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Wells Fargo fined $185M for fake accounts
Bank says it fired roughly 5,300 workers during a five-year period for their involvement         
25415 points by Arizona Republic | Los Angeles Wells Fargo Bank of America First Interstate Bancorp Bank American Express Los Angeles County California Cheque
5,300 Wells Fargo staff fired over bogus accounts
Bank says it fired roughly 5,300 workers during a five-year period for their involvement         
25415 points by Arizona Republic | Los Angeles Wells Fargo Bank of America First Interstate Bancorp Bank American Express Los Angeles County California Cheque
Wells Fargo fined $185M for fake acounts; 5,300 were fired
Bank says it fired roughly 5,300 workers during a five-year period for their involvement         
-1 points by Arizona Republic | Los Angeles Wells Fargo Bank of America First Interstate Bancorp Bank American Express Los Angeles County California Cheque
Wells Fargo employees fired over bogus accounts
Bank says it fired roughly 5,300 workers during a five-year period for their involvement         
25415 points by Arizona Republic | Los Angeles Wells Fargo Bank of America First Interstate Bancorp Bank American Express Los Angeles County California Cheque
Wells Fargo to pay $185 million, fire 5,300 workers over allegations employees opened fake accounts
City and federal officials have accepted a $185 million settlement with Wells Fargo over allegations that the bank’s employees, driven by strict sales quotas, regularly opened new accounts for customers without their knowledge.
652 points by The Denver Post | Wells Fargo Los Angeles The Los Angeles Times First Interstate Bancorp City Beverly Hills California Bank of America San Fernando Valley
Feds slap Wells Fargo with record fine over fake accounts
NEW YORK — California and federal regulators fined Wells Fargo a combined $185 million on Thursday, alleging the bank’s employees illegally opened millions of unauthorized accounts for their customers in order to meet aggressive sales goals. The San Francisco-based bank will pay $100 million to the Consumer Financial Protection Bureau, a federal agency created five...
77 points by New York Post | Wells Fargo Los Angeles The Los Angeles Times City Los Angeles Times 1992 Los Angeles riots First Interstate Bancorp San Fernando Valley
Wells Fargo fined $185M: Things to know

6 points by Atlanta Journal Constitution | Bank of America Wells Fargo The Los Angeles Times Need to know Federal Bureau of Investigation Los Angeles American Express Cheque
Another day, another $185mn: Wells Fargo fined for opening fake accounts
A top US bank, Wells Fargo, has agreed an $185 million payout settlement with California and federal regulators after it opened more than 2 million fake accounts not authorized by customers. It is the company’s second instance of fraud in recent months. Read Full Article at RT.com
1015 points by Russia Today | Credit card Wells Fargo Money Los Angeles Bank Overdraft The Los Angeles Times Payment
Wells Fargo fined $185M for unauthorized accounts; fires 5,300
Bank says it fired roughly 5,300 workers during a five-year period for their involvement         
25415 points by Arizona Republic | Los Angeles Wells Fargo Bank of America First Interstate Bancorp Bank American Express Los Angeles County California Cheque
Wells Fargo fined $185M for unauthorized accounts; says it has fired 5,300
Bank says it fired roughly 5,300 workers during a five-year period for their involvement         
-1 points by Arizona Republic | Los Angeles Wells Fargo Bank of America First Interstate Bancorp Bank American Express Los Angeles County California Cheque
FBI searching for man who tried to rob a Midtown Houston bank
Agents with the FBI Houston field office are searching for a man who attempted to rob a bank in downtown Houston Thursday morning.
-1 points by The Houston Chronicle | Facial hair Beard Moustache Bank robbery Crime Goatee Sideburns Wells Fargo
Wells Fargo fined $185 million for improper account openings
California and federal regulators fined Wells Fargo a combined $185 million on Thursday, alleging the bank's employees illegally opened millions of unauthorized accounts for their customers in order to ...
1 points by Las Vegas Sun | Wells Fargo Los Angeles The Los Angeles Times City Los Angeles Times First Interstate Bancorp 1992 Los Angeles riots San Fernando Valley
Wells Fargo fined $185M for transferring customers’ money
California and federal regulators fined Wells Fargo a combined $185 million on Thursday.
