Latest Wells Fargo Headlines
All the headlines from our Wells Fargo Topic Page, ordered by recency.
Wells Fargo Agrees to Pay $2.09B to Settle U.S. Probe into Mortgage Sales Abuses
Aug 3 2018 // Ten years after faulty mortgages upended the global financial system, Wells Fargo & Co. agreed to pay $2.09 billion to settle a U.S. probe into its creation and sale of loans that contributed to the disaster. The...
Wells Fargo Begins Refunds of Add-On Product Fees
Jul 20 2018 // Wells Fargo & Co. is issuing refunds for monthly fees it charged on so-called add-on products that customers may not have fully understood. “We are reviewing add-on products sold to consumers by the bank or its...
Wells Fargo Gets OK on $142M Settlement with Customers Over Phony Accounts
Jun 18 2018 // Wells Fargo & Co. said on Friday it received final approval from a district court in California to settle a $142 million class-action lawsuit, which compensates customers affected by a sales scandal related to phony...
H.W. Kaufman Group Hires Wells Fargo’s Hunegs as Corporate VP
May 29 2018 // H.W. Kaufman Group has added Josh Hunegs as a corporate vice president at its headquarters in Detroit/Farmington Hills, Michigan. Hunegs will work on a variety of financial and corporate opportunities, including...
Wells Fargo to Pay $480M to Settle Investors’ Suit Over Fake Accounts
May 7 2018 // Wells Fargo & Co. agreed to pay $480 million to settle a class-action lawsuit in which investors accused the bank of securities fraud related to its fake-account scandal. The settlement resolves the main class-action...
Wells Fargo to Pay $1 Billion Fine for Mortgage, Insurance Sales Abuses
Apr 23 2018 // Wells Fargo & Co. will pay $1 billion to settle with U.S. regulators who say the bank wrongly layered insurance on hundreds of thousands of drivers and routinely hit homebuyers with excessive fees, officials said on...
Wells Fargo’s Brogan Named Central Region Exec for QBE North America
Apr 13 2018 // QBE North America has hired Kevin Brogan as regional executive – Central Region, accountable for the region’s profitable growth across QBE’s specialized insurance business portfolio, as well as the...
Wells Fargo Facing Possible Record Fine for Insurance, Mortgage Sales Abuses
Apr 10 2018 // The top U.S. watchdog for consumer finance is seeking a record fine against Wells Fargo & Co that could exceed several hundred million dollars for auto insurance and mortgage lending abuses, according to three sources...
Judge Denies Wells Fargo Bid to Dodge Shareholder Lawsuit
Feb 28 2018 // A federal judge denied Wells Fargo & Co.’s request to dismiss a shareholder lawsuit triggered by the bank’s plummeting stock price after it admitted in 2016 to creating millions of fake accounts, starting...
Judge Allows Philadelphia’s Suit Claiming Unfair Lending by Wells Fargo
Jan 17 2018 // A federal judge in Philadelphia on Tuesday rejected Wells Fargo & Co.’s bid to dismiss that city’s lawsuit accusing the largest U.S. mortgage lender of predatory lending targeting black and Hispanic...
Top Insurance Journal National Stories of 2017
Dec 29 2017 // It wouldn’t feel right to close out the year without looking back at the most popular stories on Insurance Journal during the past 12 months. Here are the national stories that attracted the most readers in 2017,...
Business Moves
Dec 18 2017 // USI, Wells Fargo USI Insurance Services announced the closing on its acquisition of Wells Fargo Insurance Services USA, formerly part of Wells Fargo & Co. This purchase includes the commercial insurance brokerage and...
Wells Fargo Facing Insurance License Discipline in California
Dec 18 2017 // Wells Fargo was served with an accusation in December by the California Department of Insurance seeking to suspend or revoke its licenses for alleged improper insurance sales practices related to the company’s online...
Wells Fargo Sued by Navajo Nation for Alleged Predatory Tactics
Dec 14 2017 // The Navajo Nation announced that it’s suing Wells Fargo for allegedly engaging in predatory and unlawful banking practices that targeted and harmed tribal members. In a statement, Navajo Nation President Russell...
Wells Fargo Facing Insurance License Discipline in California
Dec 6 2017 // Wells Fargo was served with an accusation by the California Department of Insurance seeking to suspend or revoke its licenses for alleged improper insurance sales practices related to the company’s online insurance...
Former Wells Fargo Insurance Exec Jennings to Lead Lockton in the Southeast
Dec 6 2017 // Lockton’s Southeast team has appointed Cheryl Jennings as the new Southeast Commercial Insurance Department (CID) practice leader. Jennings joins Lockton after a 35-year career with Marsh, Chubb, Hartford and most...
USI Completes Acquisition of Wells Fargo Commercial Insurance Business
Dec 4 2017 // USI Insurance Services announced the closing on its acquisition of Wells Fargo Insurance Services USA (WFIS), formerly part of Wells Fargo & Co. This purchase includes the commercial insurance brokerage and consulting,...
Business Moves
Dec 4 2017 // Hub, Wells Fargo Global insurance broker Hub International Ltd. has agreed to acquire the assets of the crop insurance broker business of Wells Fargo Insurance. Terms of the agreement to buy the business, known as Wells...
Wells Fargo Closing Down Its Personal Insurance Business
Nov 28 2017 // Wells Fargo & Co. announced it is exiting the personal insurance business and will immediately begin winding down its marketing. The company said the exit process should be completed during the first quarter of 2018....
Hub to Buy Wells Fargo Crop Insurance Broker Business
Nov 9 2017 // Global insurance broker Hub International Limited (Hub) has agreed to acquire the assets of the crop insurance broker business of Wells Fargo Insurance. Terms of the agreement to buy the business, known as Wells Fargo Crop...
