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Wells Fargo's sales culture and cross-selling strategy, and their impact on customers, were documented by the Wall Street Journal as early as 2011. [5] In 2013, a Los Angeles Times investigation revealed intense pressure on bank managers and individual bankers to produce sales against extremely aggressive and even mathematically impossible [7] quotas. [8]
A number of bank employees are discreetly discussing whether to follow the lead from colleagues at nearly two dozen branches of Wells Fargo that organized under the umbrella of the CWA guild ...
Wells Fargo CEO Charles Scharf said when he took over the top job in 2019 that his "first priority" was to clean up the bank's many messes. He is making progress — but still has more to do.
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 ...
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.
At around 7 a.m. on a Friday, Denise Prudhomme scanned into her Wells Fargo job, housed in a corporate office in Tempe, Ariz. She was found dead in her cubicle four days later. Prudhomme, 60, was ...
Águila Blanca (named after José Maldonado Román and meaning "White Eagle" in English) was the name given by Los Macheteros (a guerrilla group seeking Puerto Rican independence from the United States) to its robbery of a Wells Fargo depot on September 12, 1983, a day coinciding with the birth date of Puerto Rican Nationalist Dr. Pedro Albizu Campos. [1]
Wells Fargo sees the S&P 500 reaching 7,007 by the end of 2025 as a strong economy and a Federal Reserve cutting cycle help drive stocks higher. ... Harvey sees a similar playbook to Bank of ...