1065 points by Daily News | Wells Fargo Los Angeles The Los Angeles Times City Los Angeles Times First Interstate Bancorp 1992 Los Angeles riots Leona Helmsley
Wells Fargo fires 5,300 workers, fined $185 million in 'outrageous' fraud case
California and federal regulators fined Wells Fargo a combined $185 million on Thursday, alleging the bank's employees illegally opened millions of unauthorized accounts for their customers in order to meet aggressive sales goals.
-1 points by Arizona Daily Star | Credit card Los Angeles Authorization Bank of America Federal Bureau of Investigation Wells Fargo Money Debit card
Wells Fargo fined $185 million for improper account openings; 5,300 people fired in connection
California and federal regulators fined Wells Fargo a combined $185 million on Thursday, alleging the bank's employees illegally opened millions of unauthorized accounts for their customers in order to meet aggressive sales goals. The San Francisco-based bank will pay $100 million to the Consumer...
-1 points by Chicago Tribune | Wells Fargo Los Angeles The Los Angeles Times City Los Angeles Times 1992 Los Angeles riots First Interstate Bancorp San Fernando Valley
Wells Fargo fined $185M for unauthorized accounts
Investigators say the bank opened more than 2 million deposit and credit card accounts         
25415 points by Arizona Republic | Wells Fargo Bank of America Los Angeles First Interstate Bancorp Bank American Express Cheque Federal Bureau of Investigation
Wells Fargo employees fired for creating 2M phony accounts
On Thursday, federal regulators said Wells Fargo employees secretly created millions of unauthorized bank and credit card accounts -- without their customers knowing it -- since 2011.
174606 points by CNN | Dow Jones Industrial Average Dow Jones & Company Trademark Dow Jones Indexes Charles Dow Wells Fargo Edward Jones Citigroup
Wells Fargo fined $185M for bonus scam; 5,300 employees reportedly fired
Doug G. WareWASHINGTON, Sept. 8 (UPI) -- Regulators have fined Wells Fargo Bank nearly $200 million for a scam that opened millions of fake accounts to meet quotas and generate bonuses, officials said.
411 points by UPI | Wells Fargo Bank of America Cheque Penalty Overdraft Bank Wachovia American Express
Wells Fargo Fined for Years of Harm to Customers
Federal banking regulators say that the bank issued unauthorized credit cards and charged late fees on accounts created by bank employees without customers’ knowledge.
21 points by The New York Times | Bank Wells Fargo Bank of America Consumer protection Banking Cheque Los Angeles Office of Fair Trading
Wells Fargo fined $185M for employee bonus scam
Doug G. WareWASHINGTON, Sept. 8 (UPI) -- Regulators have fined Wells Fargo Bank nearly $200 million for a scam that opened millions of fake accounts to meet quotas and generate bonuses, officials said.
318 points by UPI | United Press International Wells Fargo Bank of America William Randolph Hearst Penalty Cheque Overdraft News World Communications
Wells Fargo to pay $150 million-plus over allegations its workers opened fake accounts
City and federal officials have reached a settlement of at least $150 million with Wells Fargo over allegations that the bank’s employees, driven by strict sales quotas, regularly opened new accounts for customers without their knowledge. The settlement, according to documents reviewed by The Times,...
8774 points by Los Angeles Times | Wells Fargo Lawsuit Bank of America Credit card Los Angeles Bank Fraud Dispute resolution
Broadway community slams Wells Fargo for ads minimizing the arts
The ads showed teens with the words "A ballerina yesterday. An engineer today."       
