NEW YORK — A federal judge on Thursday rejected Wells Fargo & Co’s bid to dismiss a lawsuit claiming it defrauded shareholders about its ability to rebound from five years of scandals over its treatment of customers. The fourth-largest U.S. …
Wells Fargo & Co., Bank of America Corp., JPMorgan Chase & Co. and US Bancorp were sued by small businesses that accused the lenders of prioritizing large loans distributed as part of the virus rescue package, shutting out the smallest …
A $1.7 million email phishing fraud that included phone calls with a fake lawyer and an intervention by a Wells Fargo fraud investigator is still a fraud and Ironshore Indemnity is liable for the claim, a split panel with the …
Setting fire to a house is much more than an act of vandalism and if insurers want to exclude such damage from coverage they had best use the term “arson” in policy exclusions, the U.S. 6th Circuit Court of Appeals …
Wells Fargo has made missteps in its efforts to make amends to customers who were forced to buy unneeded auto insurance. Bank spokeswoman Catherine Pulley said 38,000 customers received a letter they did not need and that contained no refund. …
HSBC Holdings Plc and Wells Fargo & Co. agreed to settle lawsuits by mortgage holders who alleged they were forced to pay for property insurance at inflated rates. HSBC will pay as much as $32 million to resolve the claims, …
To better meet the global needs of its customers, Wells Fargo Insurance, part of Wells Fargo & Company, is expanding its international specialty group by establishing three new teams solely dedicated to serving the insurance and risk management needs of …
Recent cyber attacks against Wells Fargo & Co were “pretty significant” but didn’t cause customer losses or a major increase in expenses, the bank’s Chief Financial Officer, Tim Sloan, told Reuters on Friday. The No. 4 U.S. bank by assets …
Wells Fargo & Co agreed to pay $175 million to resolve allegations it charged African-Americans and Hispanics higher rates and fees on mortgages even when they qualified for better deals during the housing boom, the U.S. Justice Department said on …