The Wells Fargo CEO said the incoming administration signaled a "more business-friendly approach to policies and regulations."

Paul McLinko served as the bank’s executive audit director during its 2016 fake-accounts scandal. He called the penalty “arbitrary, capricious, an abuse of discretion, and otherwise not in accordance with law.

Welcome, and thank you for joining the Wells Fargo Fourth Quarter 2024 Earnings Conference Call. (Operator Instructions) Please note that today's call is being recorded. I would now like to turn the call over to John Campbell, Director of Investor Relations. Sir, you may begin.

The Office of the Comptroller of the Currency banned the bank’s former community bank group risk officer for life, among other penalties handed down Tuesday.

Wells Fargo & Co. took a $647 million severance charge in the fourth quarter, as Chief Executive Officer Charlie Scharf continues to whittle headcount as part of broader efforts to slash costs and remake the bank.

Wells Fargo and other large wealth managers have been under scrutiny from plaintiffs' lawyers and regulators for the returns they pay on uninvested cash. It hardly mattered for Wells' bottom line last quarter.

Wells Fargo's net interest income for the fourth quarter came in at $11.836 billion, down 7% from a year earlier, but ahead of the FactSet consensus of $11.741 billion. The bank reported a taxable equ

Wells Fargo's profit rose significantly in the fourth quarter due to a rebound in dealmaking activity. The bank has been focusing on diversifying its revenue through investment banking under CEO Charlie Scharf's leadership.

Donald Trump is set to be sworn in as the 47th president of the United States on Monday, officially kicking off his second term in office after a historic political comeback from his defeat in 2020.

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Expectations for a pro-business climate under the incoming Trump administration has lifted the spirits of major bank executives.

Every published analysis of Well Fargo’s Christmas-week decision to sell its longtime headquarters high-rise deep in San Francisco’s financial district has missed the entire point.