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Wells Fargo Pays $35M In Race Bias Suit

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Wells Fargo Pays $35M In Race Bias Suit

Wells Fargo Pays $35M In Race Bias Suit*/

– January 4, 2017Wells Fargo has agreed to pay $35 million to more than 500 African American financial advisors and trainees over allegations the bank favored their white colleagues, Bloomberg reports.Six black brokers allege the bank “engaged in an ongoing nationwide pattern and practice of race discrimination” in a revised complaint filed in Chicago last week and cited by the news service.The brokers allege black employees were less likely to be selected for advisor teams or as successors and were more likely to be assigned to less lucrative branches, according to the complaint.
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Wells Fargo may lose New York City contract

Wells Fargo may lose New York City contract*/

– Bizspace Spotlight Sponsor Listing Property Spotlight: PV|303 – Arizona’s Rising Hub For Business ExpansionEnlarge Wells FargoNew York City could be on the verge of severing ties with Wells Fargo.The bad news for the San Francisco-based bank follows months of negative press since regulators fined the bank $185 million for opening as many as 2 million deposit and credit accounts without customer authorization.Enlarge Wells FargoWells Fargo (NYSE: WFC) currently has a deal with N.Y.C.
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Wells Fargo: Likely To Regain Premium Valuation Despite Earnings Pressure From Regulator Issues – Wells Fargo & Co. (NYSE:WFC)

Wells Fargo: Likely To Regain Premium Valuation Despite Earnings Pressure From Regulator Issues - Wells Fargo & Co. (NYSE:WFC)*/

– There have been several news items related to Wells Fargo (NYSE:WFC) over the past month.First, the Office of the Comptroller of the Currency (NASDAQ:OCC) rolled back some of the settlement terms it agreed with Wells in September.As a reminder, on September 8th, Wells Fargo announced USD185mn in settlements with the Consumer Financial Protection Bureau, the OCC, and the Office of the Los Angeles City Attorney, regarding allegations that ‘some of its retail customers received products and services they did not request.’
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See monster trucks fly at Wells Fargo Arena

See monster trucks fly at Wells Fargo Arena*/

– Buy Photo Midnight rider, driven by Tom Herzog, goes off a jump at Wells Fargo Arena during Monster Jam on Friday, Jan. 6, 2017, in West Des Moines.(Photo: Brian Powers/The Register)Buy PhotoMonster trucks including Grave Digger and Nitro Menace charged each other to the delight of fans Friday.The trucks, approximately 12-feet tall and 12-feet wide, have 66-inch-tall tires and weigh at least 10,000 pounds.
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Authorities searching for man who robbed Wells Fargo in Daphne

Authorities searching for man who robbed Wells Fargo in Daphne*/

– The Wells Fargo Bank in Daphne was robbed at around 12:30 p.m. on Saturday, police said.Images of the suspect were caught on security camera footage, Daphne police said.According to police, the suspect entered the bank located at 2535 US Highway 98 and handed the teller a note demanding cash.
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