California freezes business with Wells Fargo over massive client fraud

Business Sep 29, 2016

California freezes business with Wells Fargo over massive client fraud

California State Treasurer John Chiang on Wednesday announced a sweeping suspension of business relationships with Wells Fargo & Co. as punishment for the company's defrauding of customers. In addition, Chiang vowed to work with the state's two giant public pension funds to change the management ...

U.S. House panel plans hearing on Wells Fargo accounts scam

Business Sep 23, 2016

U.S. House panel plans hearing on Wells Fargo accounts scam

The House of Representatives Financial Services committee plans to hold a hearing into Wells Fargo & Co. next week over a scandal at the bank involving as many as 2 million fake accounts that thousands of employees set up in customers' names. The hearing, which ...