- Reuters•15 hours ago
U.S. insurer Prudential Financial (PRU.N) is investigating whether Wells Fargo (WFC.N) employees signed up customers for its life insurance policies without their knowledge, a spokesman said on Saturday. Prudential has a partnership with Wells Fargo to sell a low-cost life insurance policy, known as MyTerm, to the bank's retail customers. According to a wrongful termination suit filed in New Jersey state court this week by three former managers in Prudential's corporate investigation division, Wells Fargo employees appear to have signed up bank customers for the Prudential policies without the customers' knowledge or permission.
Prudential Financial Inc. was accused of covering up fraudulent sales of life insurance policies through Wells Fargo & Co. to low-income customers with Hispanic last names.
- American City Business Journals•yesterday
Wells Fargo has tapped four members of its board of directors for a special committee to lead an internal investigation into the fake accounts scandal, Reuters reported Friday. The bank has named Chairman Stephen Sanger, Vice Chairman Elizabeth Duke, Enrique Hernandez, who chairs the board’s risk committee, and Donald James, a director on the board’s finance and risk committee. Duke, a director since 2015, is a former member of the Federal Reserve Board of Governors.
WFC.MX : Summary for WELLS FARGO & CO. - Yahoo Finance
Wells Fargo & Company (WFC.MX)
Mexico - Mexico Delayed Price. Currency in MXN
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|Bid||1,020.00 x 2500|
|Ask||0.00 x 500|
|Day's Range||1,153.00 - 1,162.00|
|52 Week Range||829.10 - 1,184.00|
|PE Ratio (TTM)||288.34|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|