5024 points by USA Today | Wells Fargo Music Educational psychology Personal finance
Multi-billion dollar investors urge bankers to divest from #DAPL
More than 120 investors with over $650 billion in assets in banks financing the Dakota Access Pipeline have called on the financial institutes to support the Standing Rock Sioux Tribe’s call to have the pipeline rerouted from Native American land. Read Full Article at RT.com
110 points by Russia Today | Bank of America Finance BNP Paribas Boycott Pension Wells Fargo Balance sheet Asset
Villanova trustees approve $60 million makeover for the Pavilion basketball arena

-2 points by The Philadelphia Inquirer | Villanova University The Pavilion Villanova Wildcats Philadelphia Wells Fargo Wachovia Center Abuse Jake Nevin Field House
Rapper DMX inspires homeless group in surprise visit
The Yonkers native, who has battled drug addiction, reminded the men to keep faith in God and remain tenacious.
13 points by New York Post | The Philadelphia Inquirer Philadelphia Media Holdings Pulitzer Prize for National Reporting Pulitzer Prize for Investigative Reporting 1987 Pulitzer Prize Brian Tierney Wells Fargo Philadelphia
Wells Fargo execs unlikely to get bonuses after scandal
Like many of their own customers, Wells Fargo’s top executives are about to be in for a shock when they check their bank accounts. Top Wells Fargo executives, including Chief Executive Tim Sloan, likely won’t get a bonus this year after a fake accounts scandal sullied the bank’s reputation and weighed heavily on its shares,...
16 points by New York Post | Wells Fargo Cheque Native Americans in the United States North Dakota Bank of America Indian reservation Banking Bank
Seattle becomes the first city to sever ties with Wells Fargo in protest of Dakota Access pipeline
With supporters carrying signs saying “Make big business pay” and Native American activists performing an “honor song” in gratitude, the Seattle City Council on Tuesday voted to make this the first city in the nation to ends its relationship with a bank in protest of the Dakota Access pipeline....
230046 points by Los Angeles Times | North Dakota Seattle Sioux Bank Wells Fargo City Councillor Bank of America
Elizabeth Warren spotlights economic struggle in new book, ‘This Fight Is Our Fight’
Senator Elizabeth Warren isn’t done fighting America’s good fight, judging by the title of her upcoming book, This Fight Is Our Fight: The Battle to Save America’s Middle Class.
286 points by Boston Herald | United States United States Senate English-language films Wells Fargo Military Working class Donald Trump Senate
Kings' Jeff Carter delivers in overtime for a 1-0 victory over the Flyers
The Kings rode a Jeff Carter goal to a 1-0 overtime victory against the Philadelphia Flyers at the Wells Fargo Center on Saturday. They have now won five straight games.  The day started with the Kings activating forward Tyler Toffoli from injured reserve. Toffoli last played on Dec. 20, missing...
67 points by Los Angeles Times | National Hockey League Ice hockey Wells Fargo Los Angeles Kings Philadelphia Flyers 2003 NHL Entry Draft Dustin Brown Calgary Flames
St. John’s surge can be traced to this X-factor’s extra effort
It was no coincidence St. John’s best performance of the season came on the same night Bashir Ahmed produced his best effort. Wednesday night at the Garden, St. John’s looked like a potential Big East Tournament sleeper, manhandling a quality Marquette team, and it wasn’t Shamorie Ponds or Marcus LoVett Jr., the program’s two impressive...
213 points by New York Post | Big East Conference Wells Fargo Work in progress
Iran vows to continue with missile tests
Iran promised to "vigorously" continue its missile activity and not bow to threats from the United States.
99 points by CNN | United States Unemployment United Arab Emirates Wells Fargo CNN World Carlos Slim Atlanta
Notorious B.O.B. wins Wing Bowl 25, Wingette of the Year is a shocker

-2 points by The Philadelphia Inquirer | Wing Bowl Angelo Cataldi Thus Spoke Zarathustra National Film Registry WIP Wells Fargo Buffalo wings Ric Flair
Band topping charts on both sides of Atlantic
As CNN's Max Foster reports, British indie pop group The xx is topping the album charts on both sides of the Atlantic.
20 points by CNN | Indie pop United States All rights reserved Pop music Atlantic Ocean Wells Fargo Rock music Unemployment
Soul singer Sharon Jones dies at 60
Singer Sharon Jones, the lead singer of Sharon Jones & The Dap-Kings who found success after working for years as a prison guard, died Friday of pancreatic cancer, according to her Facebook page. She was 60.
