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Wells Fargo settles retail sales lawsuit for $142 million

(Reuters) - Wells Fargo & Co said on Friday a district court in California approved a $142 million class-action settlement to compensate customers who were affected by a sales scandal related to the opening of phony bank accounts......»»

Category: topSource: reutersJun 15th, 2018

Wells Fargo to pay $480 million to resolve lawsuit related to sales scandal

(Reuters) - Wells Fargo & Co said on Friday it will pay $480 million to resolve a securities fraud lawsuit related to a sales scandal that surfaced in 2016......»»

Category: topSource: reutersMay 4th, 2018

How to figure out whether Wells Fargo owes you money

Wells Fargo owes some of its customers money. Until July 7, Wells Fargo clients affected by Wells Fargo's fraudulent account scandal can join a class action settlement......»»

Category: topSource: moneycentral3 hr. 25 min. ago

The Wall Street Journal: Wells Fargo to revamp structure of its wealth management business

Wells Fargo & Co. is expected to announce a restructuring of its wealth management business, according to people familiar with the matter, as it grapples with government investigations tied to client referrals and other related matters......»»

Category: topSource: marketwatchJun 18th, 2018

Will Wells Fargo Sales Scandal Open a Can of Worms for Banks?

Banks likely to get entangled in regul.....»»

Category: smallbizSource: nytJun 15th, 2018

Wells Fargo not only bank that opened unauthorized accounts

The Comptroller of the Currency won't publicly identify banks that opened accounts unauthorized by customers, a practice that led to scandal at Wells Fargo. But congressional Democrats are demanding full public disclosure......»»

Category: topSource: moneycentralJun 14th, 2018

Wells Fargo not only bank that opened unauthorized accounts

The Comptroller of the Currency won't publicly identify banks that opened accounts unauthorized by customers, a practice that led to scandal at Wells Fargo. But congressional Democrats are demanding full public disclosure......»»

Category: topSource: moneycentralJun 14th, 2018

Wells Fargo simplifies payments pricing to compete with Square

Wells Fargo & Co. will simplify the prices it charges small businesses to accept credit- and debit-card transactions as the bank responds to pressure from startups such as Jack Dorsey’s Square Inc......»»

Category: topSource: moneycentralJun 12th, 2018

Wells Fargo named preferred mortgage provider for Hudson Yards

Wells Fargo & Co.’s push to grow in New York is extending to the West Side The San Francisco-based lender won a deal to be the recommended bank for Related Cos.’ Hudson Yards, the... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkJun 8th, 2018

OCC: Wells Fargo account scandal not industrywide problem, Bloomberg says

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallJun 7th, 2018

Phony bank accounts not a "systemic" issue: U.S. regulator

A U.S. bank regulator said on Thursday that an industry-wide review prompted by Wells Fargo & Co's sales practices scandal had uncovered some instances of phony accounts at other lenders but little evidence of a "systemic" problem......»»

Category: topSource: moneycentralJun 7th, 2018

Phony bank accounts not a "systemic" issue: U.S. regulator

WASHINGTON (Reuters) - A U.S. bank regulator said on Thursday that an industry-wide review prompted by Wells Fargo & Co's sales practices scandal had uncovered some instances of phony accounts at other lenders but little evidence of a "systemic" problem......»»

Category: topSource: reutersJun 7th, 2018

Basswood Capital Management, L.l.c. Buys Lennar Corp, Wells Fargo, Luther Burbank Corp, Sells ...

Related Stocks: LEN, WFC, MCB, CFG, SASR, COF, LBC, DCOM, BOCH, FSB, DNBF, HM,.....»»

Category: smallbizSource: nytJun 5th, 2018

Hotchkis & Wiley Buys General Electric, Unilever, Wells Fargo

Firm’s largest buys of the first quarterCheck out Hotchkis & Wiley Stock Picks » Download GuruFolio Report of Hotchkis & Wiley (Updated on 05/30/2018)Related Stocks: GE, UL, PPL, WFC, SO, APA,.....»»

Category: blogSource: gurufocusMay 31st, 2018

Judge approves a $142-million settlement over the Wells Fargo accounts scandal, calling it "rough justice"

Wells Fargo & Co. customers who didn’t consent to .....»»

Category: topSource: latimesMay 30th, 2018

Wells Fargo"s Bad News is Pretty Much All Out: CFO

Wells Fargo has been dealing with one scandal after another for the past two years, but all the bad news is now pretty much out, according to CFO John Shrewsberry......»»

Category: topSource: barronsMay 30th, 2018

Howard Capital Management Inc. Buys ProShares Ultra QQQ, Wells Fargo, Ford Motor Co, Sells ...

Related Stocks: QLD, F, IWM, GILD, AMGN, HPE, WFC, CME, PGR, APA, PCG, CA, INT,.....»»

Category: smallbizSource: nytMay 24th, 2018

Wells Fargo Woes, Crypto Fraud

Wells Fargo’s wholesale unit improperly altered documents related to business customers, and a study suggests a high degree of fraud in cryptocurrency offerings......»»

Category: topSource: barronsMay 18th, 2018

Wells Fargo reportedly altered customer docs; exec retires

Wells Fargo employees in its wholesale banking business allegedly improperly altered information on documents related to corporate customers, The Wall Street Journal reports......»»

Category: topSource: foxnewsMay 17th, 2018

Wells Fargo"s Latest Scandal: What You Need To Know

Wells Fargo & Co (NYSE: WFC) is embroiled in a new scandal — this time relating to its business banking unit, The Wall Street Journal reported. read more.....»»

Category: blogSource: benzingaMay 17th, 2018