Tag "unwanted accounts"
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Scandal-plagued Wells Fargo could face new $1 billion fine
Wells Fargo, the iconic San Francisco-based financial services giant, already faces unprecedented government punishment for major scandals revealed in recent years. In February, in the final action by departing Fed Chair Janet Yellen, the Federal Reserve announced that the company
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Wells Fargo board shake-up shows failure of damage-control push
Events of the past week show Wells Fargo’s attempts to put a huge scandal behind it by paying a $185 million penalty and settling a class-action lawsuit for $142 million have failed because of fresh evidence of corporate malfeasance – grim news
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Wells Fargo faces massive new scandal
Wells Fargo’s hopes that a $142 million June settlement of a class-action lawsuit over its agents creating up to 2.1 million unwanted checking, savings and credit-card accounts from 2011 to 2015 would end the iconic California company’s headaches have been
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