An elderly Florida woman has filed a lawsuit accusing Wells Fargo of discrimination after bank employees called the police on her for simply trying to cash a check.
After receiving photographic evidence that one of its employees was affiliated with some of the most notorious hate groups and marched in Charlottesville, Va.âs Unite the Right rally in August, Wells Fargo announced that the man in question was no longer employed by the company, but that the company had had no idea heâŚ
Nearly a year after news broke that Wells Fargo employeesâunder the pressure of meeting the bankâs cross-selling sales quotasâcreated 2.1 million fake accounts under the names of current customers, the bank has uncovered 1.4 million more fake accounts. The bankâs problems are now worse than previously thought.
Like many others who bank at Wells Fargo, a Baltimore schoolteacher wanted to design her bank card with something she felt was important. But when that âthingâ turned out to be Black Lives Matter, the bank balked.
As Wells Fargo fights to come out from under a fake-account scandal that has forced its former CEO and chairman to retire, there is talk that branch closures may be in the near future.
Wells Fargo & Co. Chairman and CEO John Stumpf has informed the companyâs board of directors that he will be stepping down from both positions effective immediately, the San Francisco-based bank said Wednesday. The bankâs board elected President and Chief Operating Officer Tim Sloan to replace Stumpf, the CharlotteâŚ
Illinois State Treasurer Michael Frerichs said Monday that his office will suspend investment activity with Wells Fargo in light of the bankâs ongoing fraud scandal and investigation, USA Today reports.
Just when it looked as if things could not get worse for Wells Fargo, the bank took another beating Thursday when it agreed to pay $24 million for improperly repossessing cars it financed for members of the U.S. military, the Los Angeles Times reports.
âMr. Stumpf, the Wells Fargo Vision and Values statement [pdf], which you frequently cite, says, quote, âWe believe in values lived, not phrases memorized. If you want to find out how strong a companyâs ethics are, donât listen to what its people say; watch what they do.â So, letâs do that.â
Wells Fargo is embroiled in a multimillion-dollar banking-fraud scandal stemming from its aggressive cross-selling tactics, and CEO John Stumpf blames low-level bank employees for the trouble.
![Yeah LeBron, This Ainât a Good Look [Updated]](https://i.kinja-img.com/gawker-media/image/upload/s--TOuqszYB--/c_fill,f_auto,fl_progressive,g_center,h_180,q_80,w_320/a9iv6zhejp3cqg1cntgc.png)
