To help customers in the midst of the coronavirus pandemic, the nation's largest bank introduced measures like waivers for late fees and a 90-day grace period for mortgage payments
The Federal Deposit Insurance Corporation announced late Friday the closing of the First State Bank, based in Barboursville, West Virginia.
The company joins several banks and other brands helping employees.
Banks are rolling out hardship programs for cardholders financially slammed by the coronavirus pandemic.
In a letter to bankers a number of agencies, including the Federal Reserve and the FDIC, pushed banks to offer small-dollar loans to customers subject to coronavirus-related financial need.
Financial website NerdWallet offers a review of going digital.
Banks around the country are adapting to the coronavirus pandemic by asking patrons to make appointments, going drive-through only and even closing down locations as they continue to operate.
The government alleged the bank's employees opened fake accounts for customers in order to meet aggressive sales targets.
The U.S. government on Wednesday said it has hit a former risk officer at a subsidiary of U.S. Bancorp with a $450,000 civil penalty for his role in failing to prevent violations of the U.S. anti-money laundering law
The pay increase will affect 20,000 of the bank's U.S. employees. The company says it wanted to issue the pay increase to better account for "the cost of living in each Wells Fargo market."
The World Bank announced Wednesday that it is making $12 billion available to provide immediate support to low-income countries dealing with the health and economic impacts of the coronavirus.
The DOJ slapped the bank over its fake account scandal.
Wells Fargo could settle a number of cases with the federal government related to abusing its customers by opening fake accounts in their name and other practices.
U.S. prosecutors overlooked apparent violations of U.S. sanctions against Iran by HSBC Holdings in exchange for the British bank's cooperation with a government investigation of Huawei Technologies, lawyers for the Chinese telecom giant said.
Experts believe you should try different banks until you find the one.
Regulators and Wells Fargo ’s board have said the company’s decentralized structure was among the chief causes of the fake accounts scandal.
"I didn't do any wrongdoing," Russian President Vladimir Putin's banker Andrey Kostin maintained as he made the case for why the sanctions are unfair.
U.S. bank JPMorgan Chase & Co (JPM.N) said it plans to buy a building in central Paris as it relocates some services from London after Britain’s exit from the EU