Wells Fargo Sticks to Their Sell Rating for Ford Motor (F)
In a report released yesterday, Colin Langan from Wells Fargo maintained a Sell rating on Ford Motor (F – Research Report), with a price target ...
Two more Wells Fargo federal consent orders terminated. But growth cap remains for now
In 2011, the bank was ordered to pay an $85M civil penalty, the largest the Fed had assessed in a consumer-protection ...
Wells Fargo federal consent order ends. It covered mortgage, other account ‘mismanagement’
In 2022, the CFPB had ordered the bank to pay $3.7 billion for ‘widespread’ problems with its auto loans, mortgages and ...
Ford price target lowered to $8 from $9 at Wells Fargo
Wells Fargo lowered the firm’s price target on Ford (F) to $8 from $9 and keeps an Underweight rating on the shares. The firm notes shares are ...
Wells Fargo Says Fed Closes Two Longstanding Enforcement Actions Against It
The closures have no impact on the Fed's 2018 consent order that required the bank to overhaul its governance and risk management processes and imposed a $2 trillion asset cap on the bank. Wells Fargo ...
Wells Fargo clears two more regulatory hurdles as asset cap remains
Regulators have closed nine consent orders against Wells Fargo since 2019. Just last week, the Consumer Financial Protection Bureau ended its 2022 consent order related to the bank's auto lending, ...
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Wells Fargo's co-CEO of corporate and investment banking steps down
In this week's banking news roundup: Wells Fargo's Jon Weiss resigned from his position as co-CEO of corporate and investment banking with plans to retire; a new CFPB report says military service ...