Richard Davis passed on Wells Fargo CEO role, WSJ reports

Credit: bizjournals- Published on June 12, 2019
Richard Davis, who left his job as U.S. Bancorp chief executive last year, apparently isn't headed back into banking — at least not at Wells Fargo & Co., which reportedly approached Davis about becoming its CEO. The Wall Street Journal, citing unidentified people familiar with the situation, said that Davis — now CEO of...

Credit: Wochit Business
Published on June 10, 2019 -  00:37
Wells Fargo To Pay $386 Million In Settlement
Wells Fargo & Co. will pay customers at least $386 million to settle class-action claims that the bank signed them up for auto insurance they did not want or need when they took out car loans. District Court in Santa Ana, Calif., and requires a judge’s approval. National General Insurance Co., an underwriter, will pay an additional $7.5 million, making the total customer payout at least $393.5 million, according to the filings.

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