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3 Mar 2019, 9:06 am by Kevin LaCroix
In addition, a number of other Wells Fargo shareholders filed separate state court derivative actions relating to the bank’s alleged improper sales practices. [read post]
3 Mar 2019, 9:06 am by Kevin LaCroix
In addition, a number of other Wells Fargo shareholders filed separate state court derivative actions relating to the bank’s alleged improper sales practices. [read post]
5 Mar 2009, 12:06 pm
The Boilermaker-Blacksmith National Pension Trust is suing a number of investment banks, credit rating agencies, and underwriters, including Wells Fargo, WFASC, Morgan Stanley & Co., Credit Suisse Securities (USA) LLC, Barclays Capital Inc., Bear Stearns & Co., Countrywide Securities Corp., Deutsche Bank Securities Inc., JPMorgan Chase Inc., Bank of America Corp., Citigroup Global Markets Inc., McGraw-Hill Cos., Moody's Investor… [read post]
28 Sep 2016, 5:35 am by Megan Geuss
(credit: FotoGuy 49057) On Tuesday evening, Wells Fargo announced that the bank’s CEO, John Stumpf, would forfeit $41 million in uninvested equity and forego his salary in the wake of a scandal that has hurt the bank’s reputation. [read post]
9 Dec 2016, 8:11 am
Donnarumma told clients in an email that Wells Fargo Bank was prepared to close a standby letter of credit purchase transactions. [read post]
31 Jan 2017, 10:32 am by Aaron Christenson
Mitzie Perez and the California League of United Latin American Citizens (LULAC) [advocacy website] on Monday filed a lawsuit [complaint, PDF] against Wells Fargo alleging that the bank refused to extend Perez and other similarly situated students loans solely because of their immigration status. [read post]
21 May 2009, 8:06 pm
In November 2007, a Wells Fargo Bank's Trust Department reportedly sent a memo warning against buying ARS. [read post]
3 Apr 2020, 11:31 am by Renae Lloyd
The SEC Sanctions Wells Fargo for Alleged Supervisory Issues According to reports, the Securities and Exchange Commission has recently announced that Wells Fargo has agreed to pay $35 million over shortcomings with its investment recommendation practices. [read post]
6 Dec 2011, 3:27 am by Kevin LaCroix
  From the perspective of Wells Fargo, the litigation consequences for the bank from the mortgage meltdown are becoming rather impressive. [read post]
3 Jun 2010, 10:50 pm
Related Web Resources: Wells Fargo ordered to pay $30 million for fraud, MRNewsQ, June 3, 2010 Wells Fargo Wins Minnesota Verdict on Punitive Damages (Update), BusinessWeek, June 3, 2010 [read post]
20 Jan 2011, 11:00 pm by By DEALBOOK
Wells Fargo and other large banks want to become the new housing finance giants and bundle mortgages into securities. [read post]
28 Oct 2008, 6:41 pm
The Plaintiff in the would be class action seeking to enjoin the Wachovia and Wells Fargo merger is pursuing his effort to obtain expedited discovery. [read post]
21 Feb 2020, 1:29 am
Wells Fargo & Company and its subsidiary, Wells Fargo Bank, N.A., agreed to pay $3 billion to resolve their potential criminal and civil liability stemming from a practice between 2002 and 2016 of pressuring employees to meet unrealistic sales goals that led thousands of employees to provide millions of accounts or products to customers under false pretenses or without consent, often by creating false records or misusing customers’ identities. [read post]