Wells Fargo has satisfactory 'living will' plan -Fed
In December, the Fed and Federal Deposit Insurance Corporation notified Wells Fargo that the bank's plan fell short. In its Monday announcement, the regulators said Wells Fargo has "adequately remedied the deficiencies." Living wills for banks were ...
Wells Fargo's Living Will Approved After Third Try
Wells Fargo & Co. will escape further restrictions on its business after U.S. regulators ruled that the lender's revised plan for how it could be safely unwound in a crisis is good enough -- for now. The Federal Reserve and Federal Deposit Insurance ...
Milwaukee Journal Sentinel
Is Wells Fargo's board to blame? Shareholders will weigh in this week
Milwaukee Journal Sentinel
Over the past few months, there's been plenty of blame to go around for the widespread misdeeds of Wells Fargo & Co., where workers, driven by onerous sales goals, opened as many as 2.1 million bank and credit card accounts for customers without ...
With execs in hot seat, Wells Fargo gets OK for bankruptcy plan
Washington (AFP) - Retail banking giant Wells Fargo has fixed problems in its 2015 bankruptcy plan and will now be allowed to open new international branches, US banking regulators said Monday. The reprieve comes a day before a high-stakes ...
Fed, FDIC Say Wells Fargo 'Remediated Deficiencies' in 2015 Living Will -- Update
A Wells Fargo spokesman didn't immediately comment. So-called resolution plans, known as living wills, are a requirement of the 2010 Dodd-Frank law, which sought to prevent bailouts partly by forcing big banks to develop a plan for how they could go ...
Keysight Technologies Inc (KEYS) Now Covered by Analysts at Wells Fargo & Co
Keysight Technologies Inc logo Wells Fargo & Co assumed coverage on shares of Keysight Technologies Inc (NYSE:KEYS) in a report released on Thursday. The brokerage issued an outperform rating on the scientific and technical instruments company's ...
Calpers says will oppose nine directors at Wells Fargo
BOSTON Officials of the California Public Employees' Retirement System said Friday they are voting against nine of 15 Wells Fargo & Co directors up for election at the bank's annual meeting next week, citing the bank's phony-account scandal. Leaders of ...
Warren Buffett's Berkshire Cuts Its Stake In Wells Fargo
(RTTNews.com) - Warren Buffett'sBerkshire Hathaway Inc. (BRK-B, BRK-A, BRKa) is cutting its stake in Wells Fargo & Co. to less than 10 percent after the Federal Reserve informed the Berkshire that remaining above that threshold would limit its ability ...
More Wells Fargo Pay Clawbacks Over Fake Accounts Bring Tax Pain
In the wake of its fake account scandal, Wells Fargo installed a new chief executive, reformed its sales incentives, and clawed back more than $60 million in stock awards from executives. Now, following an internal investigation revealing that improper ...
Wells Fargo & Co Sees Unusually Large Options Volume (WFC)
The Cerbat Gem
Wells Fargo & Co logo Wells Fargo & Co (NYSE:WFC) was the target of some unusual options trading activity on Thursday. Traders acquired 2,428 call options on the company. This is an increase of approximately 120% compared to the average volume of ...