Wells Fargo Forgets First Rule Of Sales: Know Your Product

Wells Fargo Is A Little Sorry That It Sold Securities It Knew Nothing About Mark Levine, Deal Breaker Don’t do this: One particular municipal entity had been a customer of Wells Fargo, or a predecessor, since at least 1988. This customer’s investment objectives were safety of principal and income. … Wells Fargo’s internal records for […]

Sick Girl Dies Thanks To Wells Fargo

Fires Employee Two Days Before Daughter’s Cancer Surgery Steve Dibert, MFI-Miami It looks like Wells Fargo is responsible for another person’s death.  You may recall that several months ago, they drove a California man to suicide by jerking him around during a foreclosure proceeding that was the fault of Wells Fargo. Now, Wells Fargo fires […]

What Would Jesus Do with Bankers?

Anthony Freda/Daniel Zollinger What Would Jesus – Or the Rabbis of Old – Do? Barry Ritholz, The Big Picture Preface:  If you are an atheist and believe that religion is crazy, please remember that some 85% of the American population identifies itself as Christian and millions more identify themselves as Jewish.  Very few Americans are atheists … and the […]

Rudy Ruettiger Blames Housing Crisis For Securities Fraud Charges

He Agreed To Pay $382,866 to resolve the charges Nathan Vardi, Forbes For years, Daniel Ruettiger, the former Notre Dame walk-on whose story inspired the movie “Rudy,” carefully crafted his image as a regular guy who achieved glory through integrity and hard work. That image was shattered last year when securities regulators claimed he cut corners […]

Wells Fargo Pisses Off Wrong Customer

Dick Bove Blasts Wells Fargo In Analyst Note, ‘Does Service Mean Anything?’ Catherine New, Huffington Post Wells Fargo pissed off the wrong customer. Earlier this week, Richard X. ‘Dick’ Bove, a well-known banking analyst, blasted the bank in a research note entitled “Does Service Mean Anything?” According to Bove, 71, Wells Fargo royally botched his […]

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