Latest Wells Fargo Headlines
All the headlines from our Wells Fargo Topic Page, ordered by recency.
Wells Fargo Employees Claim They Were Fired for Reporting Sales Tactics
Sep 30 2016 // At least five Wells Fargo employees have sued the bank or filed complaints with regulators alleging that they were fired after reporting the opening of customer accounts without their permission, according to a Reuters...
California Wells Fargo Ex-Employees File $2.6B Class Action Against Bank
Sep 25 2016 // Two former Wells Fargo & Co. employees have filed a class action in California seeking $2.6 billion or more for workers who tried to meet aggressive sales quotas without engaging in fraud and were later demoted, forced...
Mandatory Arbitration Clause Could Thwart Wells Fargo Customers’ Lawsuits
Sep 22 2016 // Wells Fargo & Co. customers aiming to sue the bank over bogus accounts opened in their names may be in for an unpleasant surprise: the fine print requires them to take their claims to an arbitrator instead of a...
First Lawsuit Over Wells Fargo Sales Practices Filed
Sep 19 2016 // Wells Fargo & Co. was sued by customers in what may be the first of many lawsuits to come after disclosures that employees created unauthorized accounts to boost the bank’s fees. Three Utah customers sued the...
People – East
Sep 19 2016 // Henderson Brothers Inc., a Pittsburgh, Pa.-based insurance broker, has hired Daniel W. Grealish as a consultant in its commercial lines division and an LPL registered representative in its retirement division. In his new...
Wells Fargo Facing Disclosure Questions Over ‘Phantom’ Sales Scandal
Sep 16 2016 // A phantom account scandal at Wells Fargo & Co. has put the U.S. bank’s disclosure policies under a harsh spotlight. Despite press reports that a federal regulator and the Los Angeles prosecutor were investigating...
Wells Fargo Insurance Hires Marsh’s Hahn in New Jersey
Aug 23 2016 // Wells Fargo Insurance, a subsidiary of San Francisco, Calif., headquartered Wells Fargo & Company, has hired Mary-Beth Hahn as head of its national risk management practice. In her new role, Hahn will be based in...
Wells Fargo Beats Appeal Over Voided Money Store Verdict
Jul 18 2016 // A federal appeals court on Friday rejected a bid to revive a $54.8 million jury verdict against Wells Fargo & Co, saying the trial judge had authority to take the “drastic step” of decertifying the class...
Cyber Bank Thieves Stole $12M from Ecuador Bank in 2015, Using SWIFT System
May 24 2016 // Shortly after 7 p.m. on January 12, 2015, a message from a secure computer terminal at Banco del Austro (BDA) in Ecuador instructed San Francisco-based Wells Fargo to transfer money to bank accounts in Hong Kong. Wells...
Oregon Man Says Wells Fargo Axed Him after Whistleblowing
May 16 2016 // A Damascus, Ore. man has filed a lawsuit accusing Wells Fargo & Co. of firing him after he alerted them of issues in mortgage procedures. According to a lawsuit unsealed last week, Duke Tran said he complained that the...
West Virginia to Receive $8M From Wells Fargo in Marketing Practices Dispute
Apr 27 2016 // Wells Fargo will pay $8 million to West Virginia as part of a settlement of a decade-long dispute involving marketing practices. Attorney General Patrick Morrisey announced Monday that Wells Fargo will pay the money to the...
Supreme Court Quashes Wal-Mart, Wells Fargo Bids to Upend Class Action Judgments
Apr 4 2016 // The U.S. Supreme Court on Monday rejected Wal-Mart Stores Inc.’s bid to throw out a more than $150 million class action judgment over the retailers’ treatment of workers in Pennsylvania. The justices declined...
Zurich Completes Acquisition of RCIS Crop Insurance Business from Wells Fargo
Apr 1 2016 // Zurich American Insurance Co. said it has completed its acquisition of Rural Community Insurance Agency (RCIA) and its subsidiary Rural Community Insurance Co. (RCIC) from Wells Fargo Insurance for $700 million. The two...
Insurer Comings-and-Goings Show U.S. Crop Insurance a Field for Specialists
Jan 27 2016 // The U.S. crop insurance market has been abandoned by some of its largest companies as lower agricultural prices crimp revenue, and uncertainty about federal aid clouds the business’s future. Cargill Inc., the largest...
Wells Fargo Renews Hunt for Insurance Brokerages to Buy
Jan 11 2016 // Wells Fargo & Co. is restarting efforts to expand its insurance brokerage business through acquisitions after previously announced mergers and acquisitions (M&A) aspirations did not pan out. Laura Schupbach,...
Vikings ‘Photo Bomb’ Sign Suit Against Wells Fargo now in Federal Court
Dec 31 2015 // The Minnesota Vikings’ “photo-bombing” lawsuit against Wells Fargo has been moved to federal court. Last week the team sued Wells Fargo in Hennepin County District Court, saying the bank is using...
Minnesota Vikings Sue Wells Fargo over Rooftop Signs
Dec 28 2015 // The Minnesota Vikings say Wells Fargo is using illuminated rooftop signs on two buildings near the team’s new stadium in an effort to “photo bomb” the facility, which is named for a Wells Fargo...
Wells Fargo Renews Hunt for Insurance Brokerages to Buy
Dec 21 2015 // Wells Fargo & Co is restarting efforts to expand its insurance brokerage business through acquisitions after previously announced M&A aspirations did not pan out. Laura Schupbach, executive vice president and head...
Wells Fargo Insurance Reports Hiring Spree
Dec 18 2015 // Wells Fargo Insurance said it has hired more than 100 professionals in recent months as it seeks to grow and improve customer service. “Continuing to invest in talent is critical to the success of our business and...
Zurich Insurance to Buy Wells Fargo Crop Insurance Unit
Dec 18 2015 // Zurich Insurance Group AG agreed to buy a Wells Fargo & Co. crop insurance business for as much as $1.05 billion as the Swiss company puts to work excess cash left over from a separate takeover bid that it abandoned...
