Wells Fargo reportedly altered customer docs; exec retires - InfoNews

Current Conditions

Mostly Cloudy
-2.9°C

Wells Fargo reportedly altered customer docs; exec retires

May 17, 2018 - 10:57 AM

NEW YORK - Wells Fargo employees in its wholesale banking business allegedly improperly altered information on documents related to corporate customers, The Wall Street Journal reports.

The bank is under multiple investigations, and recently was fined $1 billion by federal authorities for improper behaviour in its home and auto lending divisions.

The Journal cites anonymous sources.

The San Francisco bank said Thursday it cannot comment directly on regulatory matters but added that it takes swift action to correct any violations of its values.

Separately, Wells Fargo announced the retirement of Ed Blakey, a 34-year company veteran and head of its commercial capital business. The commercial banking unit is part of Wells Fargo's wholesale banking group, which serves medium-sized businesses.

News from © The Associated Press, 2018
The Associated Press

  • Popular kamloops News
  • Comments
  • Woman locked in Vernon cemetery turns to social media to get out
    VERNON - While cemeteries can usually sombre places for quiet relaxation, they're certainly not somewhere you'd want to spend a night. Unfortunately for Melanie Mae, that's a prospect
  • Kamloops police seeking child and guardian
    KAMLOOPS - A boy and his aunt have not checked in for two days, and now RCMP are requesting the aunt make contact. Kamloops RCMP received a report to check the well being of a six-year-old b
  • That flu you have may not be the flu
    PENTICTON - So, you went to the trouble to get a flu shot this year, but you ended up spending a week on the couch with body aches, chills, a cough, sore throat and congestion anyway? Cheer
  • South Okanagan man gets letter from prisoner who shot him and left him for dead
    PENTICTON - When Ronald Teneycke one of the South Okanagan's most notorius prolific offenders, was declared a dangerous offender after months of court proceedings last March,Teneycke's las
  • One man dead after shooting in Cache Creek
    CACHE CREEK - RCMP are investigating a shooting in a Cache Creek home that has left a man dead. Police responded to a 911 call at a home in the 1000 block of Collins Road in Cache Creek at a
View Site in: Desktop | Mobile