#fargo

11:55am, 13th May, 2019

Wells Fargo CEO search hobbled by pay limitations: sources

(This May 10th story corrects paragraph 7 to say Wells Fargo may need to match stock-based compensation a candidate has at a current employer, not that company may need to match vested shares.)

Warren Buffett defends Kraft, says Wells Fargo made 'big mistakes'

4:35pm, 4th May, 2019

Business

Warren Buffett defends Kraft, says Wells Fargo made 'big mistakes'

Warren Buffett on Saturday signaled his commitment to Kraft Heinz Co and defended his actions toward Wells Fargo & Co, two of the largest investments at his Berkshire Hathaway Inc, despite mistakes at both that have caused many investors to sour on t...

Outsider CEO won't be a quick fix for Wells Fargo: analysts

2:52pm, 29th March, 2019

Business

Outsider CEO won't be a quick fix for Wells Fargo: analysts

Wells Fargo & Co's plan to bring in an outsider as its next chief executive could give the scandal-plagued bank a much needed fresh start, but a turnaround will not be easy for whoever takes the helm, analysts said.

Wells Fargo CEO avoids major stumble at heated congressional hearing

4:24pm, 12th March, 2019

Politics

Wells Fargo CEO avoids major stumble at heated congressional hearing

Democratic and Republican lawmakers on Tuesday pressed Wells Fargo & Co Chief Executive Tim Sloan for proof the bank has put a string of consumer abuse scandals behind it at a tense congressional hearing that saw Sloan firmly on the defensive.

Wells Fargo CEO draws bipartisan ire in Congress hearing

12:13pm, 12th March, 2019

Politics

Wells Fargo CEO draws bipartisan ire in Congress hearing

Democratic and Republican lawmakers pressed Wells Fargo & Co Chief Executive Tim Sloan for proof that the bank has moved past a string of customer abuse scandals at a tense hearing in Congress on Tuesday.

Exclusive: Wells Fargo says auto insurance remediation will not wrap up until 2020

3:10pm, 29th October, 2018

Business

Exclusive: Wells Fargo says auto insurance remediation will not wrap up until 2020

Wells Fargo & Co will not finish paying back the estimated 600,000 customers it wrongly charged for auto insurance until at least 2020, the bank said in a letter to U.S. lawmakers seen by Reuters.

Exclusive: U.S. regulators reject Wells Fargo's plan to repay customers - sources

4:51pm, 11th September, 2018

Business

Exclusive: U.S. regulators reject Wells Fargo's plan to repay customers - sources

U.S. regulators have rejected Wells Fargo & Co's plan to repay customers who were pushed into unnecessary auto insurance, telling the bank it must do more to ensure it has found and compensated every affected driver, three sources familiar with...

Justice Department probing Wells Fargo's wholesale banking unit: WSJ

10:49am, 6th September, 2018

Business

Justice Department probing Wells Fargo's wholesale banking unit: WSJ

The U.S. Justice Department is probing whether employees committed fraud in Wells Fargo & Co's wholesale banking unit, following revelations that employees improperly altered customer information, the Wall Street Journal reported on Thursday, ci...

Wells Fargo faces tax credit probes, new problems with mortgage borrowers

5:50pm, 3rd August, 2018

Business

Wells Fargo faces tax credit probes, new problems with mortgage borrowers

Wells Fargo & Co is facing government probes into its use of low-income housing tax credits, and has also set aside $8 million to compensate borrowers who were incorrectly denied mortgage modifications under a federal assistance program, the bank sai...