Wells Fargo News
Wells Fargo Will Pay $50M to Settle Suit Over Homeowners Fees
Wells Fargo & Co has agreed to pay $50 million to settle a racketeering lawsuit accusing it of overcharging hundreds of thousands of homeowners for appraisals ordered after they defaulted on ...
Wells Fargo Scandal May Reach to Thousands of Small Business Owners
The scandal over improper sales practices at Wells Fargo & Co extended to thousands of small-business owners, according to a U.S. lawmaker, raising questions about the scope of the bank's issues ...
Wells Fargo Slammed With Class Action Lawsuit Regarding Sales Practices
A shareholder class action lawsuit was filed against Wells Fargo & Co on Monday that alleged the firm misled investors about its financial performance and the success of its sales practices. ...
Berkshire Hathaway Reportedly Draws Federal Scrutiny of Wells Fargo Investment
Warren Buffett's Berkshire Hathaway Inc. is well known as a tapestry of modern capitalism for its ownership of dozens of companies and investments in dozens more. Now that interconnected web is ...
Everest Re Will Unload U.S. Crop Insurance Subsidiary, Provide Reinsurance Cover
Everest Re Group, Ltd. plans to sell its U.S. crop insurance subsidiary, but still keep a hand in the business through reinsurance. The deal, announced July 25, calls for CGB Diversified Services ...
Buffett’s Berkshire Hathaway Seeks Greater Wells Fargo Stake
Warren Buffett's Berkshire Hathaway Inc. applied to the Federal Reserve for approval to expand its stake in Wells Fargo & Co. after reaching the 10 percent threshold that requires regulatory ...
Miami Predatory Lending Lawsuit Heads to U.S. Supreme Court
The U.S. Supreme Court on Tuesday agreed to decide whether Miami can pursue lawsuits accusing major banks of predatory mortgage lending to black and Hispanic home buyers resulting in loan defaults ...
Wells Fargo Reaches $1.2B Settlement in U.S. Govt. Mortgage Suit
Wells Fargo & Co admitted to deceiving the U.S. government into insuring thousands of risky mortgages, as it formally reached a record $1.2 billion settlement of a U.S. Department of Justice ...