The settlement with the Justice Department and Securities and Exchange Commission, years in the making, resolves Wells Fargo's criminal and civil liabilities for the fake-accounts scandal that erupted nearly four years ago. The deal does not, however, remove the threat of prosecution against current and former Wells Fargo employees.
Not out of the penalty box yetThe agreement removes a major cloud that has been hovering above Wells Fargo for years and shows the emphasis by the bank's new management to move past the scandals. Charlie Scharf, the well-respected former CEO of Visa and Bank of New York Mellon , was hired last year to get the tarnished bank back on track.But Wells Fargo's legal troubles are far from over.
3 billion isn't a lot and not much of a deterrent for a mega bank like Wells Fargo.
What happened to Wells FARGO is what always happens to people who cheat the poor. They think they are winning but they are losing. Don’t envy the wicked!
Money doesn’t affect CEO actions, but jail would. Why not jail them?
They push the price of Silver with ETFs back and buy self physical silver when its time they push it up , what must Fargo pay for this games?
Wells Fargo did manipulated the silver price , what must they pay for this ? Nothing 🤣🤣😂😂😂🤣🤣🤣😂😂😂
This bank is 10X more fraudulent nd criminal using US Dollars than the entire market capitalization of all cryptoasset and DLT projects. Distributed Ledger Technology provides more accountability for criminal behavior. Maybe why governments & criminals have resisited adoption.
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Fake accounts! Joke! Fake identities for laundered money! Amortization of assets fr. 2008 bailout. Shadow banking! RBC!
Good morning America.
I never had account will these guys, and did it affect my credits scores or social security information?
Comcast corporation has a abuse ways of over charging the consumers in many way . They need to be investigated as welll .
They also rape students with high interest rates on loans. Sad
So how much will the Trump Organisation be fined?
$3,000.000,000 in additional writeoffs. Why does government get the money rather the people they hurt.
Let's call it a scandal
The pot calling out the kettle
🖖🤝
Fact: Arbitration is what made this situation much worse!!! Arbitration is fraud!
Corruption happens at all levels in all countries, greed the curse of this world.
Nomi most of the CNN tweets I pay no attention to all the fake things they have said about our president Leo inwas listening to a news program they were saying that it was Obama that hes the reason the economy is doing so well
Great job USGovernment with assessing such a hefty fine to WellsFargo — maybe this will inspire them to become more ethical in the way they do business!! BreakingNews finance bankingindustry🏦
So how much profit did they make, maybe the fine is just a cost of doing business? Poor little bank.
cia fbi BarackObama Thank you all for letting everyone in my family and more use the Cinderella diorder to steal a loto jackpot from me. My kids were also hidden from me using said money and hypnosis by my family. And now they are dead. murdered
TheYoungTurks KyleKulinski jimmy_dore justicedems infowars HumanistReport hasanminhaj DNC TheDemocrats SamSeder krystalball RealTimBlack Newt Gingrich attacks Bernie Sanders campaign. The republican is shitting in their pants right now
Wonder why you're not covering this?
Nothing else broke in 19 hours?
Wth
But the money doesn’t go to the victims
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Scandal ? No this is a crime and the individuals responsible should be named not the company . Somebody decided to create accounts for clients without their knowledge and others knew of this practice . So who is going to jail
Breaking news cnn is not trusted anymore it’s known as fake news whom treats white people like shit.... don lemon pushes his racist news agenda and left radical ideas .... boycott cnn and Comcast let’s make them bankrupt
Is that the smell of pardon in the air?
...and in other news OrangeFace barkingcarnivalclown pardons Wells Fargo bank claiming, “they were totally framed” & that “it’s another Dem conspiracy”
In
Republicans and establishment Dem’s, let these banks , roll back regulations, and steal from the people. Go. Bernie🕊
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Nakoko Hishiyama, a Japanese civic activist in Zandarq, believes it is not fair to change the Abe administration's constitution while leading the civil movement as Japan Zandarq. The failure of South Korea and Japanese relations with Mizugi and policy.
In the U.S., Florida, the sex offender registration system is effectively managed by the Predator Regulation. Detective Jon Grub, a visiting team, said that sex offenders voluntarily enforce law and order.
This scandal sounds like fraud. Perhaps some jail time and breaking up the company would be appropriate.
Like they cant just create some more fake accounts to pay for it!?!
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Japan has done well in managing disasters, but is the lowest in the world in managing infections. As such, hosting the Tokyo Olympics poses a great danger to the lives of people around the world. Therefore, we have to cancel the Tokyo Olympics.
CNN I WONT BE SURPRISED IF YOUR NETWORK GETS HACKED JUST BECAUSE OF ALL YOUR LIES ABOUT PRESIDENT TRUMP START TELLING THE TRUTH ABOUT PRESIDENT TRUMP UNDERGROUND WARRIORS USA GO TRUMP HERE WE GO
I've paid $10.00 a month for 10 years to have this account, been to the Philippines for 8 yrs, gave $50.00 per transaction while in ph, yet Wells Fargo calls me the fraudster for buying things from amazon without permission!!! Fuck You Wells Fargo!!!
