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Carrie L. Tolstedt is an ousted American banking executive and former head of the community banking division at Wells Fargo, [1] from which she retired in 2016 before the company's account fraud scandal came to light. In 2017, Wells Fargo retroactively fired Tolstedt for cause. In 2023, she would plead guilty to obstructing a bank examination.
The Wells Fargo cross-selling scandal was caused by creation of millions of fraudulent savings and checking accounts on behalf of Wells Fargo clients without their consent or knowledge due to aggressive internal sales goals at Wells Fargo. News of the fraud became widely known in late 2016 after various regulatory bodies, including the Consumer ...
A former Wells Fargo senior vice president has sued the bank, accusing it of inaction and retaliation after her complaints of sexual misconduct by a higher-ranking employee. (Mark Lennihan ...
Wells Fargo began laying off workers in the wake of a fake accounts scandal in 2016, when regulators accused employees of opening accounts without customers' consent or knowledge to meet corporate ...
A Wells Fargo & Co employee filed a lawsuit on Thursday accusing the bank of depriving hundreds of its U.S. branch workers of overtime pay, as the bank faces an unprecedented campaign to unionize ...
Title. CEO and president, Wells Fargo. Predecessor. C. Allen Parker. Spouse. Amy Scharf. Charles W. Scharf (born April 24, 1965) is an American investment banker and business executive who is the chief executive officer and president of Wells Fargo. He was previously the CEO of Visa Inc. [1] and BNY Mellon. [2] [3]
Wells Fargo and Co's disclosure of how its chief executive's pay compares to the rest of its workforce has drawn criticism from some company employees. Wells Fargo CEO's pay details spark pushback ...
Víctor Manuel Gerena (born June 24, 1958) is an American fugitive wanted by the Federal Bureau of Investigation for the September 1983 White Eagle armed robbery, as a Wells Fargo employee and a member of the Boricua Popular Army, of a Wells Fargo armored car facility. The $7 million in cash (roughly about $18 million as of May 2021) was the ...