Finding a new CEO for a troubled company isn't easy

Jun 11, 2019
Wells Fargo, in trouble with regulators and lawmakers, is having trouble finding a new boss.
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More bad news for Wells Fargo

Aug 31, 2018
After two years of scandals, now the bank is dealing with employees who forged meal receipts.
A cable car passes by a Wells Fargo branch. The banking company has a team of historians to research and document the family histories of its top clients. 
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With Fed giving Wells Fargo good marks on its financials, the bank tries to look beyond recent scandals

Jul 2, 2018
Wells Fargo has seen its share of bad headlines recently … from news it opened fake accounts, to a payout of $1 billion to settle claims of improper mortgage and auto lending practices. But there was a bright spot for the bank last week when it passed the Federal Reserve’s annual stress test, that measures […]

Big tech and banks are using mea culpa ads to appeal to their users

May 18, 2018
When it comes to crisis management, one expert says apologies and promises are not enough

Mulvaney on the CFPB: "We need to be a regulator, not somebody's child"

Apr 20, 2018
The acting director of the Consumer Financial Protection Bureau talks about the agency's decision to fine Wells Fargo.
Then Rep. Mick Mulvaney (R-SC) testifies before the Senate Homeland Security and Governmental Affairs Committee during his confirmation hearing to be the next director of the Office of Management and Budget on Jan. 24, 2017 in Washington, DC.
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Wells Fargo to pay $1 billion for mortgage, auto lending abuses

Apr 20, 2018
The settlement also contains other requirements that would restrict Wells Fargo’s business.
Justin Sullivan / Getty Images

What the Fed's crackdown on Wells Fargo says about the future of financial regulation

Feb 5, 2018
Jerome Powell was sworn in as the new chairman of the Federal Reserve today. But it’s his predecessor, Janet Yellen, who’s making waves in the markets. Last Friday, in one of her last actions as Fed chair, Yellen slapped an unprecedented penalty on Wells Fargo. The bank can no longer grow larger until it makes […]

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Strong economy and political tailwinds add up for banks in 2018

Jan 11, 2018
As Wells Fargo and JP Morgan Chase report earning this week, analysts are looking ahead and anticipating that the tax bill, regulatory rollbacks, and a sound overall economy with low unemployment will mean a strong year for banks. Click the audio player above to hear the full story. 

Fed Chair Janet Yellen: Wells Fargo's actions are "unacceptable"

Sep 21, 2017
Federal Reserve Chair Janet Yellen said the Fed is prepared to take action against Wells Fargo but won’t say when. For its part, Wells Fargo said it’s committed to making things right for its customers and is eliminating sales goals for retail bankers in its branches and call centers.  

Changes at the top for Wells Fargo

Aug 17, 2017
Scandal-besieged Wells Fargo seems to be cleaning up its act. It’s replacing three of 15 board members, including the chairman. Stephen Sanger will step down at the end of the year and current Vice Chair Elizabeth Duke will take his place. Is this a real change for the bank? Click the audio player above to […]