Lewis: Wells Fargo so big its suing itself

Wells Fargo has steadfastly denied that its. have so many deposits that they are banned from increasing their market share through acquisitions. So they all are scrambling to do more business with.

Wells Fargo Sues Wells Fargo? Fox News Interviews Al Lewis of Dow Jones about it. You can’t expect a bank that is dumb enough to sue itself to know why it is suing itself. Yet I could not resist asking Wells Fargo Bank NA why it filed a civil complaint against itself in a mortgage foreclosure case in Hillsborough County, Fla.

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"Can I sue my bank for breach of fiduciary duty" is a question we often hear. Many folks are quite surprised when they receive our answer. As a general rule, in most states banks do not owe a fiduciary duty to customers. There are exceptions, however.

The infuriating reason wells fargo Got Away With Its Massive Scam For So Long. It’s all about the fine print.. But Wells Fargo, like all big banks, has strict provisions in place to protect itself from ever being subjected to these kinds of lawsuits or any kind of public suit filed by a.

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Wells Fargo’s CEO Search Makes Its Annual Meeting ‘Less Relevant’ (Bloomberg) — Wells Fargo & Co.’s top managers and board members are set to face investors Tuesday, and the conspicuous absence of a CEO has damped expectations that the bank will say anything new about how to emerge from the shadow of customer-abuse scandals or revive a.

Why Is Wells Fargo In So Much Trouble?. This is a problem for wells fargo employees because its sales culture incentivized, in fact almost by the sounds of it, demanded that they constantly be.

Bitcoin Exchange Sues Wells Fargo Over Massive Wire Transfer Suspension (bitcoin.com) 79. Posted by EditorDavid on Sunday April 09, 2017 @03:39PM from the off-the-wire dept. An anonymous reader quotes this report. Wells Fargo Bank Sues Itself

Wells Fargo, for its part, is defending itself against the allegations. "While we’re very sympathetic to Mr. Gonzalez for his personal loss, his termination was unrelated to the allegations included in the lawsuit," said Bridget Braxton, a spokesperson for Wells Fargo, in a statement.

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