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Wells Fargo's share price fell 10.2% over two days in June 2022, wiping out more than $17 billion of market value, after the New York Times reported the Justice Department probe.
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For years Wells Fargo was the largest employer in the metro, reaching a high of about 14,500 workers in 2017. Slipping more recently to about 11,000, it has been surpassed by Hy-Vee , which has ...
Map of Wells Fargo branches in August 2015 Wells Fargo branch in Berkeley, California A former Wachovia branch converted to Wells Fargo in the fall of 2011 in Durham, North Carolina American Express Co. early receipts (1853, 1869) Stagecoach with Christmas gifts at a Wells Fargo Bank, San Francisco Wells Fargo & Co. Express building circa 1860, Stockton, California Mud wagon — Wells Fargo U ...
In September 2009 Wells Fargo announced Kovacevich would step down as chairman and a director at the end of 2009 and retire from the company in early 2010 after 23 years with Norwest and Wells Fargo. [9] As of October, 2020, it was reported that he still had an office and personal assistant at Wells Fargo. [10]
The Supreme Court decided two cases where businesses appealed the previous rulings, finding for the plaintiffs in both. The Court upheld a more than $150 million class action judgment on Walmart's treatment of workers in Pennsylvania, and upheld a $203 million judgment against Wells Fargo over allegations the bank imposed excessive overdraft fees.
Overall, San Francisco-based Wells Fargo ― until recently, Des Moines metro's largest employer ― shed 11,300 jobs in 2023, or 4.7% of its workforce, according to YahooFinance. That year began ...
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