Wells Fargo accused in long running sales quota abuse case
Former Wells Fargo employees claim the bank used undocumented immigrant targets to generate sales. They say staff recruited immigrants at locations including social security offices and construction sites to open accounts with waivers on fees and incentives. The suit notes a 15 year pattern tied to aggressive quotas and ongoing regulatory penalties. A motion to dismiss hearing is scheduled for Tuesday.
MENTIONED IN THIS ARTICLE
Wells Fargo
Mark Molumphy
Joseph Cotchett
San Francisco Chronicle
San Francisco
Banker to talk state economy at The Gazette event
Iowa Bankers Association head and Iowa Business Council treasurer John Sorensen will be the featured speaker at The Gazette May 11 Business Breakfast. He discusses Iowa’s improving signs, farm income decline, and potential federal policy impacts on banks and agriculture.
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Iowa
Iowa Bankers Association
Iowa Business Council
the Gazette
John Sorensen
Sorensen
Washington, D.C
Congress
Gazette Business Breakfast with John Sorensen in Cedar Rapids
John Sorensen, president and CEO of the Iowa Bankers Association and treasurer of the Iowa Business Council, will speak at the Gazette Business Breakfast. Networking runs 7 to 7 45 a.m. with a 7 45 to 9 a.m. program Thursday May 11 at the Cedar Rapids Public Library. Free tickets available at TheGazette com or by calling 319 398 8345.
MENTIONED IN THIS ARTICLE
John Sorensen
The
Iowa Bankers Association
Iowa Business Council
Gazette Business Breakfast
Cedar Rapids Public
Wall Street ends flat after health bill passage
Stocks closed little changed as the energy sector slumped while the House passed a Republican health care plan. The Dow fell 6.43 points to 20,951.47, the S&P 500 rose 1.39 to 2,389.52, and the Nasdaq added 2.79 to 6,075.34 amid mixed earnings and Fed hints. Exxon Mobil and Chevron declines weighed on the index.
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Wall Street
U.S. House of Representatives
House
Senate
Donald Trump
Exxon Mobil
Chevron
Federal Reserve
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Nelly
IRGO
Bloomberg
Wells Fargo and Co. Bank
New York
Gazette
Matthew Patane
Matthew. Patane
Thegazette
John
Cliff Jette
Iowa Chop House
Iowa City
Theatre
Cedar Rapids
Zach Parker
Brandi Barrett
Iowa State University
Kenton
Ohio
Trump
Rick Meckler
Liberty View Capital Management
Meckler
White House
House of Representatives
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