August 19, 2014
by Kimberly Bennett
A judge for the US District Court for the District of Minnesota on Monday approved a settlement for $62.5 million between Wells Fargo & Co and large institutional clients who lost money in an investment program known as securities lending. US District Judge Donovan Frank also awarded attorneys ...[read more]
June 11, 2014
by Peter Snyder
The US Court of Appeals for the District of Columbia Circuit on Tuesday rejected Wells Fargo & Co's contention that the bank's participation, along with other national banks, in a $25 billion settlement with the US government over foreclosure abuses should bar claims bring in a separate civil ...[read more]
May 16, 2013
by Addison Morris
A federal judge on Tuesday reinstated a $203 million penalty against Wells Fargo in a class action suit alleging that the bank affirmatively misled customers and then charged excessive overdraft fees. Rather than processing purchases in a chronological order, as is the common practice, the bank ...[read more]
January 7, 2013
by Sarah Steers
On January 7, 2011, the Massachusetts Supreme Judicial Court ruled that banks are barred from foreclosing on property if they cannot prove that, at the time the foreclosure was initiated, they were the holders of the mortgage. This decision sent bank stocks downward, on the fear that completed ...[read more]
November 2, 2012
by Rebecca DiLeonardo
Wells Fargo claimed Thursday that a federal lawsuit filed by the US government to recover money from defective mortgages is barred by a settlement reached earlier this year. The government filed the lawsuit last month, alleging that Wells Fargo deliberately concealed the nature of mortgages that ...[read more]
August 14, 2012
by Max Slater
The US Securities and Exchange Commission (SEC) announced Tuesday that Wells Fargo will pay a $6.5 million fine for improperly selling high-risk mortgage securities to investors during the housing market crash in 2007. The SEC claimed that Wells Fargo did not adequately inform investors of the ...[read more]
July 13, 2012
by Rebecca DiLeonardo
The US Court of Appeals for the Ninth Circuit on Thursday dismissed a lawsuit against several banks, including Bank of America (BOA) and Wells Fargo & Company, alleging that banks engaged in price-fixing practices when setting fees for using ATMs managed by other banks. The three-judge panel ...[read more]
March 24, 2012
by Michael Haggerson
The Securities Exchange Commission (SEC) announced on Friday that it filed a subpoena enforcement action in the U.S. District Court for the Northern District of California against Wells Fargo & Company to force the company to hand over documents connected to the company's sale of nearly $60 ...[read more]
January 9, 2011
by Sarah Paulsworth
The Massachusetts Supreme Judicial Court issued a decision on Friday ruling against banks in two foreclosure cases that could have important implications on similar cases both inside and outside of the state. In the consolidated decision Justice Ralph Gants ruled that neither US Bank National ...[read more]
October 12, 2008
by Bernard Hibbitts
The US Federal Reserve Board Sunday approved a controversial merger between Wachovia bank and Wells Fargo that had prompted a legal challenge from jilted corporate suitor Citigroup. Encouraged by the Federal Deposit Insurance Corporation (FDIC), Citigroup agreed earlier this month to buy out ...[read more]

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