Advertisements



Wells Fargo legal headaches are hurting profits

Wells Fargo's pre-crisis subprime mortgage troubles are coming back to haunt the bank a decade later. The big bank said on Friday that third-quarter profits tumbled by 18% because it set aside $1 billion for legal expenses.....»»

Category: marketsSource: cnnOct 13th, 2017

Wells Fargo legal headaches are hurting profits

Wells Fargo's pre-crisis subprime mortgage troubles are coming back to haunt the bank a decade later. The big bank said on Friday that third-quarter profits tumbled by 18% because it set aside $1 billion for legal expenses.....»»

Category: marketsSource: cnnOct 13th, 2017

Wells Fargo 3Q delivers an unwelcome surprise for investors

Wells Fargo is reporting an 18 percent decline in third-quarter profits, caused by a significant increase in the bank's legal expenses......»»

Category: topSource: foxnewsOct 13th, 2017

Wells Fargo profits fall 18% due to legal costs

Wells Fargo's third-quarter profits dropped 18%, c.....»»

Category: topSource: latimesOct 13th, 2017

Wells Fargo 3Q results fall 18 percent due to legal costs

Wells Fargo is reporting an 18 percent decline in third-quarter profits, caused by a significant increase in the bank's legal expenses......»»

Category: topSource: foxnewsOct 13th, 2017

Janet Yellen’s Last Act at the Federal Reserve: Punishing Wells Fargo

The move will cost Wells Fargo up to $400 million in profits. Fed chair Janet Yellen will officially leave her post Saturday, but she’s not going qui.....»»

Category: europeSource: fortuneFeb 2nd, 2018

Wells Fargo plans to close 800 more branches by 2020

Wells Fargo, scrambling to slash costs to offset soaring legal expenses, plans to pull the plug on another 800 branches by 2020......»»

Category: topSource: moneycentralJan 12th, 2018

Wells Fargo"s legal troubles won"t go away

Wells Fargo scored a massive $3.4 billion windfall from the tax law, but most of that was erased by mounting legal costs from the bank's various scandals......»»

Category: topSource: cnnJan 12th, 2018

Wells Fargo"s legal troubles erase tax windfall

Wells Fargo scored a massive $3.4 billion windfall from the tax law, but most of that was erased by mounting legal costs from the bank's various scandals......»»

Category: topSource: cnnJan 12th, 2018

Wells Fargo"s legal troubles drown out huge tax windfall

Wells Fargo's legal troubles won't go away......»»

Category: topSource: moneyJan 12th, 2018

Wells Fargo adds $3.25 billion to consumer legal bill in fourth quarter

(Reuters) - Wells Fargo & Co s.....»»

Category: topSource: reutersJan 12th, 2018

Trump says Wells Fargo's penalties for 'bad acts' could be 'substantially increased' - Washington Post

Washington PostTrump says Wells Fargo's penalties for 'bad acts' could be 'substantially increased'Washington PostThis story has been updated with news about a legal brief fil.....»»

Category: topSource: googlenewsDec 8th, 2017

Wells Fargo Faces Legal Issues, High Costs: Time to Sell?

Zacks.....»»

Category: topSource: redinewsNov 21st, 2017

Wells Fargo Faces Legal Issues, High Costs: Time to Sell?

Wells Fargo (WFC) is under pressure on legal issues and elevated costs, despite efficiency initiatives. We issued an updated research report on Wells Fargo & Company WFC on Nov 20. The San Francisco-based company has tradition.....»»

Category: topSource: zacksNov 21st, 2017

Wells Fargo Just Can’t Get Out of Its Own Way

The dismissal of a senior executive at Wells Fargo is hurting the stock today......»»

Category: blogSource: barronsNov 17th, 2017

Wells Fargo Adds $1 Billion to Possible Legal Cost - Bloomberg

BloombergWells Fargo.....»»

Category: topSource: googlenewsNov 4th, 2017

Wells Fargo's profits tumble as mega bank struggles to rebound from sales scandal - Washington Post

Washington PostWells Fargo's profi.....»»

Category: topSource: googlenewsOct 15th, 2017

Wells Fargo earnings: fake accounts scandal, legal cost disclosure take financial toll

The San Francisco-based bank reported a $1 billion accrual for previou.....»»

Category: topSource: usatodayOct 13th, 2017

Wells Fargo (WFC) Q3 Earnings in Line, Legal Costs Flare Up

Marred by legal costs, Wells Fargo & Company (WFC) recorded third-quarter 2017 earnings of 84 cents per share, including mortgage related discrete litigation accrual. This compared unfavorably with the prior-year quarter figure of $1......»»

Category: dealsSource: nytOct 13th, 2017

Wells Fargo"s profits tumble as mega bank struggles to rebound from sales scandal

Wells Fargo was already dethroned as the world's most valuable bank following the scandal, but now it's slipping further behind......»»

Category: topSource: washpostOct 13th, 2017

Wells Fargo profit falls 18% in third quarter due to legal costs

Wells Fargo's third-quarter profit dropped 18%, c.....»»

Category: topSource: latimesOct 13th, 2017