Wells Fargo
Wells Fargo
Wells Fargo is one of the largest banks in the United States, with approximately $1.9 trillion in balance sheet assets. The company is split into four primary segments: consumer banking, commercial banking, corporate and investment banking, and wealth and investment management.
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After resigning last year under pressure from federal policymakers, the former executive received no severance benefits or annual incentive award.
March 17 -
The firm has touted its capabilities, lighter bureaucracy and corporate environment to new hires — factors that have helped lure in top talent.
March 12 -
The employee “is at home while their health is being closely monitored by their doctor and public health authorities,” a spokeswoman for the bank said.
March 9 -
The bank failed to implement its own supervisory procedures around single-inverse ETFs, costing clients millions, the SEC says.
February 27 -
The settlement marks the bank’s largest yet from a series of scandals that claimed two chief executive officers.
February 21 -
“Mandatory arbitration could be masking toxic cultures that are tolerating sexual harassment,” says a shareholder activist whose firm prompted Wells’ move
February 21 -
While several tech giants have done away with the clause in the past few years, the process remains widespread on Wall Street, which pioneered it decades ago.
February 12 -
The changes mean smaller universes for some of Wells Fargo’s long-standing business leaders.
February 11 -
“It’s like nuclear fallout. The bomb didn’t drop on you but you were within five miles of it," said Alan Johnson, managing director of compensation consultant Johnson Associates.
February 6 -
It’s been a long tail for the firm that began with the 2016 revelation that employees had opened millions of fake accounts to meet sales goals.
January 27