New York, May 2 (RHC)-- In the United States, Wall Street financial giant Wells Fargo is expected to be hit with a $1 billion fine imposed by federal regulators accusing the bank of forcing people to buy auto insurance policies they didn’t need, for improperly charging mortgage holders and for other financial crimes.
Despite being hit by a series of high-profile scandals and fines in recent years, Wells Fargo continues to reap billions of dollars a year in profits -- reporting $5.9 billion in earnings in the first three months of this year alone.
Wells Fargo hit with $1 billion fine over financial crimes
Facebook
Twitter
Pinterest
Telegram
Linkedin
WhatsApp
Related Articles
Commentaries
MAKE A COMMENT
All fields required
More Views
- Brazil announces Cuba, Bolivia and seven other countries as members of the BRICS group
- The world celebrates the decision of the United States on Cuba and demands an end to the blockade
- Statement of Cuban Foreign Ministry on removing island from State Department list of countries sponsoring terrorism
- ExxonMobil countersues California attorney general and environmentalists over plastic pollution claims
- Cuba formally joins South Africa's lawsuit against Israel for genocide in Palestine
