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Wells Fargo to pay $3 billion to U.S., admits pressuring workers in fake-accounts scandal

1 month ago   |   By

Wells Fargo & Co will pay $3 billion to resolve criminal and civil probes into fraudulent sales practices and admitted to pressuring employees in a fake-accounts scandal, U.S. officials said on Friday, wrapping up one of the last major investigations looming over the bank.
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Wells Fargo Paying $3 Billion To Settle U.S. Case Over Fraudulent Customer Accounts

Wells Fargo Paying $3 Billion To Settle U.S. Case Over Fraudulent Customer Accounts

1 month ago   |   By

The bank agreed to settle charges brought by the Justice Department and the Securities and Exchange Commission over accounts, debit cards and other products that customers did not request. (Image credit: Christopher Dilts/Bloomberg via Getty Images)
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Wells Fargo to pay $3B to resolve probes into fake accounts

Wells Fargo to pay $3B to resolve probes into fake accounts

1 month ago   |   By

Wells Fargo agreed Friday to pay $3 billion to settle criminal and civil investigations into a long-running practice whereby company employees opened millions of unauthorized bank accounts in order to meet unrealistic sales goals.
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Factbox: Remaining hurdles for scandal-hit Wells Fargo

1 month ago   |   By

Wells Fargo & Co has racked up well over $7 billion in penalties since a sales practices scandal erupted in 2016, and continues to face headwinds.
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Wells Fargo to pay $3 billion to settle civil lawsuit over fake account scandal

1 month ago   |   By

Since the fraud became public in 2016, the bank has faced a torrent of lawsuits.
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Wells Fargo reaches $3 billion settlements related to fraudulent sales practices

1 month ago   |   By

Wells Fargo & Company today announced that it has entered into agreements with the United States Department of Justice and the United States Securities and Exchange Commission to resolve these agencies' investigations into the Company's historical Community Bank sales practices and related disclosures. As part of this resolution, Wells Fargo has agreed to make payments totaling $3 billion.
Charlie Scharf, chief executive officer, said: “The conduct at the core of today's settlements - and the past culture that gave rise to it - are reprehensible and wholly inconsistent with the values on...
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Wells Fargo to pay $3 billion to U.S. authorities to resolve probe into fake accounts

1 month ago   |   By

Wells Fargo & Co and one of its units will pay $3 billion to resolve criminal and civil probes into years of fraudulent sales practices, U.S. authorities said on Friday, wrapping up one of the last one major investigations looming over the bank.
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Will U.S. Education Remedy A Half-Century Of Neglecting Civics Education?

1 month ago   |   By

A survey by the American Council of Trustees and Alumni found that less than 40 percent of respondents-and only a little more than half of college graduates-could correctly answer a multiple-choice question about the length of terms for members of Congress.
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US government fines Wells Fargo $3 billion for its 'staggering' fake-accounts scandal

US government fines Wells Fargo $3 billion for its 'staggering' fake-accounts scandal

1 month ago   |   By

Wells Fargo was hit with a $3 billion fine Friday by federal authorities outraged by the millions of fake accounts created at the troubled bank over many years.
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Wells Fargo to pay $3 billion in settling investigations into its fraudulent sales practices

1 month ago   |   By

The settlement represents the latest government penalties for Wells Fargo and its former management for malfeasance.
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Wells Fargo to pay $3B to resolve probes into fake accounts

1 month ago   |   By

Wells Fargo agreed Friday to pay $3 billion to settle criminal and civil investigations into a long-running practice whereby company employees opened millions of unauthorized bank accounts in order to meet unrealistic sales goals.
Read more ...

 

The Price of Wells Fargo's Fake Account Scandal: $3 Billion

1 month ago   |   By

The bank reached a settlement with federal prosecutors and the Securities and Exchange Commission after abusing customers.
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U.S. says Wells Fargo to pay $3 billion to resolve criminal, civil probes into sales practices

1 month ago   |   By

U.s. Says wells fargo to pay $3 billion
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Wells Fargo Paying $3 Billion To Settle U.S. Case Over Illegal Sales Practices

Wells Fargo Paying $3 Billion To Settle U.S. Case Over Illegal Sales Practices

1 month ago   |   By

The bank agreed to settle charges brought by the Justice Department and the Securities and Exchange Commission over accounts, debit cards and other products that customers did not request. (Image credit: Christopher Dilts/Bloomberg via Getty Images)
Read more ...

 

USAFE, Bosnia and Herzegovina build partnerships through force development

USAFE, Bosnia and Herzegovina build partnerships through force development

1 month ago   |   By

The force development program provides an opportunity for the U.S. Air Force to enhance relations, share ideas and build partnership capability in the region.
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Iranians vote in parliamentary election, hardliners set to cement grip

1 month ago   |   By

DUBAI - Hardliners loyal to Iran's supreme leader are likely to sweep a parliamentary election on Friday that will cement their grip on power as the country faces mounting U.S. pressure over its nuclear program and growing discontent at home.
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Big trade differences remain ahead of Trump's India trip-U.S. official

1 month ago   |   By

WASHINGTON - U.S. President Donald Trump's visit to India is not expected to result in an annoucement of a deal to restore India's U.S. trade preferences because the concerns that led to their suspension have not been resolved, a senior Trump administration official said on Friday.
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U.S. authorities to announce deal over Wells Fargo's sales practices scandal: sources

1 month ago   |   By

U.S. authorities will soon announce a settlement related to Wells Fargo's multi-year sales practices scandal, according to two sources familiar with the matter, wrapping up one of the last one major probes looming over the bank.
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Encryption on Facebook, Google, others threatened by planned new bill

1 month ago   |   By

U.S. legislation will be introduced in the coming weeks that could hurt technology companies' ability to offer end-to-end encryption, two sources with knowledge of the matter said, and it aims to curb the distribution of child sexual abuse material on such platforms.
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U.S. authorities will soon announce deal relating to Wells Fargo's sales practices scandal: sources

1 month ago   |   By

U.S. authorities will soon announce a deal relating to Wells Fargo's multi-year sales practices scandal, according to two sources familiar with the agreement.
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