10 points by Las Vegas Review-Journal | The Great Debaters Sharon Jones Wells Fargo Album Rock music Naturally Toronto International Film Festival Los Angeles
Sharon Jones, Grammy-nominated soul and funk singer, dead at 60
Sharon Jones, iconic Grammy-nominated soul and funk singer who rose to fame relatively late in life, died on Friday of pancreatic cancer.
1482 points by Daily News | Singing Whoopi Goldberg Wells Fargo Vocal range Rock music Pancreatic cancer Soul music Queens
Wells Fargo opens fewer accounts following sales scandal but deposits still climb
Wells Fargo & Co. brought in fewer new customers and saw more existing ones close their accounts in October, the first full month since the San Francisco bank’s sales scandal came to light. The bank reported Thursday that it opened about 300,000 new checking accounts last month, down 27% from September...
17 points by Los Angeles Times | Cheque Bank of America Bank Bookkeeping Credit card Wells Fargo Customer service American Express
At Wells Fargo, Complaints About Fraudulent Accounts Since 2005
Employees tipped off the bank’s ethics hotline, human resources department and even the chief executive, but the problems persisted.
1395 points by The New York Times | Wells Fargo Bank Bank of America Termination of employment John Stumpf
Fair Game: In Wells Fargo’s Bogus Accounts, Echoes of Foreclosure Abuses
The bank’s practice of opening fake accounts and charging customers fees to do so has parallels with its mistreatment of some borrowers after the financial crisis.
2159 points by The New York Times | Judge Mortgage Wells Fargo U.S. state Bank of America Foreclosure Loan Debt
I called Wells Fargo ethics line and got fired
Now CNNMoney is hearing from former Wells Fargo (WFC) workers around the country who tried to put a stop to these illegal tactics. Almost half a dozen workers who spoke with us say they paid dearly for trying to do the right thing: they were fired.
47942 points by CNN | Dow Jones Industrial Average Wells Fargo Dow Jones & Company Charles Dow Dow Jones Indexes Bob Menendez Edward Jones The Wall Street Journal
At Wells Fargo, workers say, sales focus was all-consuming
NEW YORK (AP) — It began with the constant and compulsive pressure to sell. Then came stress-induced health problems. Wells Fargo employees, both current and former, say they spent every day frantically trying to persuade customers to open more accounts…
-1 points by Arizona Daily Star | Bank Banking Cheque Wells Fargo Credit union Overdraft Bank of America Credit card
Reince Priebus has an Ohio problem: Ohio Politics Roundup
As RNC Chair Reince Priebus continues to tick off top Ohio Republicans, Donald Trump is winning over the GOP rank and file in the state. Today's Ohio Politics Roundup is brought to you by Jeremy Pelzer. As RNC Chair Reince Priebus continues to tick off top Ohio Republicans, Donald Trump is winning over the GOP rank and file in the state. Sheldon Adelson belatedly helped Cleveland's RNC host committee close a $6 million fundraising gap. And John Boehner lands another private-sector job. Today's Ohio Politics Roundup is brought to you by Jeremy Pelzer.     Reince Priebus' Ohio troubles: Reince Priebus "has an Ohio problem," writes cleveland.com's Henry J. Gomez, after the Republican National Committee chair slighted state party chair Matt Borges and angered Gov. John Kasich - most recently by warning that Kasich's refusal to endorse Donald Trump could trigger party penalties if Kasich runs for president again. "The Priebus problem, at the moment, is not a Trump problem," Gomez notes. But he notes it's not good to have national and Ohio Republicans fighting in a presidential election year. And more specifically, Priebus can't afford to upset Borges, who has helped Trump get his bearings in Ohio and has been mentioned as a possible replacement for Priebus. Will the chair yield for a question? Gomez wasn't able to get a hold of Priebus, but he listed a number of hard-hitting questions he hoped to ask the RNC chair, including why it's OK to "meddle in Kasich's affairs" even though Priebus has "largely tolerated Trump's racially charged rhetoric and other inflammatory remarks." "As RNC chairman, why haven't you stepped in more forcefully to condemn the language Trump is using?" Gomez asked. "Do you not see it as your responsibility to stand up for decency?" More shade thrown Kasich's way: Priebus isn't the only Republican leader who has a problem with Kasich's refusal to back Trump. U.S. House Committee on Homeland Security Chair Mike McCaul of Texas told LifeZette Editor-in-Chief Laura Ingraham that a "high price should be paid" by Kasich and fellow presidential hopeful Ted Cruz for not supporting the GOP nominee. "The Supreme Court is at stake, and you got people like