Lewis: Wells Fargo so big its suing itself

Bank of America has traded below book value since 2009, while New York-based Citigroup has done so since 2010, according to data compiled by Bloomberg. after posting record profit for 2011. Wells.

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The big yellow letters. “Wall Street and its allies like to argue that there is too much oversight of the financial sector right now. Tell that to a Wells Fargo customer.” Also last week, Wells was.

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For a general overview of the activities of the current company see the main entry under Wells Fargo. This article outlines the history of Wells Fargo & Company from its origins to. In 1987, Wells Fargo set aside large reserves to cover potential losses on its Latin American loans, most notably to Brazil and Mexico. This.

Following the mergers, the company transferred its headquarters to Wells Fargo’s headquarters in San Francisco and merged its operating subsidiary with Wells Fargo’s operating subsidiary in Sioux Falls. Along with JPMorgan Chase, Bank of America, and Citigroup, Wells Fargo is one of the "Big Four Banks" of the United States.

Nathanael June 27, 2014 at 12:49 pm. Courts should refer to previous punitive damage awards when assigning punitive damages. As in, "it is clear that a $3 million punitive damage award was not enough to deter Wells Fargo from its behavior, so we will have to apply a $30 million punitive damage award."

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The Consumer Financial Protection Bureau’s $1 billion fine against Wells Fargo was a record, but it also set another. In fact, federal regulators did not specify how much Wells must refund its.

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WASHINGTON – Wells Fargo’s chief executive Timothy Sloan on Tuesday defended the mega bank against withering criticism from lawmakers that it has not done enough to reform itself since. households.