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Wells Fargo To Pay $35M For Recommending High Risk Investments To Vulnerable Clients

The United States Securities and Exchange Commission has ordered Wells Fargo & Company (NYSE: WFC) to pay $35 million in compensation to some of the bank's clients. read more.....»»

Category: blogSource: benzingaFeb 28th, 2020

SEC orders Wells Fargo pay $35 million for recommendations of high-risk products

The U.S. Securities and Exchange Commission said on Thursday it ordered Wells Fargo & Co to pay $35 million to settle charges it failed to adequately supervise investment advisers who were recommending high-risk products......»»

Category: topSource: reutersFeb 27th, 2020

U.S. SEC orders Wells Fargo pay $35 million for recommendations of high-risk products

The U.S. Securities and Exchange Commission said on Thursday it had ordered Wells Fargo & Co to pay $35 million to settle charges it failed to adequately supervise investment advisers who were recommending high-risk products......»»

Category: topSource: reutersFeb 27th, 2020

How to figure out whether Wells Fargo owes you money

Wells Fargo owes some of its customers money. Until July 7, Wells Fargo clients affected by Wells Fargo's fraudulent account scandal can join a class action settlement......»»

Category: topSource: moneycentralJun 20th, 2018

Wells Fargo Advisors to pay $5M over improper investment sales: SEC

The SEC said the firm “improperly” encouraged retail customers to trade certain securities in a way that generated large returns for the bank......»»

Category: topSource: foxnewsJun 25th, 2018

Wells Fargo says hundreds of customers lost homes because of computer glitch

Hundreds of people had their homes foreclosed on because software used by Wells Fargo incorrectly denied them mortgage modifications......»»

Category: topSource: cnnAug 4th, 2018

Wells Fargo says hundreds of customers lost homes after computer glitch

Wells Fargo said it has set aside $8 million to compensate customers that were wrongly denied mortgage modifications......»»

Category: topSource: cnnAug 5th, 2018

Wells Fargo says hundreds of customers lost homes due to computer glitch

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.....»»

Category: blogSource: theflyonthewallAug 6th, 2018

Wells Fargo admits to hundreds of mistaken foreclosures

The big bank had an error in a mortgage-modification software program that caused over 600 customers to be denied a modification, and many of those people later lost their homes......»»

Category: topSource: marketwatchAug 6th, 2018

Wells Fargo accidentally foreclosed on hundreds of homeowners

Nearly 400 Wells Fargo customers lost their homes when they were accidentally foreclosed on after a software glitch denied them the ability to modify their mortgages as they sought federal aid, the bank disclosed in a regulatory filing late Friday......»»

Category: topSource: bizjournalsAug 6th, 2018

Wells Fargo accidentally foreclosed on hundreds of homeowners

Approximately 400 Wells Fargo customers lost their homes after a software glitch denied them the ability to modify their mortgages, the San Francisco Business Times reports. .....»»

Category: realestateSource: cnbcAug 7th, 2018

Exclusive: U.S. regulators reject Wells Fargo"s plan to repay customers - sources

U.S. regulator.....»»

Category: topSource: reutersSep 11th, 2018

Regulators said to reject Wells Fargo"s plan to repay customers

U.S. regulators h.....»»

Category: topSource: moneycentralSep 11th, 2018

US regulators reportedly rejected Wells Fargo"s plan to repay customers forced into unnecessary auto insurance products (WFC)

Spencer Platt / Getty Images US regulators have rejected Wells Fargo's plan to repay customers who were pushed into unnecessary auto insurance products. After reviewing the plan — which could involve contacting some 600,000 drivers &.....»»

Category: topSource: businessinsiderSep 12th, 2018

Super Micro Computer stock crashes 23%, drags down AI darling Nvidia after it doesn"t preannounce earnings

SMCI did not offer Wall Street "a positive preannouncement, which is being considered a negative," Wells Fargo Securities said. .....»»

Category: worldSource: nyt7 hr. 36 min. ago

Wells Fargo CEO: Asset cap’s ‘reputational overhang’ hinders growth

Most banks talk about all they're doing for customers. Wells Fargo's CEO talks a.....»»

Category: topSource: bizjournalsApr 16th, 2024

"The Biggest Reduction In History": Wells Fargo"s Mayo Predicts 200,000 Banking Jobs Lost Over Next Decade

"The Biggest Reduction In History": Wells Fargo's Mayo Predicts 200,000 Banking Jobs Lo.....»»

Category: blogSource: zerohedgeMay 18th, 2021

Clorox slips as Wells Fargo says sell, calls "dead money at best"

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.....»»

Category: blogSource: theflyonthewallMay 3rd, 2021

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......»»

Category: topSource: bizjournalsApr 26th, 2021

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......»»

Category: topSource: bizjournalsApr 26th, 2021