Employees rallied in Charlotte on Tuesday to call attention to allegations that a senior HR executive at the bank is coercing workers to decertify their union.

A class of plaintiffs who are former investors of Wells Fargo sued the bank in 2022, claiming that it conducted fake job interviews to get around the company’s diversity guidelines. After the New York Times published a story detailing the sham interviews, Wells Fargo’s common stock price plummeted, causing the investors to suffer significant losses and damages.

Wells Fargo& Co. reported Tuesday another in a series of steady-as-you-go financial performances for the second quarter as the bank emerges from the Federal Reserve's final consent order. Diluted earnings were $1.

Since the start of 2021, Wells Fargo has eliminated 19,096 job positions, or 7.1%, for an overall workforce total of 249,435 as of Dec. 31. People are also reading…

This Friday, Aug. 11, 2017, file photo shows a sign at a Wells Fargo bank location in Philadelphia. (AP Photo/Matt Rourke, File) SAN FRANCISCO (CN) — A federal judge ruled early Monday morning that class action claims accusing some Wells Fargo employees of conducting fake job interviews to get ...

Charlie Scharf, Wells Fargo’s CEO, said of today’s news: “We are pleased that the OCC has again validated our work and terminated this consent order in just three and a half years.