wells fargo

SMBs Snared In Wells Sham Account Fiasco
SMBs Snared In Wells Sham Account Fiasco
October 06, 2016  |  B2B Payments

Thousands of small business accounts were impacted by improper sales activity at Wells Fargo — indicating that the scandal may go a bit deeper than...

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Wells Fargo Facing Calls From Senators For Department Of Justice Inquiry
Wells Fargo Facing Calls From Senators For Department Of Justice Inquiry
October 06, 2016  |  Banking

A group of senators has sent a letter to the Justice Department, urging it to investigate and, if necessary, prosecute the individuals behind the fake account...

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Fitch Paints Negative Picture For Wells Fargo
Fitch Paints Negative Picture For Wells Fargo
October 05, 2016  |  Banking

Fitch, the credit rating agency, on Tuesday (Oct. 4) affirmed Wells Fargo’s ratings at “AA-/F1+” and Wells Fargo Bank, N.A.’s ratings at “AA/F1+” but revised...

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Wells Fargo Shut Out Of Illinois Bond Business; Chicago May Follow Suit
Wells Fargo Shut Out Of Illinois Bond Business; Chicago May Follow Suit
October 05, 2016  |  Banking

The Wells Fargo fake account scandal has resulted in more fallout for the beleaguered bank — this time, with Illinois announcing a ban on bond...

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Wells Fargo To Pay For $163M Dumping Claim
Wells Fargo To Pay For $163M Dumping Claim
October 04, 2016  |  Banking

The legal hits — via fines — keep on coming for Wells Fargo. As reported by Courthouse News Service, the financial giant has been ordered to...

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Wells Fargo Won’t Catch A Break With Clinton
Wells Fargo Won’t Catch A Break With Clinton
October 03, 2016  |  Security & Fraud

Democratic U.S. presidential candidate Hillary Clinton promised that Wells Fargo will be held accountable for its recent scandal and what she described as the bank’s...

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Lawmakers Pull No Punches For Wells’ Stumpf
Lawmakers Pull No Punches For Wells’ Stumpf
September 30, 2016  |  Banking

Wells Fargo CEO John Stumpf went to Washington on Thursday (Sept. 29) for the second time this month. And it was not exactly a lark...

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Buffett Says No Truth To Reports He Wants Big Changes At Wells
Buffett Says No Truth To Reports He Wants Big Changes At Wells
September 30, 2016  |  Banking

Warren Buffett, whose Berkshire Hathaway remains among the largest shareholders of beleagured Wells Fargo, said on Thursday (Sept. 29) that he has not, contrary to...

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Sanctions For Wells On Repossessing Vehicles From Military Personnel
Sanctions For Wells On Repossessing Vehicles From Military Personnel
September 30, 2016  |  Banking

Adding fuel to the Wells Fargo fire, the company has now been sanctioned by none other than the Justice Department for improperly repossessing cars that...

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