Wells Fargo will pay $50 million to settle class action claims it profited off home buyers who went into default during the 2008 financial crisis by secretly charging them inflated mortgage fees.

Company has disclosed the compensation details for its CEO and President, Charles W. Scharf, who will receive $31.2 million for his performance in 2024. The announcement was made following approval by ...

The CEO's compensation increasted to $31.2 million for 2024, marking a 7.6% rise from the $29 million he earned in 2023.