Wells Fargo bogus accounts balloon to 3.5 million

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Wells Fargo bogus accounts balloon to 3.5 million

Wells Fargo & Co (WFC.N) may have opened as many as 3.5 million unauthorized customer accounts, far more than previously estimated, according to lawyers seeking approval of a $142 million settlement over the practice.

The new estimate…

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High-stakes vote on Wells Fargo board also tests proxy adviser ISS

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High-stakes vote on Wells Fargo board also tests proxy adviser ISS

A high-stakes shareholder vote at Wells Fargo & Co (WFC.N) next week will determine whether the bank has done enough to retain investor confidence after its phony-account scandal, and whether a leading proxy adviser…

Buffett likely voted shares to back Wells Fargo board

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Buffett likely voted shares to back Wells Fargo board

Buffett likely voted shares to back Wells Fargo board:- Wells Fargo & Co's (WFC.N) largest investor, Warren Buffett, has likely already voted his shares to support the bank's recommendations at its contentious annual…

Wells Fargo names Allen Parker general counsel

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Wells Fargo names Allen Parker general counsel

Wells Fargo names Allen Parker general counsel:- Wells Fargo & Co (WFC.N) named Allen Parker general counsel on Monday, at a time when the third-largest U.S. lender looks to restore its battered reputation following a scandal over phony…

Fines, Withdrawals, Job Cuts. It Was an Ugly Day for Global Banks

http://www.biphoo.com/bipnews/business/fines-withdrawals-job-cuts-ugly-day-global-banks.html #Business http://www.biphoo.com/bipnews/wp-content/uploads/2016/09/Fines-Withdrawals-Job-Cuts.-It-Was-an-Ugly-Day-for-Global-Banks.jpg Fines, Withdrawals, Job Cuts. It Was an Ugly Day for Global Banks
Fines, Withdrawals, Job Cuts. It Was an Ugly Day for Global Banks : Even before the opening bell in New York, Thursday looked like a grim day for some of the giants of global banking.
But few expected the barrage of bad news that…

Lawmakers Won’t Let Wells Fargo Forget Its Scandal Anytime Soon

http://www.biphoo.com/bipnews/business/lawmakers-wont-let-wells-fargo-forget-its-scandal-anytime-soon.html #Business http://www.biphoo.com/bipnews/wp-content/uploads/2016/09/Lawmakers-Wont-Let-Wells-Fargo-Forget-Its-Scandal-Anytime-Soon.jpg Lawmakers Won’t Let Wells Fargo Forget Its Scandal Anytime Soon
Lawmakers Won’t Let Wells Fargo Forget Its Scandal Anytime Soon : Wells Fargo & Co. should prepare itself for a long stay in the Capitol Hill hot seat because it ran afoul of Elizabeth Warren’s favorite regulator.
Revelations tha…