Investigators drop $10M fine against Wells Fargo exec of Lake Elmo

Claudia Russ Anderson, of Lake Elmo, who served Wells Fargo’s community bank group risk officer, no longer must pay a fine ...

Wells Fargo exec ordered to pay $10M in fraud scandal instead will pay nothing

The new settlement with the feds is the final action by the OCC against one-time bank executives caught up in the scandal.

Kristin Larson: How Growing Up on a Farm Led to Wealth Management Success

The 34-year-old founder of NewSpring Wealth Partners in Minneapolis explains how she won clients’ trust when she was just starting out and why she decided to go independent when she was eight months ...

Wells Fargo will pay $85M to settle claim alleging ‘sham’ diversity hiring practices

A lawsuit alleged the employer held fake job interviews to comply with a policy requiring diverse hiring slates.
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Cautious Banks Cede CRE Lending Ground To Private Capital

New loan originations remain limited at banks as they cautiously look to provide loans for commercial real estate only to be ...

Wells Fargo CEO Charlie Scharf says banking system shows no cracks

Wells Fargo ( NYSE: WFC) CEO Charlie Scharf said Tuesday he sees no cracks in the U.S. banking system, calling the credit ...

Wells Fargo settles fake DEI job interview claims in class-action suit for $85M

Banking giant Wells Fargo has agreed to pay $85 million to settle a three-year class-action legal battle in California over claims that it held fake job interviews to meet diversity targets.

Powell hints at rate cut as bank credit fears emerge

The recovery was also fueled by stronger-than-expected bank earnings and by dovish remarks from Federal Reserve Chair Jerome ...