Wells Fargo's quarterly profit falls 12% Wells Fargo & Co has today reported a bigger-than-expected drop in quarterly profit, as lending activity slowed and it recorded higher expenses. Business • 13 Jul 18
Wells Fargo's quarterly profit falls 12% Wells Fargo & Co has today reported a bigger-than-expected drop in quarterly profit, as lending activity slowed and it recorded higher expenses. Business • 13 Jul 18
Wells Fargo eyes post-Brexit boost for Dublin office Wells Fargo is leaning towards a Brexit contingency plan that could see the US bank bulk up its Dublin office with hundreds of staff. Business • 18 May 18
Wells Fargo eyes post-Brexit boost for Dublin office Wells Fargo is leaning towards a Brexit contingency plan that could see the US bank bulk up its Dublin office with hundreds of staff. Business • 18 May 18
Wells Fargo faces $1 billion fine to settle loan abuses Wells Fargo has been offered a penalty of $1 billion by regulators to resolve outstanding investigations related to auto insurance and mortgage lending abuses, the third-largest US bank by assets said today. Business • 13 Apr 18
Wells Fargo faces $1 billion fine to settle loan abuses Wells Fargo has been offered a penalty of $1 billion by regulators to resolve outstanding investigations related to auto insurance and mortgage lending abuses, the third-largest US bank by assets said today. Business • 13 Apr 18
Wells Fargo adds $3.25 billion to consumer legal bill Wells Fargo & Co has set aside $3.25 billion in the fourth quarter to cover legal expenses related to probes into its mortgage and sales practices. Business • 12 Jan 18
Wells Fargo adds $3.25 billion to consumer legal bill Wells Fargo & Co has set aside $3.25 billion in the fourth quarter to cover legal expenses related to probes into its mortgage and sales practices. Business • 12 Jan 18
US firms offer bonuses, pay hikes after US tax reforms AT&T, Wells Fargo and Boeing were among US companies promising more pay for workers or more investment in training after the biggest overhaul of the US tax code in 30 years. Business • 21 Dec 17
US firms offer bonuses, pay hikes after US tax reforms AT&T, Wells Fargo and Boeing were among US companies promising more pay for workers or more investment in training after the biggest overhaul of the US tax code in 30 years. Business • 21 Dec 17
Buffett's Berkshire cuts IBM stake, adds to Apple Warren Buffett's Berkshire Hathaway has sold another large piece of its stake in IBM, backing further away from an investment that the billionaire has admitted was not one of his best. Business • 15 Nov 17
Buffett's Berkshire cuts IBM stake, adds to Apple Warren Buffett's Berkshire Hathaway has sold another large piece of its stake in IBM, backing further away from an investment that the billionaire has admitted was not one of his best. Business • 15 Nov 17
Wells Fargo hit by legal charges, mortgage slump Wells Fargo & Co today reported a 19% profit decline and weaker revenue than Wall Street had expected for the fourth consecutive quarter due to mortgage issues. Business • 13 Oct 17
Wells Fargo hit by legal charges, mortgage slump Wells Fargo & Co today reported a 19% profit decline and weaker revenue than Wall Street had expected for the fourth consecutive quarter due to mortgage issues. Business • 13 Oct 17
Wells Fargo rehires staff who left on accounts scandal Wells Fargo's chief executive Officer Tim Sloan has apologised for a phony accounts scandal and said the US bank had hired back nearly 2,000 workers who had quit or were fired. Business • 03 Oct 17
Wells Fargo rehires staff who left on accounts scandal Wells Fargo's chief executive Officer Tim Sloan has apologised for a phony accounts scandal and said the US bank had hired back nearly 2,000 workers who had quit or were fired. Business • 03 Oct 17
Wells Fargo's quarterly profit rises 4.5% Wells Fargo & Co, the third-largest US bank by assets, posted a 4.5% rise in second-quarter profit, helped by loan growth and higher interest rates. Business • 14 Jul 17
Wells Fargo's quarterly profit rises 4.5% Wells Fargo & Co, the third-largest US bank by assets, posted a 4.5% rise in second-quarter profit, helped by loan growth and higher interest rates. Business • 14 Jul 17
Buffett criticises Wells Fargo, defends 3G at meeting Warren Buffett has criticised Wells Fargo for failing to stop employees from signing up customers for bogus accounts even after learning it was happening, causing a scandal. Business • 08 May 17
Buffett criticises Wells Fargo, defends 3G at meeting Warren Buffett has criticised Wells Fargo for failing to stop employees from signing up customers for bogus accounts even after learning it was happening, causing a scandal. Business • 08 May 17
Wells Fargo reports slight drop in profit Wells Fargo, which has been mired in litigation stemming from a sales scandal, reported a 0.6% fall in quarterly profit today, hit by weaker mortgage banking fees and higher costs. Business • 13 Apr 17
Wells Fargo reports slight drop in profit Wells Fargo, which has been mired in litigation stemming from a sales scandal, reported a 0.6% fall in quarterly profit today, hit by weaker mortgage banking fees and higher costs. Business • 13 Apr 17
Wells Fargo CEO receives pay hike despite sales scandal Wells Fargo & Co's board of directors have awarded chief executive Timothy Sloan $12.8m for his work last year, a 17% increase, according to a proxy filing. Business • 16 Mar 17
Wells Fargo CEO receives pay hike despite sales scandal Wells Fargo & Co's board of directors have awarded chief executive Timothy Sloan $12.8m for his work last year, a 17% increase, according to a proxy filing. Business • 16 Mar 17
No 2016 cash bonuses for 8 senior Wells Fargo bosses Wells Fargo said eight senior executives, including chief executive Tim Sloan and chief financial officer John Shrewsberry, will not receive cash bonuses for 2016. Business • 01 Mar 17
No 2016 cash bonuses for 8 senior Wells Fargo bosses Wells Fargo said eight senior executives, including chief executive Tim Sloan and chief financial officer John Shrewsberry, will not receive cash bonuses for 2016. Business • 01 Mar 17
