Good news in California: Wells Fargo will pay nearly US$57 million for a class action to those who meet three requirements
Wells Fargo has agreed to a $56.85 million settlement in a class action lawsuit claiming the bank inaccurately reported the status of certain mortgages in California during the pandemic.
Earnings Fall Short at Bank of America, Citi, JPMorgan and Wells Fargo
Major U.S. banks including Bank of America, Citigroup, JPMorgan Chase, and Wells Fargo reported disappointing earnings, falling short of analysts' expectations.