Category Archives: Wells Fargo

Wells Fargo Names New CEO

Posted on September 30, 2019 by flpbaruchnewsletter

Wells Fargo hires BNY Mellon’s chief Charles Scharf as their new CEO. The firm has been looking to fill this position for the last 6 months after Timothy Sloan stepped down earlier this year. Prior to BNY Mellon Scharf was … Continue reading →

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Wells Fargo CEO Steps Down: New CEO Seeks to Restore Trust in Disgraced Bank

Posted on October 17, 2016 by flpbaruchnewsletter

On September 8, 2016, The Consumer Financial Protection Bureau, the Los Angeles City Attorney and the Office of the Comptroller of the Currency fined Wells Fargo $185 million for opening two million bank accounts and/or credit cards without customer knowledge … Continue reading →

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Wells Fargo Fined $100 Million

Posted on September 11, 2016 by flpbaruchnewsletter

On Thursday, September 8th, 2016, Wells Fargo was fined $100 million by the Consumer Financial Protection Bureau – the largest fine the agency has ever levied against a bank. The bank was also made to pay an additional $50 million … Continue reading →

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