Wells Fargo, Kenedy, TX,,, 'You can make deposits into your account, but you do not have permission to spend it anyway you want, if you refuse to call us and get permission, you will be reported for fraud, turned into the FBI or you could go to jail
America is as corrupt as any of the worst counties in the world.
Baby World Emergency News South Korea has 229 coronavirus infections per day. A total of 433 people are fast becoming infected, and they are expected to overtake Japan soon.
Iran coronavirus killed four people. Kuwait has banned Iranians from entering the country.
South korea corona virus cohort isolation
realDonaldTrump signed a secret document with MBuhari. Is it so that realDonaldTrump would convince the world to keep mute while Fulanis/Northerners/Muslims carry out a silent jihad on the Southerners/Easterners/Christians in Nigeria?
Bany World News After leaving the Japanese ghost ship Diamond Prince Crise, the two Australians were tested positive for the coronavirus. This is a fatal error in the Japanese prosecutor's office. Japan's poor infection test is unreliable.
Baby World News The Japanese ghost ship Diamond Prince Cruse was disembarked and the Israelis were infected with the coron Japan's poor infection test is unreliable. Therefore, we have to cancel the Tokyo Olympics.
Baby World News Out of his mind, Trump is attacking the South Korea for not receiving the Academy Award. The parasite movie is the best movie in the world. CNN also said Trump's inability to recognize diversity is a lunatic old man.
No problem. Just go print up an extra 3 billion or create it on a computer for you to pay the fine.
Baby World News Officials dispatched to the Cruse line in Japan returned to work without coronavirus testing. Something extraordinary happened. laziness in the Japanese quarantine system
Baby World News An Italian man in his seventies died of a coronal virus infection. This is the second death in Europe.
Baby world news Four South Korean soldiers were infected with the coronavirus. The South Korean military has decided to take full control of vacations, outings, visits and outings.
That's what's up
Jail time?
Whoa fella lol
Which they will just get back from us in more fees and penalties. Less interest in savings and other accounts.
Ok who’s in favor of reducing banking regulations? It’s a fair question unless fairness is not a part of your political agenda. Sometimes honest companies need verification. Sort of like “Trust but Verify” Now there I go again......😀
_iam_007 hand me the bazooka
Bank of America is part of this too
They should change the name to Oh Well Fargo....oh well we screwed you, oh well we pay a small fine, oh well the government gets money and no one else, oh well the government will bail wells Fargo out again.....smh🙄
World Emergency News Today Coronavirus 142 additional South Koreans confirmed a total of 346 people
Shit I need them to erase my student loan
I've been saying they are scam artist since they lied about refinancing back in 2007
So the US Government sues basically the 'Federal Reserve' which controls currency and funds all the banks including the US Government! BUT somehow the Federal reserve isn't part of the US Government? So who then is the Federal Reserve? I bet it's Russia! seanhannity
Wells Fargo is a company of sociopaths.
🤣 Good! Just closed my account with them today!!!
So the fine is less that their profits were last quarter. The Victims get nothing. Half of the fine will be handed back to shareholders [ so the Executives who own the moat shares get a bonus ] and Well Fargo once again can go back to business as usual. Crime does pay..
They’re not worried. Just pass on the cost to the customers.
Good. Fuckers should have gone to jail too
Make sure you don’t report much on the Russian interference helping Socialist Sanders. When it’s Trump it’s 24/7 coverage
Watch out CNN, you could be next.
They should fine Trump for all his fake tax returns.
Probably Russian accounts supporting realDonaldTrump
Prison prison prison prison prison
MCostantino19 we really, really need to change banks.
Will they Pay a tenth of that?
Is that money going to the trump organization?
CNN Fake News it’s Russian . They did it!
Ha uh ha uh hahaaaaaaaaa
That should help pay Trump's tax cut. Or a couple of weekends back to Maralogo. Republicans hate that he spends so much. They just cant say anything. He's taken their freedom of speech. They cant Express how upset they are with his spending. Its funny to me.
Build the wall!
Where does this money go to?
So wait, Wells Fargo employees who got screwed over don’t get anything, but $500 million of the settlement goes to investors in the stock And you know who the largest investors are, the executives that did this and the Board of Directors!!! I think Bernie Sanders has a point.
Why is Wells Fargo even still in business?
MattEganCNN PLEASE check your copy before publishing: Authorities said Friday that the criminal investigation into false bank records and identify theft at.. SMDH.
It's about time. Wells Fargo has been getting away with things like this way too long now and they need to be held responsible!
My God close already!
Fabricating accounts, this is BIG!! You could argue if they’re worth the banking licence
Not good for Warren Buffett, not good...
God's judgement on the age of Greed is here. Plague, collapse, and conflagration. Great Babylon is shaking.
Forgive my student loans then!
Let me guess, it’s a tax write off, amirite?
Damn
That’s a massive fine. Will Wells Fargo pay up?
Where does this money go if ever paid?
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