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The city of Miami can sue Wells Fargo and Bank of America for damages caused by allegedly discriminatory and predatory lending practices, the Supreme Court says.
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Former CEO John Stumpf "was too slow" to realize the risk of sales practices, the bank's board says. The scandal also brought a $185 million punishment from the Consumer Financial Protection Bureau.
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The bank says it will appeal OSHA's order that it should compensate a manager who reported suspicions of fraud at Wells Fargo.
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The city of Seattle severed ties with Wells Fargo bank earlier this month and other cities, including Davis, California are following suit. The money from…
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Hundreds of anti-pipeline demonstrators chanted and waved signs outside of Seattle’s City Hall early Wednesday, before dozens crowded in to council…
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A coalition of activists will gather at the federal building in Seattle Thursday afternoon to demonstrate against the Dakota Access Pipeline. They’re…
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Seattle leaders are considering cutting ties, at least temporarily, with a bank financing the Dakota Access Pipeline.Wells Fargo manages $3 billion of the…
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The bank chief stepped down after facing withering criticism about employees meeting sales quotas by opening accounts for customers who never requested them.
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Questions for Stumpf include one about his sale of $13 million in stock, which Rep. Carolyn Maloney calls "by far the largest open-market sale of Wells Fargo stock" in the CEO's tenure.
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Wells Fargo staff secretly opened millions of unauthorized accounts to meet lofty sales targets. A class-action suit has been filed on behalf of employees who obeyed the law and failed to meet quotas.