Deutsche Bank agrees to $7.2bn mortgage settlement Deutsche Bank has agreed to a $7.2 billion (€6.89 billion) settlement with the US Department of Justice over its sale and pooling of toxic mortgage securities in the run-up to the 2008 financial crisis. Business • 23 Dec 16
Deutsche Bank agrees to $7.2bn mortgage settlement Deutsche Bank has agreed to a $7.2 billion (€6.89 billion) settlement with the US Department of Justice over its sale and pooling of toxic mortgage securities in the run-up to the 2008 financial crisis. Business • 23 Dec 16
Wells Fargo set to be failed on fair lending test A US bank regulator is ready to fail Wells Fargo on a national scorecard for fair lending sources familiar with the decision have said, in a move that could limit near-term expansion for the bank. Business • 07 Dec 16
Wells Fargo set to be failed on fair lending test A US bank regulator is ready to fail Wells Fargo on a national scorecard for fair lending sources familiar with the decision have said, in a move that could limit near-term expansion for the bank. Business • 07 Dec 16
Stumpf resigns from Chevron, Target boards John Stumpf resigned from the boards of Chevron and Target a week after he quit Wells Fargo & Co as chief executive bowing to pressure over its sales tactics. Business • 19 Oct 16
Stumpf resigns from Chevron, Target boards John Stumpf resigned from the boards of Chevron and Target a week after he quit Wells Fargo & Co as chief executive bowing to pressure over its sales tactics. Business • 19 Oct 16
Wells Fargo profits down for 4th quarter in a row Wells Fargo & Co reported its fourth fall in quarterly profit in a row as it set aside funds for potential legal costs amid a bogus-account scandal that cost chief executive and chairman John Stumpf his job. Business • 14 Oct 16
Wells Fargo profits down for 4th quarter in a row Wells Fargo & Co reported its fourth fall in quarterly profit in a row as it set aside funds for potential legal costs amid a bogus-account scandal that cost chief executive and chairman John Stumpf his job. Business • 14 Oct 16
Wells Fargo CEO steps down after accounts scandal Embattled Wells Fargo chairman and CEO John Stump has retired with immediate effect following a sham accounts scandal, the San Francisco bank said last night. Business • 13 Oct 16
Wells Fargo CEO steps down after accounts scandal Embattled Wells Fargo chairman and CEO John Stump has retired with immediate effect following a sham accounts scandal, the San Francisco bank said last night. Business • 13 Oct 16
Wells Fargo CEO hammered by US politicians Embattled Wells Fargo CEO John Stumpf was hammered today by US politicians, who demanded accountability and called into question his fitness to serve as the bank's chief. Business • 29 Sep 16
Wells Fargo CEO hammered by US politicians Embattled Wells Fargo CEO John Stumpf was hammered today by US politicians, who demanded accountability and called into question his fitness to serve as the bank's chief. Business • 29 Sep 16
Wells Fargo CEO forfeits millions ahead of review Wells Fargo said its chief executive John Stumpf will forfeit unvested equity awards worth about $41m and will not get a salary while the company's board investigates the bank's sales practices. Business • 28 Sep 16
Wells Fargo CEO forfeits millions ahead of review Wells Fargo said its chief executive John Stumpf will forfeit unvested equity awards worth about $41m and will not get a salary while the company's board investigates the bank's sales practices. Business • 28 Sep 16
CEO takes 'full responsibility' for bogus accounts The CEO of Wells Fargo has apologised for the bank's years-long practice of opening as many as two million bogus customer accounts that generated fees for the lender. Business • 20 Sep 16
CEO takes 'full responsibility' for bogus accounts The CEO of Wells Fargo has apologised for the bank's years-long practice of opening as many as two million bogus customer accounts that generated fees for the lender. Business • 20 Sep 16
Wells Fargo to pay $185m over bogus accounts US retail and commercial banking giant Wells Fargo will pay more than $185 million in fines after US regulators accused the bank of secretly opening accounts without customers' knowledge, officials have said. Business • 09 Sep 16
Wells Fargo to pay $185m over bogus accounts US retail and commercial banking giant Wells Fargo will pay more than $185 million in fines after US regulators accused the bank of secretly opening accounts without customers' knowledge, officials have said. Business • 09 Sep 16
Wells Fargo's Q2 profit slips as provisions jump Wells Fargo & Co, the biggest US bank by market value, has today reported a 3.5% fall in quarterly profit as it set aside more money to cover potential loan losses. Business • 15 Jul 16
Wells Fargo's Q2 profit slips as provisions jump Wells Fargo & Co, the biggest US bank by market value, has today reported a 3.5% fall in quarterly profit as it set aside more money to cover potential loan losses. Business • 15 Jul 16
Wells Fargo's quarterly profit falls by 7% Wells Fargo & Co today reported a 7% fall in quarterly profit as it set aside more than $1 billion to cover bad loans, saying its energy portfolio remained under "significant stress." Business • 14 Apr 16
Wells Fargo's quarterly profit falls by 7% Wells Fargo & Co today reported a 7% fall in quarterly profit as it set aside more than $1 billion to cover bad loans, saying its energy portfolio remained under "significant stress." Business • 14 Apr 16
Wells Fargo earnings edge up on solid loan growth Wells Fargo reported slightly higher third-quarter earnings today behind solid community banking results and higher overall loans. Business • 14 Oct 15
Wells Fargo earnings edge up on solid loan growth Wells Fargo reported slightly higher third-quarter earnings today behind solid community banking results and higher overall loans. Business • 14 Oct 15
