Independent news has never been so important.

Get Democracy Now! delivered to your inbox every day! Don't worry, we won't share or sell your information.

Wells Fargo to Be Hit with $1 Billion Fine over Financial Crimes

HeadlineApr 20, 2018

Wall Street giant Wells Fargo is expected to be hit with a $1 billion fine imposed by federal regulators accusing the bank of forcing people to buy auto insurance policies they didn’t need, for improperly charging mortgage holders and for other financial crimes. Despite being hit by a series of high-profile scandals and fines in recent years, Wells Fargo continues to reap billions of dollars a year in profits—reporting $5.9 billion in earnings in the first three months of this year alone.

The original content of this program is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License. Please attribute legal copies of this work to democracynow.org. Some of the work(s) that this program incorporates, however, may be separately licensed. For further information or additional permissions, contact us.

Non-commercial news needs your support

We rely on contributions from our viewers and listeners to do our work.
Please do your part today.
Make a donation
Top