October 23, 2024
The Second Circuit on Wednesday approved an early win for Wells Fargo in a lawsuit brought by Commerzbank AG alleging it lost $100 million investing in residential mortgage-backed securities, saying the German lender didn't have standing to sue.
May 16, 2023
Wells Fargo may have agreed to pay a whopping $1 billion in cash to resolve investor claims that it overstated its progress in fixing internal controls and compliance problems, but the scandal-plagued bank still faces a mountain of ongoing regulatory investigations and litigation.