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The Wells Fargo cross-selling scandal was caused by creation of millions of fraudulent savings and checking accounts on behalf of Wells Fargo clients without their consent or knowledge due to aggressive internal sales goals at Wells Fargo. News of the fraud became widely known in late 2016 after various regulatory bodies, including the Consumer ...
The settlement class consists of people or entities that purchased common stock in Wells Fargo between Feb. 2, 2018, and March 12, 2020, according to the lawsuit.
A Wells Fargo supervisor who had been fired by the banking giant won a disability discrimination lawsuit against it and was awarded $22.1 million by a federal court jury in Charlotte. The decision ...
Minneapolis went through a small building boom in the early 1920s, and then experienced a much larger boom lasting from 1960 to the early 1990s. During this time, 24 of the city's 36 tallest buildings were constructed, including the IDS Center, Capella Tower and Wells Fargo Center. The city is the site of twelve skyscrapers at least 492 feet ...
July 30, 2024 at 2:04 PM. By Daniel Wiessner. (Reuters) -Wells Fargo & Co was accused in a lawsuit filed on Tuesday of mismanaging its employee health insurance plan and forcing tens of thousands ...
Map of Wells Fargo branches in August 2015 Wells Fargo branch in Berkeley, California A former Wachovia branch converted to Wells Fargo in the fall of 2011 in Durham, North Carolina American Express Co. early receipts (1853, 1869) Stagecoach with Christmas gifts at a Wells Fargo Bank, San Francisco Wells Fargo & Co. Express building circa 1860, Stockton, California Mud wagon — Wells Fargo U ...
Wells Fargo. Total settlement: $3.7 billion. Deadline to file: Undisclosed. Requirements: Must have been a Wells Fargo client with an active banking account, mortgage or auto loan between 2011 and ...
Carrie L. Tolstedt is an ousted American banking executive and former head of the community banking division at Wells Fargo, [ 1] from which she retired in 2016 before the company's account fraud scandal came to light. In 2017, Wells Fargo retroactively fired Tolstedt for cause. In 2023, she would plead guilty to obstructing a bank examination.