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Wells Fargo was silent about account probe for 6 months

collected by :Rechard Bernard

follow the latest news of” market news” from different sites to most famous technicals /Jeff Cox by 2017-01-13 at 3:15

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Troubled Wells Fargo will look to reassure investors with earnings

Troubled Wells Fargo will look to reassure investors with earnings*/

– Wells Fargo will close out one the most difficult years in its 165-year history by trying to convince investors that the future remains bright.The second-largest U.S. bank by assets operated under a dark cloud during 2016.Revelations during the year that Wells Fargo employees had created false accounts for some 2 million customers as part of a practice known as cross-selling created scandalous headlines and shook investor confidence.
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This is the ‘age of discontent’ — and you need to invest accordingly, Wells Fargo says

This is the ‘age of discontent’ — and you need to invest accordingly, Wells Fargo says*/

– The market will experience heightened volatility and uncertainty ahead, and investors will have to position themselves accordingly, in a time the Wells Fargo Investment Institute characterizes in a new report as the “age of discontent.”Households across the country have felt economic recovery to very different and uneven degrees post-financial crisis, according to the report, which attributes such “discontent” for market participants to frustration across economic classes, along with increased political uncertainty on the horizon.”By many measures, this has been a dividend recovery with a distinct set of winners and losers,” according to the report written by a team led by Tracie McMillion, head of global asset allocation at the Wells Fargo Investment Institute.
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Wells Fargo is Rollin Out Card-Free, Web-Based ATM Service

Wells Fargo is Rollin Out Card-Free, Web-Based ATM Service*/

– Imagine withdrawing money in Automatic Teller Machine (ATM) without using any card.This is what Wells Fargo is planning to do.It sets a plan to launch a new concept of mobile transaction.
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Wells Fargo was silent about account probe for 6 months

Wells Fargo was silent about account probe for 6 months*/

– NEW YORK (CNNMoney) – Federal law requires public companies like Wells Fargo to warn shareholders about non-routine legal proceedings.Yet it has now emerged that Wells Fargo stayed silent for at least six months about the fact that authorities were investigating the bank’s creation of fake accounts.Wells Fargo confirmed on Thursday that it was in talks with the Consumer Financial Protection Bureau about unauthorized accounts as early as March 2016.
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