John Kasich who's trying to skew Ohio, and others really just because they want to -- I think they just really want to get attention," McCaul said. "And it's not good for the country at the end of the day, you know?" Meanwhile, Trump's winning over Ohio GOP voters: While the Kasich-Trump feud continues, "rank-and-file Ohio Republicans have forged their own tenuous truce with their nominee," writes Politico's Katie Glueck and Kyle Cheney. "Strategists and activists in the state say many of those center-right voters are now coming on board for Trump in increasing numbers -- even if reluctantly -- despite Kasich's ongoing feud with the nominee." Borges plays peacemaker: Borges told Politico he didn't think the dispute with Kasich would blunt Trump's recent progress in the state. But even so, he said he's repeatedly - and successfully - urged Trump in person to avoid an open war with Kasich. Borges: "It makes no sense to pick a fight with the most popular elected official."  Adelson helps close RNC money gap: Cleveland's "nonpartisan host committee for the 2016 Republican National Convention exceeded its $64 million fundraising goal, despite being about $6 million short the week of the event," cleveland.com's Andrew J. Tobias reports. The $65.7 million in cash and in-kind contributions raised by the host committee includes a $1.5 million donation on Aug. 24 from top GOP donor Sheldon Adelson, whom Host Committee leader David Gilbert had asked to close the $6 million shortfall. Gilbert landed in hot water when it was discovered his solicitation letter to Adelson contained inaccurate information. Brown blasts Wells Fargo CEO: U.S. Sen. Sherrod Brown on Tuesday joined other members of the Senate Banking Committee in laying into Wells Fargo chairman and CEO John Stumpf after his bank used thousands of customers' personal information to open unauthorized bank and credit card accounts, cleveland.com's Stephen Koff writes. Brown told Stumpf during the committee hearing that Wells Fargo also "has been downright hostile to aggrieved customers" by using a legal escape hatch to avoid lawsuits. Boehner lands K Street gig: Former U.S. House Speaker John Boehner has joined Cleveland-based law firm and lobbying powerhouse Squire Patton Boggs as a strategic adviser on global business development, cleveland.com's Sabrina Eaton reports. The announcement comes less than a week after Boehner joined the board of tobacco giant Reynolds American.  Portman en espanol: U.S. Sen. Rob Portman's latest TV ad is a rarity in Ohio politics - it's completely in Spanish. In the ad, titled "Mi prioridad" ("My priority"), Portman (who's fluent in Spanish) says his priority is "to create better jobs." The Republican's campaign is spending $250,000 to air the ad on Spanish-language stations in the state. Hispanics aren't a large voting bloc in Ohio: they made up only 2.3 percent of the state's eligible voters in 2014. But as the Washington Post's Ed O'Keefe notes, the ad reinforces Portman's electability, shows Portman is increasingly confident of victory, and is a "bright spot" as Republicans struggle to win over Latino voters. Dredging up another lawsuit: "The Ohio Attorney General's Office on Monday filed a new lawsuit asking a federal judge to order the U.S. Army Corps of Engineers to dredge the Cleveland Harbor and Cuyahoga River shipping channel this year, after the judge refused their request on technical grounds," cleveland.com's Eric Heisig reports. "The latest lawsuit's demands are similar to those" brought in the AG's 2015 lawsuit, which a federal judge ruled couldn't be used to force the Army Corps to dredge this year. Lawmaker urges parents to destroy toy guns: Ohio Sen. Cecil Thomas is asking parents to get rid of real-looking toy guns after Columbus police last week fatally shot Tyre King, a 13-year-old carrying a BB gun, cleveland.com's Jackie Borchardt reports. "Children do not understand the danger these imitation weapons pose," said Thomas, a Cincinnati Democrat and an ex-cop. From the House to the Chamber: State Rep. Jeff McClain, an Upper Sandusky Republican, will resign from the legislature on Oct. 2 to become director of tax and economic policy for the Ohio Chamber of Commerce, Speaker Cliff Rosenberger announced in a news release. McClain, a former chair of the House Ways and Means Committee, is term-limited this year. Get Battleground Briefing, our FREE politics newsletter, delivered to your inbox: Sign up here. Tips or links? Send here. Follow along on Twitter: @JPelzer
6 points by The Plain Dealer | Republican National Committee Republican Party Ohio Wells Fargo Sherrod Brown United States Senate Ohio Republicans John Boehner
Elizabeth Warren laid the smackdown on Wells Fargo CEO
"You should resign," the senator told the CEO.       
