Pimco sues wells fargo, claims MBS trustee ‘looted’ trusts to pay legal fees. supposed to protect to indemnify itself and to finance its actual and expected defense costs," the complaint.

The announcement by Wells Fargo came after Citigroup reached an agreement with banking regulators early in the day to exit the government’s bailout program, making it the last of the big Wall Street .

Lewis: Wells Fargo so big its suing itself wells fargo officials decline to talk now about their banking procedures or controls.. through the system, although the check was written against a fictitious deposit itself.. In its suit the bank named as defendants muhammad ali.. was not named in the lawsuit; Mr. Marshall and Mr. Lewis are defendants.

Eliminating History, It Doesn’t End Well On this day in 1916, British Commander in Chief sir douglas haig calls a halt to his army’s offensive near the Somme River in northwestern France, ending the epic Battle of the Somme after more.

Being a taxpayer-subsidized, too-big-to-fail institution, it’s possible that one of the few ways for Wells Fargo & Co. (WFC) to know what it is doing is to notify itself with a court filing. ("Wells Fargo Bank Sues Itself") As your attorney, I advise you to buy lots of Wells Fargo stock.

Wells Fargo Sues Wells Fargo? Fox News Interviews Al Lewis of Dow Jones about it. You can’t expect a bank that is dumb enough to sue itself to know why it is suing itself. Yet I could not resist asking Wells Fargo Bank NA why it filed a civil complaint against itself in a mortgage foreclosure case in Hillsborough County, Fla.

Wells Fargo. its corporate governance to address what Fed officials called “widespread consumer abuses and other compliance breakdowns.” The action came after a year of new revelations, many of.

In the last few years, a bunch of Wells Fargo employees committed serious. (The DoJ is the agency that matters here, since the CPFD itself doesn’t have the power to launch criminal investigations,

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(Reuters) – The U.S. government filed a civil mortgage fraud lawsuit on Tuesday against Wells Fargo & Co, the latest legal volley against big banks for their lending during the housing boom.

Last fall you could almost feel the shudder passing through boardrooms. A federal judge in California refused to dismiss lawsuits against 15 present and former directors of Wells Fargo & Co. over its massive fake-account scandal. "It is implausible the Director Defendants were unaware of the.