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Wells Fargo: Errors contributed to hundreds of foreclosures

The bank said in a filing on Friday that the error had resulted in 625 customers refusing or not offering the credit modifications they otherwise would have qualified for. Foreclosures were completed in about 400 cases. CHARLOTTE, NC (AP) – Wells Fargo says a corporate failure has contributed to hundreds of foreclosures because it incorrectly charged clients' entitlement to mortgage …

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A black woman says Wells Fargo did not want to cash her check. She sues discrimination.

What Barbara Carroll says should be a quick trip turned into an almost three-hour ordeal after a Wells Fargo branch in Fort Lauderdale accused the 78-year-old black woman of counterfeiting. Carroll, a doctor of criminal justice and 17 years assistant bank manager, filed a lawsuit last week against the country's third-largest commercial bank, claiming racial discrimination. A Wells Fargo spokeswoman, …

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Wells Fargo's latest challenge: pet insurance reimbursements, legal services

Wells Fargo WFC -0.16% & Co. is in the process of reimbursing millions of dollars for products ranging from pet insurance to legal services added to hundreds of thousands of customer accounts without their full understanding, according to people [19659003WellsFargoknownasadd-onproductsdemandedmonthlyfeesfromcustomersfordozensofproductstheydidnotunderstandorusepeoplesaid The financial protection of consumers The office probed the case, people said. The agency focuses on whether customers have been …

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JP Morgan, Wells Fargo Post Q2 Results

JPMorgan Chase & Co. and Wells Fargo & Company released their second-quarter results Friday with broadly positive results at JPMorgan Chase and less positive news from Wells Fargo. JPMorgan Chase reported $ 8.3 billion in net income, up $ 7.0 billion a year ago, but $ 8.7 billion in the first quarter of this year. The Bank's net revenue for …

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Nike, Wells Fargo, Vertex perform Premarket Rally

Stock futures recovered from European and Chinese markets Friday to end trading positively for both June and the second quarter. X Nike (NKE) was a major market influence as a turnaround in its North American sales skyrocketed the Dow Jones component. Wells Fargo (WFC) rallied bank shares after the Federal Reserve published its second round of stress tests and a …

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Wells Fargo Sentenced by SEC on "Flipping" of Structured Products

Wells Fargo & Co. will pay $ 5.1 million to defuse a US regulator's claims that employees misuse customers to sell certain investments before maturity. Brokers with Wells Fargo Advisors From January 2009 to June 2013, retail customers encouraged the sale of market-related assets that should be held to maturity to replace them with new products, said the Securities and …

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Wells Fargo again charged with misconduct

Wells Fargo is once again being charged with misconduct, this time for allegedly using complex financial investments to take advantage of mom-and-pop investors. The Securities and Exchange Commission said Monday that between 2009 and 2013, Wells Fargo ( WFC ) earned high fees by illegally encouraging "brokerage clients Actively flogged products should be held to maturity. Wells Fargo Advisors, the …

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