Tag "Wells Fargo scandal"

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Wells Fargo board shake-up shows failure of damage-control push

Events of the past week show Wells Fargo’s attempts to put a huge scandal behind it by paying a $185 million penalty and settling a class-action lawsuit for $142 million have failed because of fresh evidence of corporate malfeasance – grim news

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Wells Fargo faces massive new scandal

Wells Fargo’s hopes that a $142 million June settlement of a class-action lawsuit over its agents creating up to 2.1 million unwanted checking, savings and credit-card accounts from 2011 to 2015 would end the iconic California company’s headaches have been

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Wells Fargo’s huge scandal defies tidy resolution

San Francisco-based banking giant Wells Fargo continues to struggle to get past the worst scandal in its history. The company – which has a market value of $265 billion and nearly 270,000 employees in all 50 states – was fined $185 million

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