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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Shareholders reelected all of the bank's directors, though some got only slightly more than 50% approval; exchanges having trouble processing deals in dollars.
April 26 -
Chaos broke out periodically as investors and activists spoke out against the board, at times yelling or choking back emotion.
April 25 -
Shareholders voted to re-elect 12 board members and elect three more nominated by the company, but the slim margins sent a clear message.
April 25 -
Sens. Elizabeth Warren and Ed Markey are seeking information about KPMG to determine if it lived up to its professional obligations when it decided not to disclose fake accounts at Wells Fargo.
April 25 -
Wells Fargo has “adequately remediated the remaining deficiencies" in the living wills it had originally filed in 2015, regulators said on Monday.
April 24 -
While many shareholders are by now largely immune to the transgressions of the U.S. banking sector, Wells Fargo’s recent phony account scandal has given even the most hardened cynics pause.
April 21 -
The San Francisco bank is adding $32 million to a previously announced agreement, and also extending it back to 2002, in the wake of a report on the roots of the firm's sales scandal.
April 21 -
Tim Sloan just survived his biggest test yet, when a board investigation found he wasn't to blame for the bank's notorious account scandal. But his next is just days away: Persuading investors not to expel much of the board.
April 19 -
An internal agency report paints a scathing portrait of the OCC, acknowledging that it missed several red flags on the Wells Fargo matter.
April 19 -
Even in the event of a landslide, throw-the-bums-out investor vote over director seats next week, expect business as usual in Wells’ boardroom for a long while.
April 17