Similar Stories to Wells Fargo's $1 Billion Fine -- Here's What Investors Need To Know on Bing News

In the latest chapter of the Wells Fargo (NYSE: WFC) saga, the bank has agreed to a $1 billion penalty from the CFPB -- the largest penalty ever levied by the agency. In this clip, host Michael Douglass and Fool.com contributor Matt Frankel discuss what this means to investors.A full transcript follows the video.Continue reading

Topics:  wells fargo nyse   wfc    cfpb   michael douglass   fool   matt frankel   billion   investors   penalty   
BING NEWS:
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    NEW YORK, April 18 (Reuters Breakingviews) - The problem child of U.S. banking has been sitting on the naughty step for six long years. Wells Fargo (WFC.N) , opens new tab was prohibited from ...
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  • Wells Fargo tells state court why it should toss out $34M lawsuit from former CEO
    Carrie Tolstedt, former head of Wells Fargo’s consumer bank, also faced a $25 million fine and an industry ban ... In 2018, Wells Fargo was assessed a $1 billion penalty in a case brought ...
    04/17/2024 - 5:46 am | View Link
  • Wells Fargo Settlement: Part 1 – It’s Even Worse Than Imagined
    It was not simply the amount of the fine and penalty or even the scope ... Recovery and Enforcement Act of 1989 (FIRREA) based on Wells Fargo’s creation of false bank records.
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