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wells fargo

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Sergei Drozdov
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Should I leave Wells Fargo after the scandal?

Q. After this Wells Fargo scandal, I’m thinking of moving my accounts and my mortgage. Should I?

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MIAMI, FL - SEPTEMBER 09: A Wells Fargo sign is seen on the exterior of one of their bank branches on September 9, 2016 in Miami, Florida. Reports indicate that more than 5,000 Wells Fargo employees have been fired as a result of a scandal involving employees that secretly set up new fake bank and credit card accounts in order to meet sales targets. (Photo by Joe Raedle/Getty Images)
A Wells Fargo sign is seen on the exterior of one of their bank branches on September 9, 2016 in Miami, Florida. (Photo by Joe Raedle/Getty Images)
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Wells Fargo cutting sales goals in wake of $185 million fine

Wells Fargo will cut its aggressive product sales goals for retail bankers, as it faces $185 million in fines and a damaged reputation after allegations that it opened millions of unauthorized accounts to meet those targets.

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Category: Money & Business Tags:
FILE - In this July 14, 2014, file photo, a man passes by a Wells Fargo bank office in Oakland, Calif. Regulators announced Thursday, Sept. 8, 2016, that Wells Fargo is being fined $185 million for illegally opening millions of unauthorized accounts for their customers in order to meet aggressive sales goals. (AP Photo/Ben Margot, File)
FILE - In this July 14, 2014, file photo, a man passes by a Wells Fargo bank office in Oakland, Calif. (AP Photo/Ben Margot, File)
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Wells Fargo fined $185 million for improper account openings

California and federal regulators fined Wells Fargo a combined $185 million on Thursday, alleging the bank's employees illegally opened millions of unauthorized accounts for their customers in order to meet aggressive sales goals.

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Category: Money & Business Tags:
Wells Fargo
Flickr User MoneyBlogNewz
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NJ Sex for Bank Loan Case Settled

Wells Fargo Bank has agreed to strengthen its anti-discrimination policies as part of a settlement that resolves allegations a bank employee pressured a female loan applicant for sex, and that the bank didn’t do enough after hearing of the allegations.

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Wells Fargo
Justin Sullivan, Getty Images
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Wells Fargo Accused of Discrimination

A group of U.S. nonprofit housing advocates has filed a discrimination complaint against Wells Fargo, accusing the nation's largest mortgage lender of failing to maintain and market foreclosed properties in black and Hispanic neighborhoods.

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