The layoffs come just weeks after the Fed removed Wells Fargo’s $1.95 trillion asset cap punishment over its 2016 fake sales ...

The U.S.’s largest banks remained “resilient” after absorbing $550 billion in losses in a simulated economic shock.

For instance, according to details from Wells Fargo regulator the Office of the Comptroller of the Currency, one banker was "counseled" for only making 110% of their goal while a ...

In addition to trimming the private bank's ranks and spreading resources thin, Wells Fargo management has also frustrated talent with its flip-flopping on strategies, people who spoke to Insider said.

U.S. consumer loan growth is likely to remain muted for the rest of the year and could potentially slide, Wells Fargo Chief Financial Officer Mike Santomassimo ...

While having ceded the No. 1 spot among originators a while ago, Wells Fargo is still a significant player. United Wholesale Mortgage, the most prolific lender in the third quarter, produced $33.5 ...

Wells Fargo chose Scharf as CEO in 2019 after a six-month search mired in controversy. His two predecessors, Tim Sloan and John Stumpf, were ousted in the wake of the sales practices scandal that ...

Federal regulators have lifted Wells Fargo’s $1.95 trillion asset cap, its biggest penalty since the 2016 fake accounts scandal, allowing growth again.

Wells Fargo said in an earnings report Wednesday that net interest income from wealth and investment management was down by 6% to $856 million in the last quarter of 2024. That, according to a ...

Unions rise again: Labor collectives vs. Amazon 04:58. One of the nation's largest labor groups is accusing Wells Fargo of trying to deter employees at the financial giant from forming a union.

The Federal Reserve system's top crusader against banks that are too big to fail doesn't think the latest Wells Fargo scandal is a case of a company that's too large to manage. "This is just bad ...

Wells Fargo, once the No. 1 ... it will now focus on home loans for existing bank and wealth management customers — and ... These changes have been implemented as the lending market has ...