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Wells Fargo clients began to notice the fraud after being charged unanticipated fees and receiving unexpected credit or debit cards or lines of credit. Initial reports blamed individual Wells Fargo branch workers and managers for the problem, as well as sales incentives associated with selling multiple "solutions" or financial products.
August 9, 2024 at 11:59 AM. A man walks by an ATM at a Wells Fargo & Co. bank. The Consumer Financial Protection Bureau is investigating major U.S. banks for their handling of customer funds on ...
Berks County Trust Company. Wyomissing Valley Bank, Temple State Bank, Mount Penn Trust Company, Reamstown Exchange Bank, Schuylkill Trust Company. Berks County Trust Company (1964 as American Bank and Trust Co or American Bankcorp) Wells Fargo. 1964. National Bank of Commerce. Texas National Bank.
This is a list of notable financial institutions worldwide that were severely affected by the Great Recession centered in 2007–2009. The list includes banks (including savings and loan associations, commercial banks and investment banks), building societies and insurance companies that were: taken over or merged with another financial ...
See here: Wells Fargo this week disclosed that it had fired more than a dozen employees for “simulation of keyboard activity,” Bloomberg reported, citing filings to the Financial Industry ...
Wells Fargo's stock is up 12% this year, outperforming all big bank rivals and within sight of an all-time high.One big reason: Investors believe the San Francisco lending giant is slowly starting ...
Carrie L. Tolstedt is an ousted American banking executive and former head of the community banking division at Wells Fargo, [ 1] from which she retired in 2016 before the company's account fraud scandal came to light. In 2017, Wells Fargo retroactively fired Tolstedt for cause. In 2023, she would plead guilty to obstructing a bank examination.
As mentioned in the introduction, Wells just increased its dividend by 14% and now yields 2.5%. And when it comes to buybacks, Wells Fargo spent $12 billion on buybacks -- roughly 6% of its entire ...