Financial ServicesIndustry News

Wells Fargo CEO Charles Scharf: ‘Real-estate values moderating in the long term are a good thing’, says MarketWatch

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...

Bisnow on Wells Fargo: Wells Fargo Puts Downtown SF Office Tower On Market For $160M

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...

The economy still isn’t ready for the significant rate hikes ahead, Wells Fargo CEO says, according to CNBC

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...

Wells Fargo customers take note: Wells Fargo CIO: AI and machine learning will move financial services industry forward

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...

Take action against Wells Fargo: Wells Fargo Escapes Suit Over Alleged Zelle Scams, For Now

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...

Citibank Accused of Abetting National Events’ $70 Million Ponzi, warns Bloomberg Law

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’...

Citibank headlines: Citi Beats UN Fund Manager’s ‘Fanciful’ €10B Suit

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...

Take action against Wells Fargo: Wells Fargo Wants Wealth Advisers’ OT Action Decertified

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...

Latest news

AT&T Fails to Trim Lawsuit Challenging Its Pension Calculations, warns Bloomberg Law

From Bloomberg Law: AT&T Inc. workers challenging how their pensions are calculated can seek relief on behalf of the pension...

Chamber Views on 401(k) Fees Excluded from DISH Network Lawsuit, says Bloomberg Law

From Bloomberg Law: The US Chamber of Commerce suffered a setback in its recent push to curb litigation over 401(k)...

Latest Comcast customer news: Comcast’s Xfinity Stream app comes to Apple TV

From The Verge: Comcast’s Xfinity Stream app replaced the old Xfinity TV setup in 2017, allowing cable TV subscribers (who...