Sentences with phrase «fake accounts scandal»

The bank has been struggling with intense regulatory and media scrutiny since 2016, when a massive fake account scandal came to light.

You probably can't help but follow the continually unfolding fake account scandal at Wells Fargo.

(Reichardt's CEO tenure, from 1983 to 1994, predates the company's current fake account scandal, for which it was fined $ 185 million in September.)

Warren got what she wanted from Stumpf, who'd blamed the bank's fake account scandal on some 5,300 employees.

The California - based finance company has struggled to maintain steady gains after its major fake accounts scandal broke back in 2016.

NEW YORK (AP)-- The scope of Wells Fargo's fake accounts scandal grew significantly on Thursday, with the bank now saying that 3.5 million accounts were potentially opened without customers» permission between 2009 and 2016.

Although Chase has avoided the level of accusations faced by Bank of America for mortgage abuses and Wells Fargo for its huge fake account scandal, the lack of recent incidents is not a guarantee of perfect service.

demanded that Wells Fargo CEO John G. Stumpf be fired in the wake of the bank's fake account scandal.

And Wells Fargo (wfc), still dealing with the fallout of its fake accounts scandal, is up just 10 %, but Buffett's position has gained almost $ 2.5 billion in value over that time.

The bank, which has labored under a fake accounts scandal and other black eyes since September 2016, is being targeted by the Consumer Financial Protection Bureau.

Williams also has come under criticism because the fake accounts scandal at San Francisco - based Wells Fargo happened on his watch.

The bank, which has labored under a fake accounts scandal and other black eyes since September 2016, is being targeted by the Consumer Financial Protection Bureau, Reuters reported, citing sources.

The nation's third - largest bank has struggled to recover from a 2016 fake accounts scandal.

The CEO is either put in a position to publicly apologize, which customers may interpret as forced and insincere (as we saw on Wednesday with United's Munoz and last month with Uber's Travis Kalanick following harassment claims) or the CEO is forced to resign, as Wells Fargo's John Stumpf did last October following its fake accounts scandal.

This would mark the latest headache for the bank, which is still recovering from a 2016 fake accounts scandal and paid a $ 1 billion fine over misconduct in its mortgage lending and auto businesses last week.

He had 2 million in shares of Wells Fargo stock — and he got up every quarter during the fake accounts scandal and told potential investors that Wells was a great deal because of the cross-sell ratio.

Warren accused Sloan of breaking his promise to customers since he took over as CEO in late 2016 after a fake accounts scandal burst into the headlines.

Sen. Elizabeth Warren accused Tim Sloan of breaking his promise to customers since he took over as CEO in late 2016 after a fake accounts scandal burst into the headlines.

Illinois is joining California in suspending some business the states do with Wells Fargo & Co. over its fake accounts scandal.