wells fargo - Unusual Whales

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wells fargo

A collection of 3 posts

Wells Fargo pays $1 billion in settlement to accusations of it defrauding shareholders regarding scandals on customer treatment

Per CNN Wells Fargo was previously the target of a class action lawsuit that alleged that the firm had defrauded its shareholders regarding how it was recovering from customer treatment scandals. The settlement was worth $1 billion because the firm reportedly lied about its progress. The preliminary settlement for the

Wells Fargo's former head Carrie Tolstedt to face up to 16-month prison time and $17 million fine over account scandal

Per Reuters The former executive of Wells Fargo has pled guilty to the charges against her over opening fake accounts in 2016. On top of her $17 million fine, she could face up to 16 months in prison. The 63-year-old Carrie Tolstedt faces a civil penalty of $17 million, per

Wells Fargo Plans to Offer 'Less Complex' Business for Minority Communities and More

Per Business Wire Wells Fargo recently announced that it plans to increase home loan availability to minority communities and other customers through its new strategic plans. The new move by the bank is trying to reduce the size of its portfolio. The bank is trying to reduce its Servicing portfolio