against JPMorgan's computer servers this summer add to increasing doubts over the security of consumer data kept by lenders, retailers and others.
ATM & Checking Account Overdraft Fees SurgeBanks are reaping bigger fees whenever customers overdraw their checking accounts or use ATMs that are not affiliated with their lender, a new survey shows.
Dallas Council: Police Allowed Access To Bank RecordsA controversial vote by the Dallas City Council decided to give police the power to search individuals' bank accounts if they believe someone is involved in criminal activity.
Regulators Shut Down Bank Regulators have closed a small bank in The Woodlands, bringing the number of U.S. bank failures to 24 this year.