Wells Fargo

Wells Fargo bank analysts are predicting the return of Walt Disney CEO Bob Iger will lead to a spinoff of ESPN and ABC.

The Consumer Financial Protection Bureau (CFPB) has ordered Wells Fargo to pay $3.7 billion in compensation for illegally assessing fees and unlawful interest rate charges to its customers

A judge recommends three ex-Wells Fargo executives pay a combined $18.5 million in fines over their alleged roles in the mega-bank's fake accounts scandal.

Wells Fargo agrees to a $94 million class-action settlement for allegedly forcing more than 200,000 customers into forbearance without their consent in violation of the CARES ACT,

Wells Fargo, Bank of America, Goldman Sachs and Morgan Stanley increased their dividends on Monday after they cleared the Fed's annual stress test exercise last week.

Wells Fargo has hit pause on its diversity-focused hiring policy following a report that the company held "fake" job interviews of minority candidates.

Wells Fargo & Co. must fix its governance and risk-management issues, the chairman of the U.S. Senate Banking Committee said, highlighting what he called a "laundry list" of consumer abuses and compliance breakdowns.

Wells Fargo is being accused by a former executive of conducting fake job interviews with minority candidates for jobs that were already promised to another candidate.

In making the new projection, Wells Fargo noted that "consumer activity has weakened" considerably as the economy confronts new COVID-19 outbreaks and restrictions, sky-high inflation and a strong U.S. dollar, in addition to the Russian war in Ukraine and aggressive Fed monetary policy.

With the Federal Reserve moving rapidly to tame sky-high inflation by aggressively raising the benchmark federal funds rate, Charlie Scharf said that it is likely there will be some economic fallout.

With the Federal Reserve taking an increasingly hawkish approach to tackling the hottest inflation in 40 years, an increasing number of Wall Street banks are forecasting an economic recession in coming years.

Wendy Williams is requesting Wells Fargo give her access to her money, saying in a video on Wednesday that the bank is not treating her fairly.

Wall Street’s hybrid work week is here to stay and the economic implications on New York City and New York State’s budgets could prove to be devastating.

Some big U.S. banks are buying more U.S. government securities as yields start to rise and the Federal Reserve appears ready to taper its bond-buying program - a balance sheet shift that analysts say could boost bank earnings by several percentage points depending on how they play their hands.

Four of the largest U.S. banks said their profits grew by double-digits last quarter, as a healthier U.S. economy has allowed banks to have fewer bad loans and charge-offs.

Wells Fargo is re-evaluating its return to office plans following President Biden's order requiring workplaces with 100 or more employees to mandate COVID-19 vaccinations or weekly tests.

Sen. Elizabeth Warren on Tuesday urged the Federal Reserve to break up Wells Fargo, arguing corruption and scandals at the financial powerhouse posed "substantial risks" to consumers and the financial system.

A top U.S. banking regulator fined Wells Fargo (WFC.N) $250 million and placed new restrictions on the bank's business after finding shortcomings in its earlier efforts to pay back customers it had previously harmed.

Mr. Noski, a former chief financial officer of Bank of America Corp. who joined the board in 2019, will remain on the board until his retirement at the end of September.

Wells Fargo & Co swung to a profit in the second quarter, the bank said on Wednesday, as it released funds set aside to cover soured loans, while costs tied to its years-old sales practices scandal stabilized.