Recent events
Recent events tied to this brand in public sources.
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2020
Wells Fargo and NGLCC announce XLR8 program collaboration
Wells Fargo and the National LGBT Chamber of Commerce announced their collaboration on the XLR8 Program, designed to help LGBT-owned businesses grow and succeed in a competitive market.
2020
MEMX completes a funding round exceeding $65 million
Members Exchange (MEMX) completed its latest funding round, raising more than $65 million from investors including BlackRock, Wells Fargo, Flow Traders, Manikay Partners and Williams Trading.
2020
MEMX closes financing round with five new investors
Members Exchange announced that it closed a strategic financing round with BlackRock, Wells Fargo, Flow Traders, Manikay Partners, and Williams Trading, raising more than $65 million in the round.
2020
Wells Fargo sued over PPP loan processing
A class-action lawsuit filed against Wells Fargo accused the bank of reshuffling Paycheck Protection Program applications and prioritizing applications for larger loans. These are allegations in the lawsuit, not a determination of wrongdoing.
2020
Wells Fargo board leaders resign
Wells Fargo board chair Elizabeth Duke and director James Quigley resigned from their leadership roles after criticism of the bank's response to its sales scandal. They said the board accepted their resignations.
2020
Wells Fargo announces two consumer bank accounts
Wells Fargo announced two new consumer bank accounts, planned to be available by early 2021: a check-less account with no overdraft fees and an account with checks that limits overdraft fees to one per month.
2020
SEC imposes $35 million penalty on Wells Fargo over investment advice
The SEC said Wells Fargo will pay a $35 million fine for recommending risky single-inverse ETFs to some clients, including seniors and retirees; the SEC said some clients had moderate or conservative risk tolerances and little or no relevant investing experience.
2020
Wells Fargo sales-scandal settlement
Wells Fargo entered into a deal with the U.S. Department of Justice and the SEC to settle a scandal involving fake account openings. The source does not state that the settlement was completed.
2020
Wells Fargo reaches $3 billion settlement over fake-accounts scandal
Wells Fargo reached a settlement with the Justice Department and Securities and Exchange Commission resolving criminal and civil liabilities related to its fake-accounts scandal. The agreement included a $3 billion fine, and Wells Fargo admitted that it falsified bank records, harmed customers' credit ratings, unlawfully misused personal information, and wrongfully collected fees and interest.
2020
Wells Fargo reaches $3 billion settlement resolving fake-accounts investigations
Federal authorities fined Wells Fargo $3 billion in a settlement resolving criminal and civil liabilities related to its fake-accounts scandal. Wells Fargo admitted that it falsified bank records, harmed customers' credit ratings, misused personal information, and wrongfully collected fees and interest between 2002 and 2016.
2019
Wells Fargo names Charles Scharf as CEO
Wells Fargo said it was naming Charles Scharf as CEO, succeeding C. Allen Parker.