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15 Oct 2010, 7:50 am
Wells Fargo last week agreed to a settlement with attorneys general of eight states, including Florida, in response to claims of deceptive marketing practices surrounding payment option adjustable rate mortgage originated by a Wells Fargo Bank subsidiary bank. [read post]
7 Feb 2013, 9:41 am
The broker acted based on research she was provided by Wells Fargo, so Wells Fargo was found solely liable for the investor's losses. [read post]
22 Jan 2015, 1:33 pm by Associated Press
Wells Fargo and JPMorgan Chase have agreed to pay more than $35 million combined to resolve claims that loan officers at the two banks received kickbacks in exchange for steering mortgage borrowers to a Maryland title company. [read post]
4 Jun 2010, 3:21 am by By DEALBOOK
A jury decided not to impose punitive damages against Wells Fargo on Thursday, a day after those jurors awarded $29.9 million to four nonprofits after finding the bank had breached its fiduciary duty and engaged in fraud. [read post]
3 Jul 2014, 8:19 am by Bloomberg
CWCapital Asset Management and Wells Fargo & Co. were sued by lenders claiming they are being cheated out of hundreds of millions of dollars in the takeover of the Stuyvesant Town and Peter Cooper Village development in Manhattan. [read post]
17 Jan 2012, 1:35 pm by By PETER EAVIS
In contrast to its peers, Well Fargo made $430 million in net gains from trading activities in the fourth quarter, compared with a $442 million loss in the third quarter. [read post]
28 Oct 2010, 3:18 am by By DEALBOOK
After several weeks of insisting its foreclosure processes were sound, Wells Fargo & Company said on Wednesday that it planned to correct and resubmit up to 55,000 improperly filed documents by mid-November. [read post]
24 Mar 2010, 2:52 am by By DEALBOOK
GMAC Financial Services, the U.S. auto finance company, agreed to sell its factoring business unit to Wells Fargo, Bloomberg News reported, citing two people with direct knowledge of the matter. [read post]
17 Oct 2011, 5:09 am by By BEN PROTESS
Wells Fargo, the nation's largest consumer lender, said its third-quarter earnings rose 21 percent, even as a drop in revenue indicated a disappointing sign for the bank. [read post]
14 Dec 2009, 3:33 pm
Wells Fargo said Monday evening that it would repay the entire $25 billion that it received in the government's bailout last year. [read post]
9 Oct 2008, 9:23 pm
Citigroup said late Thursday that it will not try to block a merger between Wachovia and Wells Fargo, but that it would continue to seek $60 billion in legal damages after the Charlotte-based bank spurned a $2.2 billion deal proffered by Citigroup at the government’s behest. [read post]
13 Jun 2011, 8:08 pm by Maine Employee Rights Group
A federal judge in Washington has approved a settlement that will require Wells Fargo to pay $32 million and reform its employment policies because of a sex discrimination class action lawsuit. [read post]
5 Aug 2024, 12:45 pm by Silver Law Group
An investor has filed a Class Action Complaint against Wells Fargo in the Northern District of California alleging that Wells Fargo failed to pay the highest-available interest rate on the cash balance in customer accounts. [read post]
15 Aug 2011, 7:12 am by By AZAM AHMED
Wells Fargo is moving to bolster the investment banking practice it inherited in its acquisition of Wachovia. [read post]
13 Jul 2012, 5:31 am by By NATHANIEL POPPER
Wells Fargo reported its 10th consecutive quarter of earnings growth as a result of a booming mortgage business. [read post]