WELLS FARGO & COMPANY/MN (WFC) Risk Factors

Recent key developments

Concrete developments — dated events, named agreements and instruments, legal proceedings — that WELLS FARGO & COMPANY/MN surfaced in its latest filing.

• Subject to a Support Agreement dated June 28, 2017, as amended and restated on June 26, 2019, under which the IHC may be restricted from making dividend payments to the Parent if certain liquidity and/or capital metrics fall below defined triggers or if the Parent's board authorizes a bankruptcy filing.June 26, 2019
• Subject to a February 2018 consent order with the Federal Reserve Board regarding governance, oversight, compliance, and operational risk management.February 2018
• Subject to a September 2024 formal agreement with the OCC regarding anti-money laundering and sanctions risk management practices.September 2024
• Entered into settlements to resolve inquiries or investigations by various government entities and lawsuits by non-governmental parties arising out of certain retail sales practices.
• Identified certain issues related to past practices involving certain automobile collateral protection insurance policies.
• Identified certain issues related to the unused portion of guaranteed automobile protection waiver or insurance agreements.
• The allowance for credit losses was appropriate at December 31, 2025, but may be insufficient for future credit losses.December 31, 2025
• Wells Fargo entered into a Support Agreement under which the Parent transferred significant assets to the IHC and will continue to transfer assets from time to time.June 28, 2017