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7 Oct 2016, 12:49 pm
Massachusetts is also seeking an administrative fine.The charge against Morgan Stanley comes in the wake of Wells Fargo’s $185 million fine from regulators and the firing of 5,300 Wells Fargo employees regarding its cross selling program for retail banking customers. [read post]
4 Oct 2016, 4:17 pm by Sabrina I. Pacifici
In April of this year, the agencies jointly determined that each of the 2015 resolution plans of Bank of America, Bank of New York Mellon, JPMorgan Chase, State Street, and Wells Fargo was not credible or would not facilitate an orderly resolution under the U.S. [read post]
30 Sep 2016, 5:58 am by Staci Zaretsky
" Wells Fargo CEO John Stumpf may be forfeiting $41 million in pay, but lawmakers were still pretty darn upset with him when he testified before the House Financial Services Committee at a hearing yesterday. [read post]
28 Sep 2016, 1:08 pm by Susanna Leighton
Thanks in large part to Senator Elizabeth Warren’s indefatigable efforts to hold “too big to fail” banks accountable for their part in the financial crisis that devastated the country in 2008, Wells Fargo’s CEO John Strumpf is being forced by the bank to forfeit $41 million dollars as a result of his role in theThe post More Bad News for Wells Fargo CEO appeared first on Legal Reader. [read post]
28 Sep 2016, 9:36 am by David Cosgrove
Wells Fargo Advisors, LLC and Fulcrum Securities, LLC were ordered to pay $470,000 to investors for their failure to oversee Christopher Cunningham of Virginia, who defrauded elderly clients in a Ponzi scheme. [read post]
27 Sep 2016, 6:02 pm by Joy Waltemath
Wells Fargo Bank & Company, in the Superior Court of California, County of Los Angeles; the case is No. [read post]
27 Sep 2016, 1:07 pm by Miracle Jones
Wells Fargo [corporate website] shareholders on Monday filed [press release] suit against the banking conglomerate over their allegedly deceptive sales practices. [read post]
27 Sep 2016, 10:57 am by Adam Levitin
 The Fed only did one origination-related action, and that was in July 2011 relating to some specific problems with Wells Fargo. [read post]
25 Sep 2016, 11:02 am by Sabrina I. Pacifici
District Court in Utah…” See also Consumer Financial Protection Bureau Fines Wells Fargo $100 Million for Widespread Illegal Practice of Secretly Opening Unauthorized Accounts [read post]
22 Sep 2016, 12:58 pm by Robin Frazer Clark
And according to CNN, Wells Fargo may be the tip of the iceberg for banking fraud. [read post]
21 Sep 2016, 8:29 pm by Adam Levitin
 Heck, this all went on in Wells Fargo's "community banking" division. [read post]
21 Sep 2016, 7:58 pm by Adam Levitin
 It should have caused Wells Fargo to reexamine its loan officer compensation structures throughout the bank. [read post]
19 Sep 2016, 10:00 am by The Sader Law Firm
The Consumer Financial Protection Bureau fined Wells Fargo $100 million after it was discovered bank employees had opened two million bank accounts for customers without their permission. [read post]
19 Sep 2016, 4:36 am by Nancy Rapoport
Wells Fargo has proved that its culture is a hopeless safeguard to anything. [read post]
16 Sep 2016, 9:48 am by Scott R. Flick
  It will start with a visual analysis of the 2016 financial performance of the radio industry and its major players by Davis Hebert of Wells Fargo. [read post]
16 Sep 2016, 9:48 am by Scott R. Flick
  It will start with a visual analysis of the 2016 financial performance of the radio industry and its major players by Davis Hebert of Wells Fargo. [read post]
10 Sep 2016, 4:14 am by SHG
But now that the news is out, that Wells Fargo did this, which Berkshire Hathaway, its biggest shareholder, shrugs off as business as usual, “Wells Fargo behaves better than the average big bank. [read post]