Pay will rise soon for 50K Wells Fargo workers, CEO says Wells Fargo plans to raise the pay for some of its lower-paid workers next month, in a move that would boost compensation for about 50,000 employees, the bank’s CEO told the Observer. The San Francisco-based bank is taking the step after raising the minimum wage for its lowest-paid employees over the past year. Starting this month, those workers will receive $15 per hour.(Charlotte Observer)
See a 20% rise in WFC in the near term i.e. to $60 and around. Care for animals............https://animalaidunlimited.org/
Various indicators and chart patterns, nothing complex or ultra advanced. Care for animals...............http://www.animalaidunlimited.org/
Wells Fargo to pay $2.1 billion for role in housing bubble Wells Fargo agreed Wednesday to pay a $2.1 billion fine to settle allegations it misrepresented the types of mortgages it sold to investors during the housing bubble and subsequent financial crisis. The amount is relatively smaller than the fines paid by Bank of America, Citigroup, Goldman Sachs and other big banks in the years following the financial crisis to settle similar allegations. Wells Fargo is one of the last remaining big banks to settle charges related to its role in the subprime mortgage crisis. (Baltimore Sun)
Wells Fargo says mistake contributed to hundreds of foreclosures Wells Fargo says a company mistake contributed to hundreds of foreclosures because it miscalculated customers’ eligibility for mortgage modifications. The bank said in a filing Friday the error caused about 625 customers to be denied, or not offered, loan modifications they otherwise qualified for. Foreclosures were completed in about 400 of the cases. The customers had been using federal programs that helped families at risk of losing homes. Spokesman Tom Goyda says there’s no breakdown of where the foreclosures occurred. (CBS Denver)
Wells Fargo team managing $170 million moves to Stifel A team managing $170 million in assets at Wells Fargo Advisors has joined Stifel Nicolaus. Mark Graham will open an office for the firm in Spokane, Wash., and his partner, Brian Bissell, will work from Pasadena, Calif. (Investment News)