|Bid||0.00 x 0|
|Ask||172.00 x 0|
|Day's Range||172.50 - 172.50|
|52 Week Range||172.50 - 181.15|
|PE Ratio (TTM)||42.49|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Before a sales scandal upended its reputation, Wells Fargo & Co was something of a proud outsider in Washington and on Wall Street compared to its big bank peers. Now the only one of 11 executive officers at the bank who did not work there before its fall from grace is a consummate insider: C. Allen Parker, general counsel, 62 years old and former presiding partner at storied law firm Cravath, Swaine & Moore. Since he took the job in March, Parker has been trying to improve Wells Fargo's standing with regulators, answering questions from authorities and working through a raft of lawsuits over the bank's improper sales practices.
Elizabeth Warren says "I really want to see the Fed step here" in response to Wells Fargo's account scandal.
A consumer watchdog agency could have levied $10 billion in penalties against Wells Fargo & Co last year for opening unauthorized customer accounts, but settled for a fraction of that to resolve the matter quickly, according to regulatory documents released on Tuesday. The documents, unveiled as part of a report written by congressional Republicans, look set to heighten a fierce partisan debate about the future of the U.S. Consumer Financial Protection Bureau (CFPB). Set up by Democrats in the aftermath of the 2007-2009 financial crisis to protect consumers against abuses by large institutions, the CFPB is loathed by Republicans who criticize it as a wayward agency that lacks proper oversight.