As these fake accounts grew, the CEO of Wells Fargo at the time, John Stumpf, raked in bigger and bigger bonuses. After the scandal blew up, regulators hit Stumpf with fines totalling $20 million — only a small dent in the estimated $130 million he walked away with in compensation when he resigned.
The bank is dropping its goal of achieving net-zero financed emissions across its portfolio by 2050, in addition to 2030 targets it set for sector-specific financed emissions.
Wells Fargo as announced another round of layoffs at its Jordan Creek Campus in West Des Moines, according to the state's Worker Adjustment and Retraining Notification website. The company's WARN notice said the 33 layoffs will be effective April 4.
Wells Fargo & Co. workers are calling on the bank to end its “divisive anti-union campaign” and update its bargaining strategy ahead of contract negotiations scheduled to resume this week.
The bank is dropping its goal of achieving net-zero financed emissions across its portfolio by 2050, in addition to 2030 targets it set for sector-specific financed emissions.