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Wells Fargo closed company"s accounts, but fees mounted

Xavier Einaudi did not want to wait for Wells Fargo to send him a check. The bank informed Mr. Einaudi that it was closing all 13 of the checking accounts it provided his roofing company, CRV Constru.....»»

Category: topSource: moneycentralAug 16th, 2019

Wells Fargo closed their accounts, but the fees continued to mount

Xavier Einaudi did not want to wait for Wells Fargo to send him a check. The bank informed Mr. Einaudi that it was closing all 13 of the checking accounts it provided his roofing company, CRV Constru.....»»

Category: topSource: moneycentralAug 16th, 2019

Wells Fargo closed their accounts, but the fees continued to mount

Xavier Einaudi did not want to wait for Wells Fargo to send him a check. The bank informed Mr. Einaudi that it was closing all 13 of the checking accounts it provided his roofing company, CRV Constru.....»»

Category: topSource: moneycentralAug 16th, 2019

Phony bank accounts not a "systemic" issue: U.S. regulator

WASHINGTON (Reuters) - A U.S. bank regulator said on Thursday that an industry-wide review prompted by Wells Fargo & Co's sales practices scandal had uncovered some instances of phony accounts at other lenders but little evidence of a "systemic" problem......»»

Category: topSource: reutersJun 7th, 2018

Phony bank accounts not a "systemic" issue: U.S. regulator

A U.S. bank regulator said on Thursday that an industry-wide review prompted by Wells Fargo & Co's sales practices scandal had uncovered some instances of phony accounts at other lenders but little evidence of a "systemic" problem......»»

Category: topSource: moneycentralJun 7th, 2018

Wells Fargo not the only bank to have created unauthorized accounts — but regulator won"t identify others

A federal bank regulator that has fined Wells F.....»»

Category: topSource: latimesJun 8th, 2018

Wells Fargo employees say little has changed since fake accounts scandal

Bank workers say they are still under pressure to get bonuses and push through deal closings with ‘no real respect’.....»»

Category: topSource: moneycentralJan 5th, 2019

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

Wells Fargo CEO talks candidly about the bank’s woes and challenges

It’s the kind of talk one expects a CEO to share with his direct reports behind closed doors — not publicly on an earnings call......»»

Category: topSource: bizjournalsApr 16th, 2021

Wells Fargo closes branch in its own Downtown East building

The branch temporarily closed about a year ago due to the Covid-19 pandemic, but the closure is now final, according to the bank. With so few people working downtown, the branch no longer made sense......»»

Category: topSource: bizjournalsMar 3rd, 2021

Fed temporarily lifts Wells Fargo"s asset cap so bank can lend to small businesses

This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news......»»

Category: topSource: marketwatchApr 8th, 2020

Fifth Third Bank is facing similar allegations to Wells Fargo"s accounts scandal

This story was delivered to Business Insider Intelligence Banking subscribers earlier this morning. To get this story plus others to your inbox each .....»»

Category: topSource: businessinsiderMar 12th, 2020

Wells Fargo closes Seattle branch after employee tests positive for COVID-19

Wells Fargo temporarily closed a Seattle bank branch Tuesday after an employee there tested positive for the novel coronavirus known as COVID-19. The branch at 4009 E. Madison St. has been cleaned multiple times following public health guidelines an.....»»

Category: topSource: bizjournalsMar 11th, 2020

Wells Fargo has announced two new bank accounts that limit or remove overdraft fees

This story was delivered to Business Insider Intelligence Banking subscribers earlier this mor.....»»

Category: topSource: businessinsiderMar 5th, 2020

Wells Fargo to pay $3 billion to settle suit over fake accounts

Since the fraud became public in 2016, the bank has faced a torrent of lawsuits......»»

Category: topSource: moneycentralFeb 21st, 2020

Wells Fargo to pay $3 billion to settle suit over fake accounts

Since the fraud became public in 2016, the bank has faced a torrent of lawsuits......»»

Category: topSource: moneycentralFeb 21st, 2020

Wells Fargo agrees to $3B settlement in fake accounts case

The DOJ slapped the bank over its fake account scandal......»»

Category: topSource: foxnewsFeb 21st, 2020

Wells Fargo nears SEC, DOJ settlement over fake-accounts scandal

The settlement is the latest of several fines and penalties against the San Francisco-based bank since it admitted in 2016 that it had opened millions of accounts customers didn’t request......»»

Category: topSource: washpostFeb 21st, 2020

Wells Fargo CEO Scharf unveils massive business restructure

Wells Fargo & Co. CEO Charles Scharf is making moves as he tries to rid the San Francisco-based bank of ongoing problems since its fake-accounts scandal emerged in 2016. Scharf is splitting the bank's organizational structure into five parts: Cons.....»»

Category: topSource: bizjournalsFeb 12th, 2020