Wells Fargo

Wells Fargo

Wells Fargo Is Hiring Ken Griffin's Former Employees And Taking Over Citadel's Investment Banking Business

By Courtney Comstock Citadel Securities’s former investment banking co-head Brian Maier and about 2 dozen others went to Wells Fargo after Ken Griffin gave up his dreams of running the investment bank. The fixed income guys might be going to SocGen. Wells Fargo CEO John Stumpf is said to be trying to ...Read More

Wells Fargo Agrees to Pay $590 Million To Settle Class-Action Lawsuit

By Jake Bernstein On Friday, Wells Fargo disclosed that it had agreed to pay $590 million to settle class-action lawsuits brought by investors concerning bonds sold by Wachovia, which Wells Fargo acquired in October 2008. Among the claims in the suits: That Wachovia misrepresented the quality of a mortgage portfolio it bought ...Read More
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