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Fed limits Wells Fargo's growth, citing 'consumer abuses'

San Francisco-based bank has struggled to recover from a scandal in which it opened millions of accounts that customers may not have approved        
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San Francisco — Wells Fargo's hometown — might ditch the bank (WFC)

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San Francisco may be dropping Wells Fargo for city business after its settlement with regulators over the opening of 2 million accounts in the name of customers without their knowledge between 2011 and 2015. The hit may be particula...

Fed caps growth at Wells Fargo over sham accounts, other consumer abuses

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The Federal Reserve ordered Wells Fargo & Co. on Friday to cap its growth and improve its corporate governance, punishment for what the regulator called “widespread consumer abuses and other compliance breakdowns” at the San Francis...

Wells Fargo opens fewer accounts after scandal, but deposits still climb

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Wells Fargo & Co. brought in fewer new customers and saw more existing ones close their accounts in October, the first full month since the San Francisco bank’s sales scandal came to light. The bank reported Thursday that it opened ...

Elizabeth Warren calls on Fed to remove Wells Fargo board members over accounts scandal

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Sen. Elizabeth Warren is calling on the Federal Reserve to remove Wells Fargo & Co. board members who presided over the bank when it opened millions of consumer accounts without customers’ authorization. The scandal, which erupted l...

S&P downgrades Wells Fargo credit rating after Fed sanctions

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S&P Global Ratings on Wednesday downgraded the credit rating for Wells Fargo, after the Federal Reserve slapped the bank with unprecedented sanctions that limit its growth. S&P lowered the grade by one notch to A- for Wells Fargo’s ...

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