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Wells Fargo
Wells Fargo - Keyboard Warriors Fired for Fake Work
- When the mouse doesn't roar: A scandalous tale of fake work at Wells Fargo.
- The bank's wealth and investment management divisions were hit following an investigation.
- Wells Fargo's history of scandals and its recent staff firings cast a shadow.
Friday, 14/06/2024 | 08:14 GMT by
Louis Parks
Wells Fargo Pays the Price for Efficiency
- The US finance house is paying up to $1 billion in severance costs to trim its workforce.
- The bank is focusing on efficiency as it navigates a challenging economic environment.
- The US institution hasn't been doing too well in the press recently.
Tuesday, 12/12/2023 | 11:17 GMT by
Louis Parks
Wells Fargo Pushed to Improve Financial Crime Monitoring
- Regulators are pressuring the bank to improve its compliance procedures.
- The bank’s processes, rather than a specific event or client, are being questioned.
- Wells Fargo is also facing a lawsuit claiming it allowed a client to run a Ponzi scheme.
Thursday, 23/11/2023 | 11:38 GMT by
Louis Parks
FINRA Fines Wells Fargo Second Time in a Month
- The bank accepted the censure and a fine of $75,000.
Friday, 27/11/2020 | 09:54 GMT by
Arnab Shome
Wells Fargo Secures Mike Santomassimo as CFO
- Santomassimo will be succeeding John Shrewsberry and will join in fall of 2020.
Wednesday, 22/07/2020 | 03:18 GMT by
Celeste Skinner
Wells Fargo Hires Julia Bates as Technology Control Executive
- She moves to the firm from JP Morgan
Friday, 10/04/2020 | 13:25 GMT by
Finance Magnates Staff
Wells Fargo to Pilot Its Own Crypto for Internal Settlements
- The bank has developed its own blockchain on R3’s Corda Enterprise.
Wednesday, 18/09/2019 | 08:25 GMT by
Arnab Shome
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