Wells Fargo

Federal regulators announced this week that they’re lifting a severe punishment on Wells Fargo related to its fake accounts scandal from nearly a decade ago. WFAE's Marshall Terry and The Ledger's Tony Mecia discuss this, and other local business news, on this week's BizWorthy.

Wells Fargo has filed a petition to place signage at the top of its iconic tower on South Tryon Street in uptown Charlotte. The director of UNC Charlotte's School of Architecture weighs in on how this fits in to a relatively new trend.

A climate protest in uptown Charlotte at midday Tuesday called on Bank of America, Wells Fargo and other large banks to stop financing fossil fuel-related businesses.

Banking giant Wells Fargo has agreed to pay a $3.7 billion settlement over consumer loan violations.

A solar farm project that was supposed to help the city of Charlotte meet its climate goals is now uncertain after developers said they need a 25% price increase to keep it financially viable. It's one of many nationwide stalled by economic and social headwinds.

Bank of America and Wells Fargo have slashed some fees for customers. Both of the banks have a major presence in Charlotte. The fees in question — for account overdrafts and bounced checks — aren’t popular with consumers. The Charlotte Ledger business newsletter’s Tony Mecia has some thoughts about what’s behind the move.

Wells Fargo announced a $20 million donation to the Foundation For The Carolinas. The money will go out as grants to small and minority-owned businesses across Charlotte.

Wells Fargo has agreed to pay a $250 million fine imposed by a U.S federal banking regulator

The coronavirus pandemic has helped speed the establishment of employee disaster relief programs at companies nationwide. That's bringing more business to Charlotte-based E4E Relief, a subsidiary of the Foundation For The Carolinas that runs these kinds of programs.

The Charlotte-based banking giant earned $8.1 billion in the quarter, equal to 86 cents per share, compared to a profit of $4.01 billion, or 40 cents a share, in the same period a year earlier.