San Francisco, Calif.-based Wells Fargo is completely restructuring how it pays tellers and other bank branch employees after a scandal over its aggressive sales practices. Employees will no longer get incentives for opening accounts or meeting sales goals. They will …
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 action after the award …
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 Fargo complied. Over …
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 bank …
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 Office of the Attorney …
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 competitor. The Vikings sued Wells Fargo …
Wells Fargo of San Francisco has partnered with Miami-based media giant Telemundo for a six-week media campaign targeting financial literacy within the Hispanic community. Launched Oct. 13, “Conversemos de Tus Finanzas” is focused on empowering Hispanics to enhance their financial …
Crop insurers successfully lobbied to keep several proposals out of the farm bill set to pass the U.S. Congress today — such as a requirement that would have forced farmer-lawmakers to disclose benefits they receive. Senate Clears Farm, Crop Insurance …
San Francisco, Calif.-based Wells Fargo Insurance is rebranding its special risks group to Safehold Special Risk Inc. The new entity combines the division’s five practices: Wells Fargo Special Risks, Digital Risk, Britt Paulk, Agency Resources and Harbor Risk. Products and …
The city of Los Angeles has filed a lawsuit against Citigroup and Wells Fargo, seeking damages for a loss in tax revenue due to discriminatory mortgage lending to the city’s minority communities, a court filing showed. In complaints filed in …
