Former Wells Fargo employee from Union City sentenced in $800K embezzlement case
A former Union City bank employee was sentenced to 18 months in federal prison on Monday after he admitted to embezzling more than $800,000, prosecutors said.
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A former Union City bank employee was sentenced to 18 months in federal prison on Monday after he admitted to embezzling more than $800,000, prosecutors said.
Wells Fargo officials confirmed Tuesday plans to move the banking giant's corporate headquarters in San Francisco to another location in the city.
Wells Fargo fired over a dozen employees in May after investigating allegations that their keyboard activity was fake.
The Biden Administration eased some of the restrictions on S.F.-based banking giant Wells Fargo, saying the company has fixed its toxic culture following scandals.
With Veterans Day falling on a Saturday this year, some banks weren't open on Friday and others will be closed on Saturday in observance of the federal holiday that honors Americans who served in the military.
Customers with several big U.S. banks expressed frustration after their paychecks didn't show up in their accounts.
Customers took to social media to express concern and frustration after payments didn't up up in their accounts.
Investors claimed the bank hadn't been honest about its progress in fixing its problems following scandal involving sham accounts.
A former Wells Fargo Bank executive accused of overseeing a ruse that created millions of bogus customer accounts has agreed to plead guilty to criminal charges likely to send her prison for her role in the scandal.
Wells Fargo, the nation's largest mortgage lender, saw its second-quarter revenue and profit decline as rising interest rates pushed people out of the housing market.
