From Tyler Durden: When we reported Wells Fargo’s Q4 earnings back in January, we drew readers’ attention to one specific line of business, the one we dubbed the bank’s “bread and butter.”
Banking giant Wells Fargo & Co (NYSE:WFC) is joining its biggest rivals and will finally launch its first-ever ETF next year, and the fund will likely be of the new-age multifactor smart beta variety.
Embattled banking giant Wells Fargo & Co (NYSE:WFC) saw a major mutual fund slash its holdings last month amid ongoing fallout from a far-reaching account opening scandal.
A recent survey of Wells Fargo & Co (NYSE:WFC) customers paints a very bearish picture of the company’s recent scandal and its effects on retail banking operations.
Wells Fargo & Co (NYSE:WFC) can add Ohio to the growing list of states where it isn’t welcome to do business with state government anymore, with Governor John Kasich issuing a scathing statement today.
Embattled banking giant Wells Fargo & Co (NYSE:WFC) posted better-than-expected third quarter earnings results this morning, as the company continues to deal with the fallout of the biggest banking industry scandal in several years.
Yesterday, news broke that former chief executive Wells Fargo & Co (NYSE:WFC) John Stumpf had resigned, putting new CEO Timothy Sloan at the helm amid a far-reaching account-opening scandal.
Embattled banking giant Wells Fargo & Co (NYSE:WFC) recently held a private conference call with top executives, during which it laid out its plan to restore the bank’s repuation amid the ongoing account-opening scandal.
From Zacks: Wells Fargo & Co (NYSE:WFC), in the latest fallout from the sales scam, is likely to be hit with bans from engaging in business activities with the city of Chicago and the state of Illinois.
From Tyler Durden: Wells Fargo & Co (NYSE:WFC) is facing a massive class action lawsuit from employees it jettisoned amid its account-opening scandal that has drawn the ire of regulators, investors, and the general public.
The CEO of embattled banking giant Wells Fargo & Co (NYSE:WFC), sullied by a far-reaching account-opening scandal, has resigned from his post as Reserve Bank of San Francisco’s appointee to the Fed’s Federal Advisory Council.
Embattled banking giant Wells Fargo & Co (NYSE:WFC) caught some bearish sentiment this morning from analysts at JPMorgan Chase, who noted the company could face additional regulatory actions.
From ZeroHedge: Today at 10am, the US public will be treated to the latest Congressional kangaroo court, when Wells Fargo & Co (NYSE:WFC) CEO John Stumpf will tell the Senate Banking Committee that he is “deeply sorry”, and accepts “full responsibility” for unethical sales practices in its retail banking business while apologizing for “not doing […]
From Bob Ciura: In this low-interest-rate world, income is hard to come by. Bonds yield relatively little, and savings vehicles like certificates of deposit yield even less. This has compelled many investors to buy dividend stocks, and for good reason.
Once considered the gold standard of all U.S. banks, Wells Fargo & Co (NYSE:WFC) has seen its reputation destroyed amid an account-opening scandal. What else could the bank be hiding behind the scenes?