Wells Fargo
Wells Fargo
Wells Fargo is one of the largest banks in the United States, with approximately $1.9 trillion in balance sheet assets. The company is split into four primary segments: consumer banking, commercial banking, corporate and investment banking, and wealth and investment management.
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A federal court in Minneapolis has found Wells Fargo liable for a 20 percent negligence penalty for participating in a tax shelter sold by Barclays Bank that generated $350 million in foreign tax credits.
May 25 -
Senators ask the Public Company Accounting Oversight Board about auditing rules in the wake of a high-profile scandal involving the opening of millions of customer accounts.
April 27 -
The six largest financial institutions could see net income jump by an average of 14 percent if the president delivers on his promise to cut corporate rates.
February 16
