Wells is trying to buy its way out if this one with offers of $25,000 to people who lost homes worth hundreds of thousands of dollars. This is the tip of the iceberg of liability for WFB, Citi, BofA, Chase and others who have very soft and porous balance sheets where liabilities are reported. Sure …
Another Glitch from Wells Fargo Admitted by WFB (oops 570 homes foreclosed.) Read More »
Current, former employees describe high-pressure work environment. If you think working for Wells Fargo is stressfu- you ought to have them illegally foreclose on your home! http://www.wmdt.com/life/money/wells-fargo-workers-describe-mental-health-nightmares/42240548?item=0 By Matt Egan NEW YORK (CNNMoney) – For Janis Barinsky, a former Wells Fargo banker, it started with stress-induced migraines and severe anxiety. She says trying to balance …
Wells Fargo workers describe mental health nightmares Read More »
http://www.zerohedge.com/news/2016-10-24/14-polled-wells-fargo-customers-have-decided-leave-bank Wells Fargo’s illegal cross-selling and fraudulent account creation practices appear to have caught up with the bank, just days after CEO John Stumpf announced his surprise resignation. As Bloomberg reports, management consultancy cg42 released a poll showing 14% of Wells Fargo customers have decided to leave the bank, “potentially withdrawing billions of dollars and …
14% Of Polled Wells Fargo Customers Have Decided To Leave The Bank- Will You? Read More »
The real question is when government agencies and regulators PLUS law enforcement get the real message: Wells Fargo’s behavior in the account scandal is the tip of the iceberg and important corroboration of what most of the country has been saying for years — their business model is based upon fraud. Wells Fargo has devolved …
John Stumpf, the chairman and chief executive of Wells Fargo, won a dubious achievement award from one of his interrogators during Tuesday’s scorching hearings on Capitol Hill. The bank’s yearslong practice of opening bogus accounts for customers and charging fees to do so, said Senator Jon Tester, Democrat of Montana, had united the Senate Banking …
Gretchen Morgenson: In Wells Fargo’s Bogus Accounts, Echoes of Foreclosure Abuses Read More »
http://news.morningstar.com/all/market-watch/TDJNMW20160913341/wells-fargo-ceo-says-bad-employees-were-behind-scandal-over-unsolicited-accounts.aspx By Emily Glazer CEO John Stumpf says: ‘ There was no incentive to do bad things’ John Stumpf, chief executive of Wells Fargo & Co., began to speak publicly Tuesday for the first time since the bank was slapped with a $185 million fine last week over its sales practices, defending the firm and …
Wells Fargo CEO says bad employees were behind scandal over unsolicited accounts Read More »
By the Lending Lies Team It is now obvious that the major banks have gone rogue. The latest Wall Street scandal shows that 5,800 Wells Fargo employees engaged in identity theft by knowingly setting up ghost accounts not only to bolster their sales commissions but to improve Wells Fargo’s bottom line. Where is the outrage? …
It's Magic! Wells Fargo creates New Accounts, Customers and Mortgage Instruments! Read More »
