Tag Archives: Wells

Wells Fargo reform plans fail to satisfy Fed after scandals: sources

Business The Federal Reserve has rejected Wells Fargo & Co’s plans to prevent further consumer abuses and told the scandal-plagued lender it needs stronger checks on management, according to three people with knowledge of the discussions. A Wells Fargo logo is seen in New York City, U.S. January 10, 2017. REUTERS/Stephanie Keith 06 Dec 2018 07:10PM(Updated: 06 Dec 2018 07:16PM) ...

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Wells Fargo computer glitch blamed as hundreds lose their homes

Wells Fargo says a computer glitch is partly to blame for an error affecting an estimated 545 customers who lost their homes. The giant bank filed papers with the Securities and Exchange Commission last month, revealing it incorrectly denied 870 loan modification requests. About 60 percent of those homeowners went into foreclosure. Legislators, housing advocates, regulators and most importantly, the ...

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Oil & Gas Companys Thailand Wells Could Add Material Production [POE]

A Mackie Research Capital Corp. report provided an update on this firm’s wells in Thailand and Indonesia. In a Nov. 12 research note, Bill Newman, an analyst with Mackie Research Capital Corp., reported that Pan Orient Energy Corp.’s (POE:TSX.V) follow-up L53-DD2 appraisal well in Thailand encountered about 32 meters (32m) of net oil pay. L53-DD2, drilled to about 26m updip ...

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Oil & Gas Companys Thailand Wells Could Add Material Production [POE]

A Mackie Research Capital Corp. report provided an update on this firm’s wells in Thailand and Indonesia. In a Nov. 12 research note, Bill Newman, an analyst with Mackie Research Capital Corp., reported that Pan Orient Energy Corp.’s (POE:TSX.V) follow-up L53-DD2 appraisal well in Thailand encountered about 32 meters (32m) of net oil pay. L53-DD2, drilled to about 26m updip ...

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Wells Fargo fights to leave customers out of auto payout plan

WASHINGTON/NEW YORK (Reuters) – Wells Fargo & Co (WFC.N) is fighting to shut some customers out of a sweeping plan to compensate around 600,000 drivers it pushed into car insurance they did not need, according to court documents and a source familiar with the effort.    FILE PHOTO: Bank Teller Tyler Wong talks to a customer at the Wells Fargo bank ...

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Wells Fargo plans 1,000 U.S. job cuts

The sign at a Wells Fargo banking location is pictured in Pasadena, California, U.S., September 8, 2017. REUTERS/Mario Anzuoni (Reuters) – Wells Fargo & Co said on Thursday it notified about 1,000 employees in its Consumer Lending and Payments, Virtual Solutions and Innovations groups of plans to eliminate their positions. The layoffs are consistent with the bank’s previously announced plans ...

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