Wells Fargo Bank News 2024. A man walks from a branch of wells fargo bank in the university district of seattle, washington, u.s. The news, which surfaced in late 2023, revealed that wells fargo ceo charlie scharf shared plans to cut the company’s workforce, anticipating severance costs ranging.

Wells fargo operates under a $1.95 trillion asset cap that prevents it from growing until regulators deem it has fixed problems dating back to the fake accounts scandal. Bank regulators to shore up its financial crimes risk management, including internal controls related to suspicious activity and money.