Wells Fargo
Wells Fargo
Wells Fargo is one of the largest banks in the United States, with approximately $1.9 trillion in balance sheet assets. The company is split into four primary segments: consumer banking, commercial banking, corporate and investment banking, and wealth and investment management.
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The judge ruled for Peter Cannava, who had denied wrongdoing even after Wells Fargo and other defendants settled charges.
June 12 -
The amended lawsuit references inside sources who allegedly confirm that the banks worked together in violation of antitrust law.
June 3 -
Adding $374 million alleged in New York to the three other cases also filed by Johan Rosenberg brings the total damages claimed to $1.58 billion.
May 22 -
Philadelphia awarded a $190 million general obligation deal to banks the city is suing, alleging collusion on variable-rate debt.
April 29 -
Whistleblower Johan Rosenberg has alleged that the conspiracy cost issuers over $1 billion — $719 million in California, $349 million in Illinois, and $134 million in Massachusetts.
April 4 -
Municipal underwriters jockey for position as business increased 21.9% from the first quarter of last year.
April 4 -
With the Federal Reserve finished raising interest rates, some yield curve inversions would signal a coming recession, according to Brian Rehling of Wells Fargo Investment Institute.
April 3 -
Even before Tim Sloan stepped down as chief executive of the scandal-stung Wells Fargo, the bank had already gotten back into the good graces of the biggest U.S. state.
April 3 -
Cannava argues that emails, witness statements, and other evidence cast doubt on the SEC's claims that he acted recklessly.
April 2 -
The lawsuit filed in federal court is now the second national suit alleging fraud in the variable-rate debt market.
March 27