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Wells Fargo & Company (WFC)

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  • Bloomberg

    Wells Fargo, RBC Bankers Met Texas AG Staff Regarding ESG Probe

    (Bloomberg) -- The Texas Attorney General’s staff met with municipal finance executives from Wells Fargo & Co. and RBC Capital Markets as Ken Paxton’s probe into whether the Wall Street banks “boycott” the fossil fuels industry drags on.Most Read from BloombergUS and Saudis Near Defense Pact Meant to Reshape Middle EastTesla Axes Supercharger Team in Blow to Broader EV MarketNYPD Arrests Over 300 Protesters in Crackdown on College CampusesThe Ozempic Effect: How a Weight Loss Wonder Drug Gobbled

  • Reuters

    Wells Fargo investors approve executive pay, CEO underscores risk controls

    Wells Fargo shareholders on Tuesday approved its plans for executive compensation with a majority vote, including hiking CEO Charlie Scharf's 2023 package to $29 million. Scharf told investors at the bank's annual meeting that it is investing in risk and control infrastructure, which became top priorities after a 2016 scandal in which employees had opened millions of fraudulent accounts, often to meet sales goals. "Our control environment has become increasingly stronger to numerous internal metrics and shows that the work is clearly improving in our control environment but we will not be satisfied until all of our work is complete," Scharf said.

  • Motley Fool

    If You'd Invested $1,000 in Wells Fargo 5 Years Ago, Here's How Much You'd Have Today

    The big bank hasn't exactly been a terrible investment, but it has lagged behind its peers.