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NASDAQ 02/25/2020 15:15
In trading on Tuesday, shares of Wells Fargo & Co's Non-Cumulative Perpetual Class A Preferred Stock, Series W (Symbol: WFC.PRW) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $1.425), with shares changing hands as low as $25.88 on the day.
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Wells Fargo has agreed to pay $3 billion to resolve civil and criminal investigations into its fake-accounts scandal, the Department of Justice has announced.
More from Mortgage Professional America: 02/25/2020 08:24
The damage train for Wells Fargo may keep rolling along,” said Erik Gerding, a law professor at the University of Colorado in Boulder.
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Banking Technology 02/25/2020 06:19
Wells Fargo has agreed to pay $3 billion to settle a long-lasting investigation into the fraudulent opening of millions of customer accounts.
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Compliance Report 02/25/2020 01:01
Such was the Wells Fargo cross-selling model.
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As a result, Wells Fargo collected millions of dollars in fees and interest to which Wells Fargo was not entitled, harmed the credit ratings of certain customers, and misused customers’ sensitive personal information, including customers’ means of identification.
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Seeking Alpha 02/24/2020 13:22
Wells Fargo Has a 15.9% Total Yield Since mid-December when Wells Fargo (WFC) stock was at $54.37, I felt that WFC stock had likely peaked.
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Scandal-ridden Wells Fargo & Co. will pay $3 billion to settle federal investigations into more than a decade of widespread consumer abuses under a deal that lets the bank avoid criminal charges.
More from St. Louis Post Dispatch (United States): 02/24/2020 08:23
In a statement, Wells Fargo CEO Charlie Scharf said that “the conduct at the core of today’s settlements — and the past culture that gave rise to it — are reprehensible and wholly inconsistent with the values on which Wells Fargo was ...
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Democrats blast Wells Fargo’s $3 billion fine.
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