Wells Fargo scandals spur doubts about $33B payday for investors

Wells Fargo scandals spur doubts about $33B payday for investors

03 Dec Wells Fargo scandals spur doubts about $33B payday for investors

Wells Fargo lies to go back more money to investors through dividends and stock buybacks than almost all of the biggest rivals, offered three years of headline-making scandals aren’t getting in exactly just how.

The stress tests, began this year even though the U.S. worked to prevent a repeat about the 2008 financial that spurred taxpayer this is certainly massive, give you the Fed the authority to block re re re payments from creditors that don’t satisfy requirements for minimal cash quantities and interior oversight through the very last duration related to anxiety tests, whoever email address details are due this week.

That could show an barrier for Wells, including paid a large amount of dollars in fines after complaints that its workers developed millions of phony customer accounts, offered some auto-loan customers insurance plan they failed to need, and home that is overcharged borrowers, analysts state. Continue reading “Wells Fargo scandals spur doubts about $33B payday for investors”