WASHINGTON—The Office of the Comptroller of the Currency (OCC), a top U.S. banking regulator, kicked off its civil trial on Monday of three former Wells Fargo & Co. executives over their alleged roles in a scandal involving phony accounts at the San Francisco lender. The proceedings before an in-house OCC judge in Sioux Falls, South…
Ex-Wells Fargo Execs Square Off With US Regulator in Trial Over Phony Account Scandal
Wells Fargo Hit With New $250 Million Fine for Failure to Pay Back Wronged Customers
WASHINGTON—A top U.S. banking regulator fined Wells Fargo $250 million and placed new restrictions on the bank’s business after finding shortcomings in its earlier efforts to pay back customers it had previously harmed. The Office of the Comptroller of the Currency said the bank had not met the requirements of a 2018 consent order, when…
Wells Fargo Confirms Its Shutting Down All Personal Lines of Credit
Wells Fargo said it will no longer be offering personal lines of credit and will shut down down all existing personal lines of credit for customers, according to reports. The move doesn’t appear to affect credit cards. A spokesperson for the banking giant confirmed the development. “As we simplify our product offerings, we made the…
Minnesota Bank Hostage Suspect Had Previous Arrests, Was Released Despite Bail: Court Papers
The suspect involved in a hostage standoff with police at a Wells Fargo bank in Minnesota Thursday was the suspect in another case involving felony charges and was released after only five days, according to court documents. Ray Reco McNeary, 35, was arrested after a hostage situation stemming from an attempted bank robbery at a…
5 Freed after Hostage Situation at Wells Fargo Bank in Minnesota, Suspect in Custody
An hourslong hostage situation at a Wells Fargo bank in St. Cloud, Minnesota, resolved peacefully with no casualties after all five captives were released and a suspect was taken into custody late on Thursday. “A peaceful resolution, the best outcome we could have today,” St. Cloud Police Chief Blair Anderson said late on Thursday at…
2 Hostages Released From Wells Fargo Bank in Active Situation in St Cloud, Minnesota
An active hostage situation at a Wells Fargo bank in St. Cloud, Minnesota, has had two captives released as of late Thursday. One hostage was released just before 6:30 p.m. and another hostage was released around 7:00 p.m., according to local reports. Both were female, according to video footage shared by a reporter for local…
4 Hostages Apparently Released From Wells Fargo Bank in Active Situation in St Cloud, Minnesota
An active hostage situation at a Wells Fargo bank in St. Cloud, Minnesota, has seen four captives released as night fell on Thursday. One hostage was released just before 6:30 p.m. and another hostage was released around 7:00 p.m., according to local reports. Both were female, according to video footage shared by a reporter for…
Hostage Situation at Wells Fargo Bank in Minnesota Resolved, Suspect in Custody
An hourslong hostage situation at a Wells Fargo bank in St. Cloud, Minnesota, resolved peacefully with no casualties after all five captives were released and a suspect was taken into custody late Thursday. “A peaceful resolution, the best outcome we could have today,” St. Cloud Police Chief Blair Anderson said late Thursday at a news…
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