Spreading the truth. Empowering the people.
via latimes: A federal bank regulator that has fined Wells Fargo more than $500 million over its creation of unauthorized accounts and other consumer abuses has found evidence of sales practice … Read more
Website and mobile app are down. Some people saying they can’t get money out of ATMs and cards not working. downdetector.com/status/wells-fargo h/t The Årtist
AP reports, Wells Fargo will pay $575 million in a settlement with attorneys general from all 50 states and the District of Columbia that are investigating fake accounts opened without … Read more
It was over two years ago that Wells Fargo’s fake accounts scandal burst into the headlines, and since then, there has been an unrelenting torrent of bad news. In late … Read more
by Simon Black I guess none of this should surprise me anymore. Our old friends at Wells Fargo are involved in yet another banking scandal. And this one is really bad… … Read more
via CBSNEWS: Wells Fargo says a computer glitch is partly to blame for an error affecting an estimated 545 customers who lost their homes. The giant bank filed papers with … Read more
From Birch Gold Group This week, Your News to Know brings you the latest stories involving precious metals and the overall economy. Stories include: Wells Fargo turns positive on gold, gold will be … Read more
via confoundedinterest: Wells Fargo is adopting an unusual defense against a shareholder lawsuit: claiming, essentially, that shareholders can’t hold the bank accountable for CEO Tim Sloan’s statements that it was “working … Read more
via Yahoo: (Reuters) – Wells Fargo & Co <WFC.N> said on Tuesday an internal underwriting error had caused it to reject home loan modifications, resulting in the bank foreclosing more … Read more
from Jason Hartman’s Creating Wealth Jason Hartman discusses some key aspects for real estate investors. One of the most important, and most visible, components of investing is interest rates, and there … Read more
by wjean Today I learned that Wells Fargo has a $5K limit on online credit card bill payments; this is INSANE as I have a $25K or so credit line. … Read more
Josh Sigurdson talks with author and economic analyst John Sneisen about Wells Fargo’s latest move to once again issue mortgage backed securities despite the vast trouble they landed themselves in … Read more
Great breakdown of the consequences of Judge K. being confirmed… How they planned to sell us out to China if Hitlary got elected… Worth the time to watch. h/t Question … Read more
Wells Fargo plans to lower its employee headcount by 5 percent to 10 percent in the next three years. The bank has 265,000 employees, meaning the reduction would result in … Read more
via zerohedge: Another day, another scandal involving Warren Buffett’s favorite bank. According to the WSJ, the DOJ is now probing whether employees committed fraud in Wells Fargo’s wholesale banking unit as a … Read more
via nypost: Wells Fargo just can’t help itself. The nation’s third-biggest bank is planning to ramp up trading in controversial securities tied to the mortgage market — just weeks after it paid … Read more