Financial ServicesIndustry News

From MarketWatch: Mortgage rates have risen, slowing down activity in the housing sector. Wells Fargo — along with many other companies — is trimming staff, in response to the grimmer economic outlook. “Real-estate values moderating in...

From Bisnow: Success! You are subscribed to the Bisnow San Francisco Newsletter. Continue reading Wells Fargo Puts Downtown SF Office Tower On Market For $160M on Bisnow Do you have a complaint about Wells Fargo, such as...

From CNBC: Wells Fargo CEO Charles Scharf said he is betting on "more significant rate hikes" as the Federal Reserve tries to rein in high inflation, and that the economy is not as prepared as...

From VentureBeat: It’s simple: In financial services, customer data offers the most relevant services and advice. But, oftentimes, people use different financial institutions based on their needs – their mortgage with one; their credit card...

From Law360: By Katryna Perera (June 28, 2022, 7:24 PM EDT) -- A Seattle resident who filed a class action suit accusing Wells Fargo and Zelle of failing to protect customers from scammers, who can...

From Bloomberg Law: The bankruptcy trustee liquidating the estate of Ponzi vehicle National Events Holdings sued Citibank, claiming that the banking giant helped the defunct ticket broker defraud its investors of about $70 million. National Events’...

From Law360: By Humberto J. Rocha (June 28, 2022, 7:06 PM BST) -- A judge dismissed a €10 billion ($10.5 billion) lawsuit on Tuesday filed by a money manager with purported ties to the United...

From Law360: Wells Fargo Clearing Services LLC asked a Missouri federal court to decertify a nationwide collective of wealth advisers who say they were compelled to perform off-clock work without adequate pay, arguing... Continue...