Daily Fintech Conversations

Wells Fargo Count of missteps

First it was the unethical sales practices:

“regulators fined Wells Fargo $185 million for creating approximately two million bank and credit-card accounts without customers’ consent. Soon after, eight former employees filed class-action lawsuits claiming workers faced termination if they refused to meet sales goals by creating those fraudulent accounts.” exceprt from http://www.forbes.com/sites/ryanwibberley/2016/10/16/could-the-return-of-glass-steagall-prevent-wells-fargo-style-debacles/#394d2619de15

Second, from Texas an HNW is calling on the Senate Banking and House Financial Services committees to broaden their investigations to include the activities of Wells Fargo Advisors! North Texas investor takes on Wells Fargo over $34.8 million trade that went bad

How many will it take? Three total? One more to go. Barron’s looked at trading activity and asked the right questions
Is Wells Fargo Stock a Value or a Value Trap?