Wells Fargo was accused of investors in a class action lawsuit accused of selling products www49vv.com

Wells Fargo was accused of selling a class action lawsuit when investors Sina fund exposure platform: letter Phi lag behind false propaganda, the performance of long-term lower than similar products, how to buy funds pit? Click [I want to complain], Sina help you expose them! Wells Fargo fraud continues to ferment this week. Wells Fargo suffered a shareholder filed a class action lawsuit, accusing the Bank of misleading investors in terms of financial performance and sales success, and the need to disclose details of the event this month after the company’s share price plummeted 9%. Litigation initiator Robbins Geller & Dowd, on behalf of the February 26, 2014 to September 15, 2016 the line of stock buyers seeking class action lawsuit. Submitted to the federal court in San Francisco according to the complaint, Wells Fargo for several years in the fraud of cross selling financial products have been fooled investors, and the success of virtual mode. The United States Secretary of labor Thomas Peres said the same day, the labor department plans to Wells Fargo Bank to conduct a thorough review of all involved in labor disputes complaints to re check whether there are other internal wells in violation of labor law issues. Peres said: "given the seriousness of the current events and Wells Fargo requires us to other government agencies colleagues, I will command a labor department from top to bottom, a thorough examination of the labor law related matters wells." He also said that the Department of labor has set up a web page to facilitate Wells Fargo Bank’s current or former employees to report any violations of the bank. Wells Fargo has long been proud of its ability to sell multiple products to the same customer. According to reports, after the 2008 financial crisis, the bank quickly became the largest mortgage bank in the United States, the highest loan volume in the United states. At the end of the first quarter of this year, $1 trillion and 850 billion of Wells Fargo’s $947 billion of assets were loans, and loan losses were the lowest of all big banks. But the bank recently broke the scandal. Earlier this month, for some employees in the absence of customer knowledge to open up to 2 million accounts, in order to achieve the sales target, Wells Fargo agreed to pay $185 million settlement regulatory allegations. The U.S. Consumer Financial Protection Agency (CFPB) said, including Wells Fargo Bank fraud: false credit card account to the user; sending false mail, user registration online business; for they do not know forcing users to pay a surcharge credit card. Wells Fargo has 1 million 500 thousand accounts, 565 thousand credit cards are forged. The San Francisco based bank has said that 5300 people have been expelled from the above issues, and will be canceled from January 1st next year, the retail banking business objectives. From the recent survey activities, the bank is still far from the end of the trouble. In the retail banking business was on the occasion of the investigation, Wells Fargo board decided to cancel the CEO stumpff and retired consumer banking chief Troels Tedo $60 million stock awards, including Stumpf will lose $41 million of stock awards, as well as temporarily on相关的主题文章: