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Wells Fargo close to roughly $3 billion settlement that would end probes into sales practices
Brendan McDermid/Reuters Wells Fargo is nearing a deal with federal prosecutors that would settle a years-long investigation into the bank's sales practices in its banking, auto lending, and mortgage divisions, The New York Times reported. .....»»
CBJ Morning Buzz: Wells Fargo said to be nearing settlement with feds; New stores at Concord Mills; Feud erupts between NoDa artists, business
A settlement could be revealed soon involving Wells Fargo & Co. and federal authorities looking into abusive practices in the company's banking, auto-lending and mortgage businesses, according to a report from The New York Times. The newspaper n.....»»
Wells Fargo disappoints Wall Street as legal costs mount
Wells Fargo & Co missed third-quarter profit estimates on Tuesday as mortgage income sank and the fourth-largest U.S. bank by assets braced for additional legal expenses tied to a sales practices scandal that erupted more than three years ago......»»
Wells Fargo profit slumps 26% on legal costs
Wells Fargo & Co reported a 26% slump in quarterly profit on Tuesday, as mortgage income sank and it braced for additional legal expenses tied to a sales practices scandal that erupted more than three years ago......»»
Banker fired in wake of suspect $4B Burger King deal sues Wells Fargo
The suit says that in firing John Guenther, Wells Fargo "was motivated by an unlawful reason and purpose — to avoid the scrutiny of federal regulators.".....»»
Wells Fargo Fined $1 Billion for Abusive Insurance, Mortgage Practices
The government has handed down a $1 billion penalty t.....»»
Wells Fargo Error Kicks 400 People Out Of Their Houses
Wells Fargo & Company (NYSE: WFC) managed to hammer another group of customers. After earlier charges which ranged from mortgage and auto loan abuse to banker creating fake accounts to boost........»»
New Mexico sues Wells Fargo
State Attorney General Hector Balderas sued the biggest bank doing business in New Mexico Wednesday, alleging illegal business practices by Wells Fargo that harmed thousands of New Mexico citizens and violated the New Mexico Unfair Trade Practices Act......»»
Wells Fargo is experiencing an exodus of mortgage bankers. Insiders explain why.
Wells Fargo is dealing with significant departures among its to.....»»
Wells Fargo discloses CFPB investigation into consumer deposit account practices
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
Blackstone Mortgage price target raised to $36 from $30 at Wells Fargo
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
Wells Fargo overhauls top-tier checking accounts, to the dismay of some affluent customers
The bank will no longer consider mortgage and credit card balances to qualify for benefits and fee waivers in its checking accounts popular with affluent customers......»»
Wells Fargo overhauls top-tier checking accounts, to the dismay of some affluent customers
The bank will no longer consider mortgage and credit card balances to qualify for benefits and fee waivers in its checking accounts popular with the affluent......»»
Wells Fargo sees "robust" mortgage origination volume
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
Home data "modest positive" for mortgage originators, says Wells Fargo
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
Wells Fargo satisfied consent order requirements, American Banker reports
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
Wells Fargo faces government probes into its PPP loans
Federal and state officials are examining the bank's lending practices under the Paycheck Protection Program......»»
Wells Fargo temporarily stops issuing home equity lines of credit, citing ‘market conditions’
Wells Fargo said Thursday that it will no longer accept new applications for home equity lines, signaling that the economic outlook is too cloudy even for one of the nation’s largest mortgage lenders. “Wells Fargo Home Lending will temporarily st.....»»
Wells Fargo lessens mortgage products amid COVID-19 pandemic, Reuters says
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
No Banker Goes To Jail - Former Barclays Executives Acquitted Of Fraud Â
No Banker Goes To Jail - Former Barclays Executives Acquitted Of Fraud  Days after Wells Fargo agreed to pay $35 million to settle regulatory claims that its .....»»