Wells Fargo cross-selling scandal - Wikipedia
WEBThe Wells Fargo cross-selling scandal was caused by creation of millions of fraudulent savings and checking accounts on behalf of Wells Fargo clients without their consent or knowledge due to aggressive internal sales goals at Wells Fargo.
The Price of Wells Fargo’s Fake Account Scandal Grows by $3 …
WEBFeb 21, 2020 · Wells Fargo has agreed to pay $3 billion to settle criminal charges and a civil action stemming from its widespread mistreatment of customers in its community bank over a 14-year period,...
Wells Fargo Agrees to Pay $3 Billion to Resolve Criminal and Civil ...
WEBFeb 21, 2020 · Wells Fargo also agreed to the SEC instituting a cease-and-desist proceeding finding violations of Section 10 (b) of the Exchange Act and Rule 10b-5 thereunder. The $3 billion payment resolves all three matters, and includes a $500 million civil penalty to be distributed by the SEC to investors.
Former Wells Fargo executive avoids prison time for her role in …
WEBSep 15, 2023 · Former Wells Fargo executive Carrie Tolstedt was sentenced to three years’ probation on Friday for her role in the bank’s sprawling fake-accounts scandal.
Wells Fargo ordered to pay $3.7 billion for ‘illegal activity ...
WEBDec 20, 2022 · Federal regulators fined Wells Fargo a record $1.7 billion on Tuesday for “widespread mismanagement” over multiple years that harmed over 16 million consumer accounts.
Wells Fargo scandals: The complete list - Yahoo Finance
WEBMar 12, 2019 · Here's an overview of Wells Fargo's most notable scandals and missteps as CEO Tim Sloan testifies before the House Financial Services Committee.
Timeline of the Wells Fargo Accounts Scandal - ABC News
WEBNov 3, 2016 · California Attorney General Kamala Harris launched a criminal investigation into whether Wells Fargo employees committed false impersonation and identity theft as part of the accounts scandal.
Wells Fargo to pay $3 billion over fake account scandal - NBC News
WEBFeb 21, 2020 · Wells Fargo, the nation's fourth-largest bank, agreed Friday to pay a $3 billion fine to settle a civil lawsuit and resolve a criminal prosecution filed by the Justice Department over its fake...
Wells Fargo Forced To Pay $3 Billion For The Bank’s Fake ... - Forbes
WEBFeb 24, 2020 · Wells Fargo, the fourth largest bank in the United States, agreed on Friday to pay $3 billion to settle its long-running civil and criminal probes into the heinous accusations of rampant...
Millions of Wells Fargo Customers to Get Payout As Bank Faces …
WEBJan 20, 2023 · Wells Fargo agreed the bank would pay $3.7 billion to settle with a U.S. consumer finance watchdog, for years of mistakenly freezing accounts, wrongly repossessing cars and illegally charging...
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