Wells Fargo Names Allen Parker General Counsel
Wells Fargo & Co. named Allen Parker general counsel on Monday, at a time when the third-largest U.S. lender looks to restore its battered reputation following a scandal over phony accounts.
Wells Fargo Fires Four Executives Amid Probe Into Account Scandal
Wells Fargo & Co. has fired four mid-level executives and stripped them of bonuses and stock awards as a result of an investigation into improper sales practices in its retail bank, the company announced on Tuesday.
US Senators: Wells Fargo Sales Scandal Extends To Brokerage Unit
Wells Fargo & Co. fired hundreds of brokerage employees for improper sales practices, three U.S. senators said on Thursday, widening the scope of a scandal which the fourth-largest U.S. bank has so far characterized as a retail banking problem.
Citigroup Quarterly Profit Falls 10.5 Percent
Citigroup Inc., the fourth-biggest U.S. bank by assets, reported a 10.5 percent fall in quarterly profit on Friday, hurt by lower revenue from equity trading.
Wells Fargo CEO Forfeits Millions As Board Orders Review
Wells Fargo & Co. said on Tuesday that CEO John Stumpf will forfeit unvested equity awards worth about $41 million and will not get a salary while the company’s board investigates the bank’s sales practices.
Wells Fargo To Pay Homeowners $3.45M Over Mailing Error
A Wells Fargo & Co. mortgage unit will pay $3.45 million to some customers because of a processing error that delayed the mailing of letters to almost 8,000 homeowners in bankruptcy and shortened their notice period about changes to monthly mortgage payment amounts, according to a court document.
Weak Investment Banking Hits JPMorgan, But Results Beat Estimates
JPMorgan Chase & Co., the biggest U.S. bank by...Mortgage Revenue Jumps
The fourth-biggest U.S. mortgage lender said its...Mortgages May Be A Bright Spot For U.S. Bank Results In Q1
U.S. bank earnings likely got a lift from mortgage...
