New York, May 2 (RHC)-- In the United States, Wall Street financial 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.
Wells Fargo hit with $1 billion fine over financial crimes
Related Articles
Commentaries
MAKE A COMMENT
All fields requiredMore Views
- Cuba explores technique to reduce vector population
- UN warns that nearly 55 million face hunger in West and Central Africa
- Artificial intelligence platform is developed in Cuba
- FAO assists Cuba in forest protection
- Extradition of Julian Assange edges closer as U.S. claims it will respect his human rights