Ex-Wells Fargo CEO banned from the banking industry [CNNMoney.com]
Wells Fargo & Company (WFC)
Last wells fargo & company earnings: 4/14 07:46 am
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Source: CNNMoney.com
Former Wells Fargo CEO banned from banking industry and fined $17.5 million New York (CNN Business) Former Wells Fargo CEO John Stumpf on Thursday agreed to a lifetime ban from the banking industry and a $17.5 million fine for his role in leading the bank through its massive fake accounts scandal and other sales practice misconduct. In addition to Stumpf, the US Office of the Comptroller of the Currency fined seven other former Wells Fargo ( WFC ) executives about $40 million in connection to what the OCC described as "the bank's systemic sales practices misconduct." The civil charges brought by the federal agency say the executives "failed to adequately perform their duties and responsibilities, which contributed to the bank's systemic problems with sales practices misconduct from 2002 until October 2016." "The misconduct of these individuals allowed the practices to continue for years, affecting millions of bank customers and thousands of lower level bank employees," the OC
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WFC
News
- Wells Fargo Expands Down Payment Grant Program to Help Bridge Homeownership Gap [Yahoo! Finance]Yahoo! Finance
- Wells Fargo Expands Down Payment Grant Program to Help Bridge Homeownership GapBusiness Wire
- US Demand Is Still Resilient, Even If GDP Doesn't Show It [Yahoo! Finance]Yahoo! Finance
- US Demand Is Still Resilient, Even If GDP Doesn't Show It [Financial Post (Toronto, Ontario, Canada)]Financial Post
- US Demand Is Still Resilient, Even If GDP Doesn't Show It [BNN Bloomberg (Canada)]BNN Bloomberg
WFC
Earnings
- 4/12/24 - Beat
WFC
Sec Filings
- 4/25/24 - Form 424B2
- 4/23/24 - Form 8-K
- 4/23/24 - Form PX14A6G
- WFC's page on the SEC website