Wells Fargo Archives - Rethinking the Dollar

High Risk Banking: A Look At Globally Systemic Important Banks (G-SIBS)

Jan 9, 2023 | News

RTD News keeps you up to date on what’s happening around the globe. Thanks for watching this important update, High Risk Banking: A Look At Globally Systemically Important Banks (G-SIBS). Visit https://www.rethinkingthedollar.com/dollarcation/ for more...

Buffett’s Berkshire Slashes Wells Fargo Stake By 42%

Sep 4, 2020 | Economic Collapse

Two weeks after jaws dropped across Wall Street when the latest Berkshire 13F revealed that the Warren Buffett, now 90, had dumped his entire stake in Goldman and trimmed most of his other bank holdings (including cutting his Wells Fargo holdings by about a quarter)...

Banks Brace For A Historic Crash With Record Loss Provisions

Jul 14, 2020 | Economic Collapse

For many years after the financial crisis, US commercial banks were mocked when instead of generating earnings the old-fashioned way, by collecting the interest arbitrage on loans they had made, or even by front running the Fed with their prop (and flow) trading...

Wells Fargo paid more in criminal penalties than it paid in interest to its depositors

Feb 27, 2020 | Uncategorized

Last week Wells Fargo paid the largest fine yet for one of it’s many scandals– $3 billion. This time, the fine was for opening bank accounts under customers’ names without the customers’ knowledge or consent. Workers at Wells Fargo did this to boost their own sales...