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CableZL 04/20/18 10:08:50 AM #1: |
https://www.bloomberg.com/news/articles/2018-04-20/wells-fargo-said-to-be-fined-1-billion-over-consumer-missteps
Wells Fargo & Co. will pay $1 billion to settle U.S. probes into mistreatment of consumers, the largest sanction of a U.S. bank under President Donald Trump, as the firm tries to resolve a year and a half of scandals across its operations. The bank will pay $500 million in penalties each to the Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency, according to a statement Friday from the CFPB. Wells Fargo warned shareholders last week it would soon face a fine of that size, which it will book retroactively in the first quarter. The bank remains under a Federal Reserve penalty that bans growth in total assets. That scandal was going a lot longer than they're wanting to admit. I had a student loan from them back in 2004, and I remember an extra account showing up. I ignored it until I got charged a fee for not having enough money in that account. When I called them about it, they were very quick to rescind the fee and delete the extra account. --- ... Copied to Clipboard!
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E32005 04/20/18 10:14:40 AM #3: |
... Copied to Clipboard!
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JxOxNxIxCxS 04/20/18 10:15:38 AM #4: |
... Copied to Clipboard!
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Solid Sonic 04/20/18 10:16:21 AM #5: |
E32005 posted...
Good All execs everywhere? --- The only game reviewers who can be trusted are those who publish in Latin or Swahili. ... Copied to Clipboard!
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E32005 04/20/18 10:16:58 AM #6: |
Solid Sonic posted...
E32005 posted...Good Stupidity in action right here --- ... Copied to Clipboard!
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Solar_Crimson 04/20/18 10:17:26 AM #7: |
Seems like chump change to me.
--- Be wary of boarding the hype train, lest you end up on the ruse cruise... - nanobuilder (r/nintendo) http://backloggery.com/SolarCrimson ... Copied to Clipboard!
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Cal12 04/20/18 10:18:19 AM #8: |
CableZL posted...Wells Fargo warned shareholders last week it would soon face a fine of that size, No. Its a buffer because there probably are a lot of shareholders who obviously didnt know they were doing and are allowed to sell their stock before it tanks. ... Copied to Clipboard!
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Serious Cat 04/20/18 10:23:56 AM #9: |
Spooking posted...
CableZL posted...Wells Fargo warned shareholders last week it would soon face a fine of that size, Nope. It's publicly announced information. Insider trading is trading stocks based on information that isn't publicly known. --- I are Serious Cat This is serious thread ... Copied to Clipboard!
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Garioshi 04/20/18 10:28:09 AM #10: |
Reminder that nobody responsible for the subprime mortgage crisis and subsequent crash of the US and global economy has faced any punishment whatsoever
--- ... Copied to Clipboard!
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foreveraIone 04/20/18 10:32:19 AM #11: |
Garioshi posted...
Reminder that nobody responsible for the subprime mortgage crisis and subsequent crash of the US and global economy has faced any punishment whatsoever rich people don't get punished unless they piss off other rich people --- https://i.imgur.com/aVTScxQ.jpg Always. Edgy. ... Copied to Clipboard!
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SK8T3R215 04/20/18 10:33:07 AM #12: |
Spooking posted...
CableZL posted...Wells Fargo warned shareholders last week it would soon face a fine of that size, >publicly release information >insider trading lmfao --- New York Knicks, New York Jets, New York Yankees. ... Copied to Clipboard!
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Serious Cat 04/20/18 10:35:45 AM #13: |
SK8T3R215 posted...
Spooking posted...CableZL posted...Wells Fargo warned shareholders last week it would soon face a fine of that size, Eh, to be fair it isn't explicitly clear that warning stockholders means making a public announcement rather than warning stockholders at the exclusion of others. --- I are Serious Cat This is serious thread ... Copied to Clipboard!
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