Lewis: Wells Fargo so big its suing itself

Wells Fargo creates about a third of all mortgages in the country, so I caught up with CEO John. although I’m not expecting big changes this year. There is talk about "taper" (the Fed pulling back.

[1] It currently holds the title as one of the reigning 'Big Four Banks' in the. When it was incorporated, Wells Fargo began modestly as an. [12] However, as its CEO, Tim Sloan[13], heads for retirement,[14] can. [29] Even as it faced this tremendous backlash, Wells Fargo still managed to find itself at the.

Whether it was Wells Fargo (WFC) employees creating fake accounts in the names of real customers, or pharma giant Mylan imposing big price increases on users of its life-saving EpiPen. The bank’s.

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Read the latest wells fargo news here, including information on class action. The bank paid a huge fine and the CEO took early retirement.. Wells Fargo faces dozens of lawsuits from angry customers over its fake. Lawsuit charges that new-customer quotas drive managers to create bogus accounts. By Truman Lewis.

Bitcoin exchange sues wells Fargo Over Massive Wire Transfer Suspension (bitcoin.com) 79. Posted by EditorDavid on Sunday April 09, 2017 @03:39PM from the off-the-wire dept. An anonymous reader quotes this report. wells fargo bank Sues Itself

Yet I could not resist asking Wells Fargo Bank NA why it. reader stanley e-mails that Wells Fargo is suing itself, and has hired two different law firms to do so. Details from Dow Jones columnist Al Lewis: You can’t expect a bank that is dumb enough to sue itself to know why it is suing itself. Yet I could not resist asking Wells Fargo Bank.

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For a general overview of the activities of the current company see the main entry under Wells Fargo. This article outlines the history of Wells Fargo & Company from its origins to. In 1987, Wells Fargo set aside large reserves to cover potential losses on its Latin American loans, most notably to Brazil and Mexico. This.

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Wells Fargo, for its part, is defending itself against the allegations. "While we’re very sympathetic to Mr. Gonzalez for his personal loss, his termination was unrelated to the allegations included in the lawsuit," said Bridget Braxton, a spokesperson for Wells Fargo, in a statement.