Wells Fargo

Wells Fargo Site Crashes As Customers Try To See If They've Received Stimulus Payments

Chris Arnold

The bank blamed "high volumes" for the outage on its online banking site, but said the issue does not affect the actual deposits of the stimulus checks.

A man walks past a "Now Hiring" sign in front of a store in early December in Arlington, Va. U.S. employers added 379,000 jobs in February, as hiring picked up sharply from the previous month.

Health

A Sign Of Hope After 'Winter Hibernation': Employers Add 379,000 Jobs

Scott Horsley

Meanwhile, the unemployment rate dipped to 6.2% last month as the winter wave of coronavirus infections eased.

Wells Fargo has fired more than 100 employees whom it says personally defrauded a pandemic relief program from the Small Business Administration.

Business & Economy

Wells Fargo Fires More Than 100 Employees Accused Of Coronavirus Relief Fraud

Laurel Wamsley

The employees' alleged actions were outside of their work responsibilities and do not involve Wells Fargo's customers, the company said. The bank says it's cooperating with law enforcement.

Former Equifax CEO Richard Smith testifies about the company's massive data breach before a House Energy and Commerce subcommittee on Tuesday.

Business & Economy

Equifax And Wells Fargo Apologize To Congress; Lawmakers Not Buying It

Marilyn Geewax

Equifax's former CEO Richard Smith and Wells Fargo CEO Tim Sloan both said "sorry" for the harm their companies have inflicted on consumers. But lawmakers scolded them in two different hearings.

This revelation of more potentially unauthorized accounts is likely to ratchet up the congressional and regulatory scrutiny Wells Fargo already faces.

Business & Economy

Wells Fargo Admits To Nearly Twice As Many Possible Fake Accounts — 3.5 Million

Uri Berliner

An outside review discovered that 1.4 million more potentially unauthorized accounts were opened between January 2009 and September 2016.