Since taking the legal reins of the banking giant in 2020, Ellen Patterson has created a strong risk culture built on transparency, accountability and proactive risk management, Wells Fargo says in ...

The Federal Reserve action comes 9 months after lifting the harshest punishment, the $2 trillion asset cap that kept the bank from growing.

The scope of Wells Fargo's fake accounts scandal grew significantly on Thursday, with the bank now saying that 3.5 million accounts were potentially opened without customers' permission between 2009 ...

By Pete Schroeder WASHINGTON, March 5 (Reuters) - The U.S. Federal Reserve announced on Thursday it had terminated the enforcement action it imposed on Wells Fargo following the bank's widespread fake ...

In a press release, the Federal Reserve Board confirmed it had terminated the 2018 enforcement action after concluding Wells Fargo had “met all required conditions.” Under that order, the bank had to ...

Why is Christian Science in our name? Our name is about honesty. The Monitor is owned by The First Church of Christ, Scientist, and we’ve always been transparent about that. The church publishes the ...

For years, Wells Fargo & Company WFC operated under a regulatory constraint, a $1.95-trillion asset cap imposed by the Federal Reserve in 2018 following its fake account scandal. The restriction ...

There were massive swings in public policy and on DEI in terms of what the prior administration was asking of companies, and so the fact that there’s a switch here is not surprising," Wells Fargo CEO ...

NEW YORK • In the aftermath of the 2008 financial crisis, the banking industry sought to address an ethics crisis with surveys, town hall meetings, appointments of overseers and mechanisms for ...