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in the last 3 days
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2 days ago
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3 other outlets reported this story in the last 3 days.
Context from Wikipedia on the organisations, people and places in this story.
American multinational banking and financial services company
Wells Fargo & Company is an American multinational financial services company. The company operates in 35 countries and serves more than 70 million customers worldwide. It is a systemically important financial institution according to the Financial Stability Board, and is considered one of the Big Four banks in the United States, alongside JPMorgan Chase, Bank of America, and Citigroup.
More on Wikipedia ↗Each unit grants the right to one common share at a reported $80.25 per unit. Deferred compensation is payable in a lump sum or elected installments.
Wells Fargo (WFC) is facing an investigation by the Department of Housing and Urban Development over allegedly violating fair lending laws by favoring Black or other minority homeownership, The Wall Street Journal reported.
The Wells Fargo regulator probe story, tied to its Black-homeownership lending pledge, is real market news - but the detail matters.