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0.000621272365805134 0.000621272365805134 0.000621272365805134 0.00173956262425448 0.000124254473161097 -0.00472166998011923 -0.00111829025844935 -0.00124254473161027
Stock impact report

Wells Fargo's 2018 Enforcement Action Terminated by the Federal Reserve [Yahoo! Finance]

Wells Fargo & Company (WFC) 
Last wells fargo & company earnings: 4/14 07:46 am Check Earnings Report
US:NYSE Investor Relations: wellsfargo.com/about/investor-relations
Company Research Source: Yahoo! Finance
The Federal Reserve has officially terminated its 2018 enforcement action against Wells Fargo & Company WFC, marking the closure of one of the most significant regulatory penalties imposed on the bank in the aftermath of its fake-account scandal. The central bank confirmed that WFC has fulfilled all requirements under the order, including strengthening its governance and firmwide risk management. This milestone comes after years of regulatory oversight addressing deficiencies from the 2016 sales-practice scandal. History of WFC's 2018 Consent Order by the Fed The regulatory scrutiny on Wells Fargo began in 2016, when investigations revealed that employees had opened millions of unauthorized deposit and credit card accounts in customers' names without consent. The misconduct stemmed from a high-pressure sales culture that prioritized cross-selling targets over proper risk management. In response, multiple U.S. regulators launched investigations into the bank's governance and r Show less Read more
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