Wachovia, excluding subsidiaries, was the fourth largest bank at the end of
On Friday night, Wells Fargo was hit with one of the harshest punishments ever handed down by the Federal Reserve. Wells Fargo, one of the nation's largest banks, won't be allowed to expand its business until it convinces the Fed it has cleaned up its act.
Enter your username and password to securely view and manage your Wells Fargo accounts online. Go live with your integration and let Wells Fargo help you expand, automate and innovate in your market. Click below to access our contact form. Submit the form and a local consultant will contact you soon to help with any questions and discuss your home financing options.
The bank agreed to replace four members of its board of directors. The Fed cited Wells Fargo's "pervasive and persistent misconduct.
The bank's culture of misconduct extended well beyond the original revelations. Wells Fargo was dragged before Congress, put under the microscope by government officials, and embarrassed before its customers. A new CEO and management team were brought in, and the old regime lost millions of dollars in docked pay.
Fake account scandal breaks wide open.
Federal regulators reveal Wells Fargo employees secretly created millions of unauthorized bank and credit card accounts without their customers knowing it. Wells Fargo says 5, employees were fired for related reasons.
A government official tells CNN the Department of Justice has issued subpoenas in a probe related to the fake account scandal. The first major executive leaves the company over the scandal.
Carrie Tolstedt, who headed the division that created the fake accounts, steps down and forfeits some pay. Wells Fargo is accused of illegally repossessing service members' cars.
The DOJ claims the bank took cars without a court order, which violates federal law. The company apologizes and commits to refunds. Wells Fargo promises to abandon unrealistic sales goals.
Wells Fargo employees blamed their bosses for effectively encouraging fake accounts. California's attorney general opens an investigation into possible identity fraud related to the fake accounts scandal.
CEO John Stumpf steps down.
The company announces he will retire effective immediately. A new public filing from the bank discloses that the Securities and Exchange Commission is investigating the bank for issues related to the creation of as many as 2 million fake accounts.
Wells Fargo is punished by federal regulators for actions unrelated to the fake accounts. The bank is dinged for failing to comply with certain provisions of Dodd-Frank, the post law meant to better regulate big banks and protect consumers.
Wells Fargo acknowledges potential worker retaliation. The bank says there are signs it retaliated against workers who tried to blow the whistle on the fake accounts.
Four senior bank employees are fired. The employees either worked or used to work in Wells Fargo's community banking division, which is at the center of the fake account scandal. Federal agency accuses Wells Fargo of "egregious," "discriminatory and illegal" practices.The Wells Fargo account fraud scandal is an ongoing controversy brought about by the creation of millions of fraudulent savings and checking accounts on behalf of Wells Fargo clients without their consent.
Various regulatory bodies, including the Consumer Financial Protection Bureau (CFPB), fined the company a combined $ million as a result of . Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC (WFCS) and Wells Fargo Advisors Financial Network, LLC, Members SIPC, separate registered broker-dealers and non-bank affiliates of Wells Fargo & Company.
WellsTrade ® and Intuitive Investor ® accounts are offered through WFCS..
Links to third-party . The fast and easy way to access your loan information. Enter your username and password to securely view and manage your Wells Fargo accounts online. Welcome to Wells Fargo Financial Cards Online Customer Service!
Online account access to all of your Wells Fargo Financial Cards accounts including Visa® and Cash on Demand® is available hours a day. Ask the Wells Fargo Community. Share your knowledge and experiences.
Improve your financial health. Join the conversation.