Fines for former banking executives involved in a fraud scandal plummeted from a combined $8.5 million to a combined $150,000 ...

Two former Wells Fargo executives involved in a highly publicized fake accounts scandal that came to light in 2016 received reductions in civil penalties from a combined $8.5 million to a combined ...

Claims of corruption within U.S. President Donald Trump's administration and the banking industry spread on social media in late April and early May 2025. The allegations stated that in return for ...

Wells Fargo and BNP Paribas will pay millions of ... Last September, the SEC announced $1.1 billion in fines against firms including Bank of America, Citigroup and Goldman Sachs.

In September 2016, Wells Fargo announced that it was paying $185 million in fines for the creation of over 2 million unauthorized customer accounts. It soon came to light that the pressure on ...

Wells Fargo says the claims "are without merit," adding that "identity theft is a broad industry problem" and that it spends "hundreds of millions of dollars annually" to fight fraud. The bank ...