U.S. bank regulator sharpens teeth on Wells Fargo, surprising critics [Yahoo! Finance News]
Wells Fargo & Company (WFC)
Last wells fargo & company earnings: 4/14 07:46 am
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Source: Yahoo! Finance News
By Pete Schroeder and Chris Prentice WASHINGTON Reuters) - Long accused of being too soft, a U.S. bank regulator has surprised its critics with tough treatment of scandal-ridden lender Wells Fargo , culminating on Thursday in more than $58 million 44 million pounds) in fines against eight former executives at the bank. Consumer groups had worried that the Trump administration's pick to lead the Office of the Comptroller of the Currency OCC), Joseph Otting, would do little to change its reputation for leniency. A former chief executive of California's OneWest Bank, Otting as comptroller has referred to lenders as his "customers" and pursued rule changes pushed for by bank lobbyists. But when it comes to Wells Fargo's sales practices, Otting has consistently been a harsh critic, driving penalties against the bank which have broken new ground. One person with knowledge of the matter said Wells Fargo's failure to swiftly fix systemic misconduct has angered Otting, precisely because he spe
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WFC
Earnings
- 4/12/24 - Beat
WFC
Sec Filings
- 4/17/24 - Form 424B2
- 4/17/24 - Form PX14A6G
- 4/16/24 - Form 3
- WFC's page on the SEC website