14139 points by USA Today | Termination of employment United States Senate Wells Fargo Senate English-language films Resignation Shady Wall John Stumpf
‘You should resign,’ Elizabeth Warren tells Wells Fargo CEO
The most anticipated face-off of Tuesday’s Senate Banking Committee hearing did not disappoint: Democratic firebrand Sen. Elizabeth Warren grilled Wells Fargo CEO John Stumpf in a blistering exchange where she accused him of “gutless leadership.”
17 points by Las Vegas Review-Journal | Wells Fargo Question Termination of employment Bank Sentence U.S. Securities and Exchange Commission Bank of America Interrogative word
More than a decade later, and it's still about Jen
The most important stories of the day. That's all. #TheShortList       
-1 points by USA Today | Domestic violence Violence Police Kellogg Company Wells Fargo
Wells Fargo CEO apologizes; senators heap criticism on bank
WASHINGTON — The CEO of Wells Fargo faced accusations of fraud and calls for his resignation today from harshly critical senators at a hearing over allegations that bank employees opened millions of accounts customers didn’t know about to meet aggressive sales quotas.
55 points by Pittsburgh Post-Gazette | Bank Wells Fargo Retail banking Cheque Banking Bob Corker Money United States Senate
Cops: Man hit by car tried to rob driver in bank parking lot

520 points by The Philadelphia Inquirer | English-language films Automobile Wells Fargo American films Crime Transport The Driver
Wells Fargo CEO kind of apologizes to customers
CEO John Stumpf says sorry to Congress but vows scandal wasn't an 'orchestrated' scheme.         
-1 points by Arizona Republic | Wells Fargo Bob Corker John Stumpf Sherrod Brown
Illegal Activity at Wells Fargo May Have Begun Earlier, Chief Says
The executive, John Stumpf, told a Senate panel that the bank was investigating whether the opening of fake accounts went back as far as 2009 instead of 2011.
11278 points by The New York Times | Bob Corker United States Senate Bank Wells Fargo Termination of employment Management Senate Board of directors
Wells Fargo CEO John Stumpf is not any of these things
Wells Fargo updates: Elizabeth Warren rips into CEO's 'gutless leadership' Sept. 20, 2016, 11:59 a.m. Wells Fargo Chief Executive John Stumpf testified today before the Senate Banking Committee, which grilled him on the bank's admission that employees created some 2 million fake accounts to meet...
13 points by Los Angeles Times | United States Senate Wells Fargo Bank of America Credit score Credit
Are other banks committing Wells Fargo's sin? Regulator is checking
Wells Fargo updates: Elizabeth Warren rips into CEO's 'gutless leadership' Sept. 20, 2016, 11:59 a.m. Wells Fargo Chief Executive John Stumpf testified today before the Senate Banking Committee, which grilled him on the bank's admission that employees created some 2 million fake accounts to meet...
37 points by Los Angeles Times | Wells Fargo Sherrod Brown United States Senate Los Angeles Class action Bank United States Senate Committee on Banking Housing and Urban Affairs Sentence