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American multinational financial services company Wells Fargo is fined $250 million for "unsafe or unsound practices" related to its home-lending practices by the United States Office of the Comptroller of the Currency.
2021-09-9

Wells Fargo is set to pay $3 billion over their 2016 scandal of creating fake accounts in customers' names.
2020-02-21

Wells Fargo bank is fined US$1 billion by the United States government for mishandling of mortgages and automobile loans. Wells Fargo is also ordered to reimburse customers who were overcharged.
2018-04-20

The U.S. Financial Industry Regulatory Authority fines several companies, including Wells Fargo, RBC Capital Markets, and LPL Financial, a combined $14.4 million for record-keeping problems that could have allowed company and customer documents to be altered.
2016-12-21

The scandal over improper practices of unauthorized accounts at Wells Fargo extends to thousands of small-business owners.
2016-10-4

Wells Fargo of the United States becomes the world's largest bank by market capitalisation, replacing the Industrial and Commercial Bank of China amid an economic slowdown in China. [http:--www.france24.com-en-20130724-wells-fargo-deposes-chinas-icbc-worlds-biggest-bank (AFP via France 24)]date=July 2019
2013-07-24

For $8.5 billion, ten banks settle to stop mortgage foreclosure process audits. The United States government regulators had been engaged in a loan-by-loan review of home loan practices during the Great Recession. Bank of America, Citigroup Inc, JPMorgan Chase & Co, Wells Fargo & Co, MetLife Bank, Aurora Bank FSB, PNC Financial Services Group Inc, Sovereign Bank NA, SunTrust Banks Inc, and U.S. Bancorp settle with regulators to pay out cash up to $125,000 to homeowners whose homes were being foreclosed when the paperwork problems emerged. Further, Bank of America agrees to pay $11.6 billion to government mortgage finance company Fannie Mae.
2013-01-7

Wells Fargo decides to pay a $175 million settlement in a subprime mortgage compensation case.
2012-07-12

Wells Fargo plans to move jobs to India and the Philippines.
2012-06-22

American bank Wells Fargo admits it made mistakes in 55,000 real estate foreclosure cases.
2010-10-27