|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||54.04 - 55.07|
|52 Week Range||44.49 - 59.99|
|PE Ratio (TTM)||13.53|
|Earnings Date||Jan 12, 2018|
|Forward Dividend & Yield||1.56 (2.90%)|
|1y Target Est||57.73|
Wells Fargo has fired four foreign-exchange bankers amid an investigation into that business by both the bank and regulators.
Three high-level foreign exchange executives and a currency trader have left Wells Fargo, the bank that has been through several investigations after a scandal over millions of fake accounts and another ...
The Office of the Comptroller of the Currency (OCC) criticised Wells Fargo in a nonpublic regulatory report for enrolling borrowers in auto insurance policies they did not request, according to the Times. It said the bank may have underestimated costs related to reimbursing them.
Wells Fargo & Co is facing fresh regulatory scrutiny in both its consumer and institutional businesses, according to reports in the New York Times and Wall Street Journal on Friday, as the third-largest U.S. bank continues to work through a prolonged scandal over its sales practices. The Office of the Comptroller of the Currency (OCC) criticized Wells Fargo in a nonpublic regulatory report for enrolling borrowers in auto insurance policies they did not request, according to the Times. Separately, regulators are looking into Wells' foreign exchange trading business over a matter that caused the departure of four employees, according to the Journal.
Wells Fargo on Friday dismissed four foreign exchange-focused bankers on the back of an investigation into its investment banking division, The Wall Street Journal reported, citing people familiar with ...
Wells Fargo & Co , the third-largest U.S. bank by assets, has fired four foreign-exchange bankers amid an investigation into that business by both the bank and regulators, the Wall Street Journal reported, ...
The report from the Office of the Comptroller of the Currency (OCC) criticized the Wall Street bank for forcing numerous borrowers to buy unneeded auto insurance, as well as for its handling of the problems once they were unveiled, the newspaper reported. The preliminary regulators' report said that Wells Fargo may have underestimated costs related to reimbursing harmed customers and that the bank's practices could be curbed or kept under close watch, according to the New York Times report.
Wells Fargo has added brokers for the first time in the past year, On Wall Street reports. The firm added to its ranks by hiring both trainees and established brokers, according to a spokeswoman: “Attracting the industry’s top talent will always be a priority for Wells Fargo Advisors, and we feel good about the quality recruits in our pipeline.” While rivals UBS, Morgan Stanley and Merrill Lynch have eased up on their recruitment spending, Wells Fargo “has pursued aggressive recruiting tactics this year,” writes On Wall Street. “Wells Fargo’s independent arm has picked up several new advisors, and the wirehouse also has had a few notable successes, including two Morgan Stanley advisors who oversaw more than $400 million in combined client assets,” the publication says.
Spokesman Jim Baum said employees were notified Tuesday morning during a meeting in the center’s cafeteria. The bank employs about 1,000 in the Lehigh Valley, almost half of which work in the call center. It cited Wells Fargo CEO Tim Sloan’s recent testimony before the U.S. Senate as proof, when he was asked about other recent call center layoffs in Fort Mill, S.C. (120 layoffs) and Vancouver, Wa.
Wells Fargo CEO Tim Sloan predicted the scandal-ridden bank will achieve the growth it had lost during its fake-accounts scandal.
Wells Fargo CEO Tim Sloan speaks with CNBC's Wilfred Frost about Sen. Elizabeth Warren's comments about his worthiness to be CEO after the accounts scandal.