The Wells Fargo CEO said the incoming administration signaled a "more business-friendly approach to policies and regulations."

Paul McLinko served as the bank’s executive audit director during its 2016 fake-accounts scandal. He called the penalty “arbitrary, capricious, an abuse of discretion, and otherwise not in accordance with law.

The Office of the Comptroller of the Currency banned the bank’s former community bank group risk officer for life, among other penalties handed down Tuesday.

Welcome, and thank you for joining the Wells Fargo Fourth Quarter 2024 Earnings Conference Call. (Operator Instructions) Please note that today's call is being recorded. I would now like to turn the call over to John Campbell, Director of Investor Relations. Sir, you may begin.

Wells Fargo and other large wealth managers have been under scrutiny from plaintiffs' lawyers and regulators for the returns they pay on uninvested cash. It hardly mattered for Wells' bottom line last quarter.

Wells Fargo & Co. took a $647 million severance charge in the fourth quarter, as Chief Executive Officer Charlie Scharf continues to whittle headcount as part of broader efforts to slash costs and remake the bank.

Wells Fargo's profit rose significantly in the fourth quarter due to a rebound in dealmaking activity. The bank has been focusing on diversifying its revenue through investment banking under CEO Charlie Scharf's leadership.

Wells Fargo's net interest income for the fourth quarter came in at $11.836 billion, down 7% from a year earlier, but ahead of the FactSet consensus of $11.741 billion. The bank reported a taxable equ

Operator Welcome, and thank you for joining the Wells Fargo fourth-quarter 2024 earnings conference call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks,

Every published analysis of Well Fargo’s Christmas-week decision to sell its longtime headquarters high-rise deep in San Francisco’s financial district has missed the entire point. Speculation has

Presentation Operator Welcome, and thank you for joining the Wells Fargo Fourth Quarter 2024 Earnings Conference Call. [Operator Instructions]. Please note that today's call is being recorded. I would now like to turn the call over to John Campbell,

Two years ago, Goldman Sachs Group Inc. Chief Executive David Solomon was on the ropes after he made the difficult decision to scale back the bank's push into the consumer banking space in a move that resulted in at least $3 billion in losses as well as layoffs.