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Wells Fargo Company News

Wed, 05 Oct 2016 03:33:17 GMT

Poliquin plans to give away Wells Fargo campaign donation  -  Press Herald
U.S. Rep. Bruce Poliquin reportedly is giving away $2,000 he received from Wells Fargo as a campaign donation after the 2nd District Republican condemned the bank last week for scamming customers, a move that Democrats are criticizing as a political ...
Wed, 05 Oct 2016 02:58:36 GMT

Wells Fargo account scandal extends to small business: US senator  -  Business Standard
An ex-Wells Fargo business banker, who declined to be identified, said employees at his former branch were required to sell products to small business customers such as hair-salon owners and carpet cleaners in packages of three - regardless of whether ...
Wed, 05 Oct 2016 01:30:02 GMT

Wells Fargo fined $180 million over unauthorized accounts  -  12NewsNow.Com
Carrie Tolstedt, the head of Wells Fargo's community banking group, retired in July with a compensation package reported to be as high as $125 million. The March proxy statement praised Tolstedt for record deposit levels and success in increasing the ...
Tue, 04 Oct 2016 23:53:01 GMT

The Wells Fargo Fraud Fallout Continues to Get Uglier  -  Motley Fool
Wells Fargo's (NYSE:WFC) CEO John G. Stumpf got grilled on Capitol Hill for the widespread fraud it perpetrated against its customers, and the heat was coming from both sides of the aisle. In this segment of the Sept. 20 MarketFoolery podcast, Chris ...
Tue, 04 Oct 2016 23:49:18 GMT

Fitch warns Wells Fargo it risks losing AA rating  -  Financial Times
It added: “While Wells Fargo emerged from the financial crisis in a much better position than similarly sized peers, Fitch believes this issue creates reputational risk given the issue and allegations are understandable to the general public, in a way ...
Tue, 04 Oct 2016 23:01:00 GMT

Wells Fargo confirms it opened bogus small…  -  The Mercury News
Wells Fargo on Tuesday confirmed that it opened unauthorized accounts for thousands of small businesses, spurring allegations of widespread fraud from a U.S. senator as he demanded details about the business accounts. About 10,000 small business ...
Tue, 04 Oct 2016 22:18:45 GMT

Minnesota attorney general: Wells Fargo should let clients sue  -  Minnesota Public Radio News
In a statement issued in response to Swanson's request, Wells Fargo said it is working to make things right for any customers who have received a product that they did not want or authorize. He said the bank is providing free mediation through an ...
Tue, 04 Oct 2016 22:03:33 GMT

What Wells Fargo customers need to do  -  SFGate
You can also do this online if you've set up online banking for your Wells Fargo accounts. If there is any issue, let the bank know quickly. Make sure to go through your account history carefully for at least the last five years. Look for any unusual ...
Tue, 04 Oct 2016 22:02:03 GMT
Fitch cuts outlook to 'negative' for Wells Fargo debt rating  -  Reuters
Oct 4 Fitch Ratings cut the outlook to "negative" for Wells Fargo & Co's credit ratings on Tuesday, citing troubles the bank is facing from opening unauthorized customer accounts. Although the credit-rating firm cut Wells' outlook from "stable," it ...
Tue, 04 Oct 2016 21:49:29 GMT

Exclusive: Wells Fargo account scandal extends to small business - U.S. senator  -  TODAYonline
NEW YORK - The scandal over improper sales practices at Wells Fargo & Co extended to thousands of small-business owners, according to a U.S. lawmaker, raising questions about the scope the bank's issues with unauthorized accounts. In a Sept. 29 letter ...