wellsfargo

  • Wells Fargo being blamed for fake insurance policies

    Wells Fargo is being accused of more shady business. Authorities say Wells Fargo customers in California were charged for insurance policies that they didn’t want. A year-long investigation by the California Department of Insurance blamed the sale of nearly 1,500 of these unauthorized renters and term life insurance policies...
  • Wells Fargo could be in trouble again

    Wells Fargo cheated many of its business clients by charging them higher than agreed upon fees, according to a report on Monday. The bank, already reeling from a series of fines and penalties caused by overly aggressive management goals, discovered that it had charged 265 of 300 examined foreign-exchange...
  • Wells Fargo earnings: Profit falls on legal costs from bank accounts scandal

    Wells Fargo on Friday reported earnings that badly lagged Wall Street forecasts as the banking giant continued to address a scandal over millions of unauthorized accounts and investigations of its mortgage practices. The San Francisco-based banking giant said its quarterly profit fell 18.6%. Wells Fargo shares fell 2.4% to...
  • Have the number changed ??? How many customers were affected by the scandal ???

    Wells Fargo is now saying 3.5 million customers were affected by its fake accounts scandal, a dramatic increase from the 2.1 million accounts it originally estimated. After the bank acknowledged in September 2016 that its employees opened 2.1 million accounts without getting customers’ permission, news reports showed that problems at Wells...
  • Wells Fargo uncovers up to 1.4 million more fake accounts!

    Wells Fargo CEO: We must get back America’s trust Wells Fargo has uncovered up to 1.4 million more fake accounts after digging deeper into the bank’s broken sales culture. The findings show that Wells Fargo’s problems are worse than the bank previously admitted to when the scandal began almost a...
  • Wells Fargo board shakeup marks latest response to unauthorized accounts scandal!!!

    Wells Fargo (WFC) is shaking up its board of directors in the embattled bank’s latest effort to regain customer trust following its scandal over millions of unauthorized accounts. Former Federal Reserve governor Elizabeth “Betsy” Duke, the board’s current vice chairperson, on Jan. 1 will become the first woman to...
  • Wells Fargo will refund $80 million to customers

    Wells Fargo will give refunds to more than 570,000 auto loan customers who were also charged for auto insurance without their knowledge. The bank said in August it will begin sending letters and refund checks to customers, most of whom already had insurance of their own, and some who...
  • Are African Americans Struggling to Buy Homes More than Whites in Today’s Market?

    SAN FRANCISCO (AP) — Yul Dorn and his wife raised their son and daughter in a three-bedroom home crammed with family photos, one they bought in a historically African-American neighborhood in San Francisco more than two decades ago. Today, the couple is living in a motel after they were...
  • Dangerous Bank Hostage Happening Right Now! Robber Says He Has a Bomb!

    COBB COUNTY, Ga. – Authorities are on the scene of a hostage situation at a bank in Cobb County. A man inside Wells Fargo at 2675 Windy Hill Road in Marietta said he has a bomb. The man called the Channel 2 Action News newsroom just before 10:30 a.m....