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.
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 […]
First, there was a scandal over millions of fake Wells Fargo accounts that broke last year. Then, accusations of changes to mortgages without notifying customers. Now, Wells Fargo faces a class-action lawsuit over selling car insurance policies to hundreds of thousands of customers who did not need it from 2012 to 2017. All this could […]
Problems with Wells Fargo's sales culture dates back at least 15 years, according to a recent investigation.
Starting next Monday, customers of Wells Fargo bank will be able to make ATM withdrawals nationwide without a card using a smartphone. The trend could spread quickly to other banks around the country as consumers grow more used to advanced banking technology. Click the audio player above to hear the full story.
Wells Fargo brass seeks to move past recent trouble.
Wells Fargo CEO John Stumpf retires after weeks of public outcry.
Not disclosing 'material' information to investors could violate securities law. The question is, what is 'material'?
Stumpf now says sales quotas will go away this week, rather than next year.