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Tag Archives: Wells

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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Why Wells Fargo Leaves the Midwest Behind – The Motley Fool

Wells Fargo (NYSE: WFC) Customers living in Indiana, Michigan and Ohio will soon see a new logo on their monthly statements. The bank decided to eliminate and operate retail banking business in these three states to remove less-performing outlets from its network. In a win-win deal, flagstar Bancorp (19659004) NYSE: FBC) will take Wells Fargos underperforming twigs from his hands …

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Wells Fargo sells Indiana stores | Local

Less than a decade after leaving the Fort Wayne Market, a mid-sized Michigan bank is coming back with a bang. And his return will significantly reduce the local presence of one of the nation's largest lenders. Flagstar Bancorp buys 52 Wells Fargo locations – 33 in Indiana, 14 in Michigan's Upper Peninsula, four in Wisconsin and one in Ohio, bank …

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Lava covers 2 wells in the Puna geothermal plant before it dies – Hawaii News Now

PUNA, BIG ISLAND (HawaiiNewsNow) – Lava on the site of the Puna Geothermal Venture facility has come to a standstill after covering two wells over the weekend. Civil Defense officials said that no hydrogen sulfide release was detected in the facility. The news comes from persistent "violent outbreaks" in the lower Puna, although plant spokesman Mike Kaleikini said the lava's …

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Wells Fargo still chasing the clean slate His ads predict

Just a few weeks ago, none other than Warren Buffett seemed to be certain that Wells Fargo & Co. was leaving its scandals behind "I like Tim Sloan as a manager," Buffett said of the leader of the bank's shareholder meeting 5th of May. "He corrects mistakes made by others." Not so fast: Wells Fargo has a new problem, even …

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Wells Fargo accused of more data manipulation

Share Tweet Share Share Share Print Email It's happened again Wells Fargo was on Thursday (May 17) with allegations His coworkers changed customer data, this time in a commercial bank, according to The Wall Street Journal . Citing unnamed sources, the newspaper reported that bank employees incorrectly changed "information about corporate clients" documents. There is no evidence that data creates …

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