Tag: fargo
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Wells Fargo chief Stumpf heads to Hill with pressure mounting
Wells Fargo & Co's Chief Executive John Stumpf returns to Capitol Hill on Thursday with his job still under threat and the bank facing rising political pressure over a sales scandal that has become a major issue in Washington and on Wall Street. The bank's move earlier this week to claw back $41 million in…
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Yahoo says hackers stole data from 500 million accounts in 2014
The attack on Yahoo was unprecedented in size, more than triple other large attacks on sites such as eBay Inc , and it comes to light at a difficult time for Yahoo. Chief Executive Officer Marissa Mayer is under pressure to shore up the flagging fortunes of the site founded in 1994, and the company…
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Wells Fargo faces proposed class action over bogus accounts
Wells Fargo & Co, embroiled in a scandal over the opening of sham accounts, was sued on Friday by customers who accused the bank of fraud and recklessness for its behavior. The lawsuit was filed in the U.S. District Court in Utah, and seeks class-action status on behalf of hundreds of thousands of customers nationwide.