Spreading the truth. Empowering the people.
by Simon Black I think one of the funniest movies of the 1980s was Brewster’s Millions. In the movie, Richard Pryor plays Monty Brewster, a minor league baseball player who finds out … Read more
by Simon Black Last week Wells Fargo paid the largest fine yet for one of it’s many scandals– $3 billion. This time, the fine was for opening bank accounts under customers’ … Read more
finance.yahoo.com/news/warren-buffett-q4-stock-moves-212218281.html Warren Buffett’s Berkshire Hathaway (BRK-A, BRK-B) snapped up a new position in grocery-store chain Kroger, the firm announced on Friday, while scaling back on key bank stocks. What’s more, … Read more
by Mac Slavo of SHTFplan Wells Fargo is warning that within the next couple of months, we could see the stocks drop by double digits. Chris Harvey, the head of equity strategy at … Read more
BY JOHN RUBINO Major US bank Wells Fargo has apparently been getting a lot of client inquiries about gold, and has responeded pretty much as you’d expect: Hold Some But Not Too … Read more
The problem has gone unaddressed by the bank despite complaints from customers and employees, including one in the bank’s debt-collection department who grew concerned after taking in an estimated $100,000 … Read more
Stocks rebounded today, but Wells Fargo Securities' Chris Harvey warns of a headfake. Here's why. pic.twitter.com/PmoSaHhy6Q — CNBC's Fast Money (@CNBCFastMoney) August 6, 2019
Josh Sigurdson talks with author and economic analyst John Sneisen about the inevitable collapse of the banking system as they continue to get more and more desperate to prop up … Read more
via NYT: Wells Fargo has spent years publicly apologizing for deceiving customers with fake bank accounts, unwarranted fees and unwanted products. Its top executives say that because they have eliminated … Read more
The equities rally we’ve seen in 2019 so far won’t last forever, said Erik Norland, senior economist at the CME Group. “I think that the stock market rally that we’ve … Read more
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