Wachovia

With Execs In Hot Seat, Wells Fargo Gets OK For Bankruptcy Plan

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Retail banking giant Wells Fargo has fixed problems in its 2015 bankruptcy plan and will now be allowed to open new international branches, US banking regulators said Monday. The reprieve comes a day before a high-stakes shareholder meeting at which the bank’s board is facing a no-confidence vote. Wells Fargo has struggled to right itself … Read more

Wells Fargo Fund Business On the Defensive Amid Sales Scandal

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When a scandal over unauthorized accounts rocked Wells Fargo & Co’s (WFC. N) retail division last fall, executives at its asset management arm sprang into action to limit its fallout at an already tough time for their business. A Reuters’ review of minutes from about two dozen state and municipal pension board meetings across the … Read more