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Wells Fargo's sales culture and cross-selling strategy, and their impact on customers, were documented by the Wall Street Journal as early as 2011. [5] In 2013, a Los Angeles Times investigation revealed intense pressure on bank managers and individual bankers to produce sales against extremely aggressive and even mathematically impossible [7] quotas. [8]
Explore the top CD rates today to maximize your savings. ... The top APY on any term of CD is currently 5.51 percent, offered on a one-year term. ... Wells Fargo: Wells Fargo offers a seven-month ...
Here's an overview of Wells Fargo's most notable scandals and missteps as CEO Tim Sloan testifies before the House Financial Services Committee.
A Dana Point couple got caught up in the Wells Fargo fake-account scandal. Years later, the bank still hadn't remedied things. Skip to main content. 24/7 Help. For premium support please call: 800 ...
[14] On the other hand, he says, bank accounts and CDs are fine for holding cash for a short amount of time. CD rates are correlated with the expected inflation at the time the CD is bought. The actual inflation may be lower or higher. Locking in the interest rate for a long term may be bad (if inflation goes up) or good (if inflation goes down).
[3] [4] The foreclosure crisis caused significant investor fear in the U.S. [5] A 2014 study published in the American Journal of Public Health linked the foreclosure crisis to an increase in suicide rates. [6] [7] One out of every 248 households in the United States received a foreclosure notice in September 2012, according to RealtyTrac. [8] [9]
(Reuters) -The former head of Wells Fargo's retail bank on Friday avoided prison time after pleading guilty to an obstruction charge related to the bank's sweeping fake-accounts scandal. Carrie ...
Somerset Trust Holding Company, doing business as Somerset Trust Company, is an American bank and financial services company headquartered in Somerset, Pennsylvania. As of December 31, 2016, the bank's assets are totaled at $1.1 billion. [ 1 ]