Wells Fargo Scandal

Potential 2020 Democratic candidate and U.S. Senator Elizabeth Warren (D-Massachusetts) is no fan of Wells Fargo & Co (NYSE: WFC) CEO Tim Sloan. What Happened Warren said in October that Sloan is "deeply implicated in the bank's repeated and egregious misconduct" on top...

Sen. Elizabeth Warren (D-Mass.) has earned herself as being Washington's most "relentless critic" of Wall Street and she has a new company on her sights: Equifax Inc. (NYSE: EFX). Warren made her position on Wells Fargo & Co (NYSE: WFC) very public after the company's fake...

At a time when many people had moved on, forgotten or forgiven Wells Fargo & Co (NYSE: WFC) for its disastrous 2016 account opening scandal, the company released a bombshell report. Wells Fargo previously estimated it had opened approximately 2.1 million fake bank and credit card accounts that...

Stock brokers employed by Bank of America Corp (NYSE: BAC)'s Merrill Lynch division will now be required to make at least two client referrals to other divisions within the bank. According to Market Watch, the brokers would need to complete this task or could face a cut in pay. Brokers who do not...

CNBC's Jim Cramer said during Thursday's "Squawk Box" segment that there is a lot of "negativity" and "suboptimal news" spooking the market. "There is just a lot of what I would regard as being suboptimal news out there at a time when I think people were kind of hoping this period would be the...

Rep. Gregory Meeks (D–N.Y.) was a guest on CNBC's "Squawk Box" segment on Friday to talk about Wells Fargo & Co (NYSE: WFC)'s ongoing scandal and how financial regulators should be reacting. According to Meeks, U.S. regulators need to make sure that Wells Fargo's scandal of opening...

The scandal plaguing Wells Fargo & Co (NYSE: WFC) is showing no signs of dying down and the company's CEO John Stumpf's decision to forego $41 million in pay may not be sufficient. In an interview with Bloomberg Television Wednesday, FBR Capital Markets' banking analyst Paul...

Wells Fargo & Co (NYSE: WFC)'s stock has shed $25 billion following a massive scandal involving millions of fake bank accounts being created, which resulted in more than 5,000 employees being fired. The scandal may have taken a turn for the worse following a CNN Money report which...

Wells Fargo & Co (NYSE: WFC)'s largest shareholder, Warren Buffett, won't be commenting on the financial institution's growing scandal. Buffett, speaking to Fox Business, said he will wait until November to speak about the bank's scandal. The Oracle of Omaha owns nearly 10...

Senator Elizabeth Warren just blasted Wells Fargo & Co (NYSE: WFC)'s CEO John Stumpf for his "gutless" leadership. Stumpf faced the wrath of Senators on Tuesday when he testified in front of the Senate Committee on Banking, Housing and Urban Affairs. Sen. Warren sits on the...