Wells Fargo

NEW YORK | Data center smoke causes outage for Wells Fargo customers

NEW YORK (AP) — Smoke at one of Wells Fargo‘s data centers left some of the bank’s customers without access to online or mobile banking as well as accessing cash from ATMs on Thursday. Wells Fargo said workers discovered the problem following routine maintenance. “We’re working to restore all our services as soon as possible,” … Continue reading NEW YORK | Data center smoke causes outage for Wells Fargo customers

Business News: Wells Fargo Reaches Agreement With State Attorneys General Regarding Previously Disclosed Issues

Agreement covers retail sales practices, auto and mortgage issues for which the company already is remediating customers SAN FRANCISCO, CA – Wells Fargo & Co. (NYSE:WFC) yesterday reached an agreement with all 50 state Attorneys General and the District of Columbia regarding previously disclosed retail sales practices, auto collateral protection insurance (“CPI”) and Guaranteed Asset/Auto … Continue reading Business News: Wells Fargo Reaches Agreement With State Attorneys General Regarding Previously Disclosed Issues

Missouri News: AG Hawley Announces $575 Million Multistate Settlement with Wells Fargo

Jefferson City, MO – Missouri Attorney General Josh Hawley today announced that Wells Fargo Bank N.A. will pay $575 million to resolve claims that the bank violated state consumer protection laws by (1) opening millions of unauthorized accounts and enrolling customers into online banking services without their knowledge or consent, (2) improperly referring customers for … Continue reading Missouri News: AG Hawley Announces $575 Million Multistate Settlement with Wells Fargo

Virginia News: Virginia Beach Man, Rian Michael Lopez Pleads Guilty to Four Bank Robberies

NORFOLK, Va. – A Virginia Beach man pleaded guilty today to robbing three banks and one credit union. According to court documents, from October 2017 through April 2018, Rian Michael Lopez, 30, robbed a Wells Fargo bank of $7,700, a Bank of America of $17,191, a BB&T bank of $4,076, and a Bayport Federal Credit … Continue reading Virginia News: Virginia Beach Man, Rian Michael Lopez Pleads Guilty to Four Bank Robberies

Florida News: Governor Rick Scott Thanks Businesses for Hurricane Relief Donations

TALLAHASSEE, FL – Florida Governor Rick Scott and Volunteer Florida today thanked the following businesses for their generous donations to the Florida Disaster Fund, which was activated by Governor Scott to aid those impacted by Hurricane Michael.  The Florida Disaster Fund, administered by the Volunteer Florida Foundation, is the State of Florida’s official private fund … Continue reading Florida News: Governor Rick Scott Thanks Businesses for Hurricane Relief Donations

SAN FRANCISCO | Wells Fargo’s profit rises to $6 billion in latest quarter

SAN FRANCISCO — Wells Fargo, still haunted by multiple scandals, reported higher earnings in the third quarter Friday but still fell short of what analysts were looking for. Wells saw its earnings jump to $6 billion from $4.5 billion in 2017’s third quarter, although last year the bank had to set aside $1 billion for … Continue reading SAN FRANCISCO | Wells Fargo’s profit rises to $6 billion in latest quarter

NEW YORK | Wells Fargo to cut 10 percent of workforce over next 3 years

NEW YORK — Wells Fargo plans to cut up to 10 percent of its workforce over the next three years, the bank announced on Thursday, which will result in thousands of job losses for employees of the nation’s third-largest bank. Wells Fargo & Co. Chief Executive Tim Sloan made the announcement to employees on Thursday. … Continue reading NEW YORK | Wells Fargo to cut 10 percent of workforce over next 3 years

New Mexico News: AG Balderas Brings Lawsuit against Wells Fargo for Opening Thousands of Fake Accounts

Albuquerque, N.M. – Thursday, Attorney General Hector Balderas announced that the Office of the Attorney General’s Consumer and Environmental Protection Division filed a lawsuit against Wells Fargo Bank, N.A. for illegal business practices in opening unauthorized accounts in the name of thousands of New Mexicans. “As the fiscal agent for the State, and a provider of banking services … Continue reading New Mexico News: AG Balderas Brings Lawsuit against Wells Fargo for Opening Thousands of Fake Accounts