Wells Fargo

Wells Fargo & Company is an American multinational banking and financial services holding company which is headquartered in San Francisco, California, with "hubquarters" throughout the country. It is the fourth largest bank in the U.S. by assets and the largest bank by market capitalization. Wells Fargo is the second largest bank in deposits, home mortgage servicing, and debit cards. In 2011, Wells Fargo was the 23rd largest company in the United States.In 2007 it was the only bank in the United States to be rated AAA by S&P, though its rating has since been lowered to AA- in light of the financial crisis of 2007–2012. The firm's primary U.S.
Posts about Wells Fargo
  • Guaranty Bank – FDIC Closure and Whistleblower Post

    … on for years. Whistleblower Awards for Bank Fraud or Misconduct In 1989, Congress passed the Financial Institutions Reform, Recovery and Enforcement Act – FIRREA for short. When originally passed, Congress hoped the law would be used to prosecute small town bankers who frequently used the bank as their own personal piggy bank. Bad loans were rampant…

    Due Diligence- 34 readers -
  • United Airlines Deep Dark Secret

    … Committee calls for an investigation. If that happens, Munoz will likely join former Wells Fargo CEO John Stumpf on the unemployment line.) There are plenty of videos of the incident and now other passengers with tales of being illegally removed from United aircraft are starting to surface. We won’t link them here because they are so easy to find. (You…

    Due Diligence- 11 readers -
  • Fairness in Class Actions Bill Anything But…

    … We try hard to keep politics out of this blog. Whether you are a Republican, Democrat, claim no affiliation or belong to another party, most of us agree that fraud, greed and corruption is bad. As a leading plaintiff’s law firm, we have successfully prosecuted False Claims Act whistleblower cases under both Republican and Democratic…

    Due Diligence- 8 readers -
  • Fairness in Class Actions Bill Anything But…

    … to support the measure. The Chamber and leadership was able to railroad the bill through the House but now people are waking up and realizing just how serious this legislation is to our legal system. The good news is that it is not too late. Contact your Senator and let them know how terrible this legislation is. Even if your two Senators are Democrats…

    Due Diligence- 11 readers -
  • Net 204 Brokers Left Wells Fargo in the Fourth Quarter

    …. Recruiters have cited that the fallout is from its parent’s retail banking scandal where Wells reached a $185 million settlement with regulators for creating retail banking and credit card accounts that customers had not authorized. Although the company’s wealth division had not been implicated in the scandal, the bank has long boasted about brokers…

    Eccleston Law Offices- 12 readers -
  • Tenet Exec INDICTED (Tenet Healthcare Whistleblower Post)

    … by simply paying a fine. We have long advocated that the best way to stop fraud is to convict the senior executives behind the fraud. Did Wells Fargo and the other big banks learn after their $8 billion settlement in 2013? Probably not, Wells paid an additional $1.2 billion in penalties last year and Bank of America was soaked for $16.67 billion in 2014…

    Due Diligence- 18 readers -
  • Wells Fargo Eliminates Bonuses For Selling Banking Products

    … Wells Fargo Eliminates Bonuses For Selling Banking Products Posted on Tuesday, January 17, 2017 at 9:05 AM From the Desk of Jim Eccleston at Eccleston Law LLC: Wells Fargo Advisors has eliminated bonus compensation for advisors' sale of banking and lending products. The reason for the elimination of this bonus compensation for advisors stems…

    Eccleston Law Offices- 20 readers -
  • “Banks Pump Up”? So Do Whistleblower Lawyers!

    … to have Trump in office. That includes big banks. After years of billion dollar fines and bad press, the “too big to fail” Wall Street crowd is finally making money. (Wells Fargo still is reeling from its phony account fiasco.) So are big banks out of the woods? Probably not. Banks aren’t celebrating because they suddenly cleaned up their act. Instead…

    Due Diligence- 15 readers -
  • Wells Fargo, PNC Hit with Huge Fines for Cybersecurity Lapses

    … Wells Fargo, PNC Hit with Huge Fines for Cybersecurity Lapses December 23, 2016 by Brian Mahany The Financial Industry Regulatory Authority (FINRA) fined several financial services firms a total of $14.4 million for failure to properly safeguard customer records. Fourteen securities dealers received fines including the brokerage arms of two…

    Due Diligence- 23 readers -
  • Wells Fargo Ordered to Pay a Former Broker $180,000

    … Wells Fargo Ordered to Pay a Former Broker $180,000 Posted on Friday, December 23, 2016 at 9:14 AM From the Desk of Jim Eccleston at Eccleston Law LLC: A panel of FINRA arbitrators has ordered Wells Fargo to pay a former rep named Shannon M. Powers damages stemming from a counterclaim in which she asserted breach of contract, disability…

    Eccleston Law Offices- 16 readers -
  • Does Universal Health Services Kidnap Patients?

    … are thinking of hurting yourself. The recruiter was paid by the facility for each new patient that was admitted. Is Universal Health Services the New Wells Fargo? When the story broke that claimed Wells Fargo opened 2 million new accounts without their customers’ permission, Congress and the public were outraged. Instead of admitting guilt…

    Due Diligence- 12 readers -
  • Think Glink

    … lots of inside information. He was first employed by Allied in 1998 and he was a very successful branch manager. He built branches in Massachusetts, Rhode Island, Missouri, West Virginia and Arizona – and was one of their largest producers in the company. HUD passed a regulation in 2000 that said lenders – banks or nonbank lenders like Allied…

    Due Diligence- 34 readers -
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