New Wells Fargo Public Relations Campaign Blows Up In The Bank’s Face

New Wells Fargo Public Relations Campaign Blows Up In Their Face As Bank Fraud Scandals Continue To Plague The Bank


Wells Fargo Public Relations
Former Wells Fargo CEO John Stumpf crashed the Wells Fargo Stagecoach

A new multi-million dollar Wells Fargo public relations campaign is a bust. The new campaign featuring the slogan, “Established in 1952, reestablished in 2018″ is not installing confidence in the public. Wells Fargo deposit holders and investors continue to flee the bank due to the multiple bank fraud scandals.
The bank has been forced to pay billions of dollars in fines since 2016. The scandals are now having an effect on Wells Fargo’s earnings.
The bank has put forth efforts to move past its fake accounts scandal. However, the bank continued to announce new fines levied against it for yet more bank scandals.
In the first quarter, Wells Fargo confirmed that it was facing a $1 billion fine over its mortgage lending and auto insurance abuses. To no one’s surprise, this fine weighed heavily against the bank’s first-quarter earnings.
And now, the latest earnings report showed these scandals continued to weigh on the bank’s earnings in the second quarter this year.

Comments

Post a Comment

Popular posts from this blog

Amateur Home Flippers Get Harsh Wake Up Call

Image
Amateur Home Flippers Get Harsh Wake Up Call As They Learn As It’s Not As Easy As They Show On TV A new generation of amateur home flippers is getting caught with their pants down.  The last generation of amateur home flippers thought they could make millions after watching four or five episodes of  The Apprentice . These clueless and wannabe Donald Trumps made up nearly 50% of the foreclosures in Florida after the crash. This latest generation of amateur home flippers has emerged  thanks to HGTV . However, home flipping isn’t as easy as it appears on TV.  Prashant Gopal at Bloomberg reports: Many newbie investors are encountering their first slowdown and facing losses from houses that take too long to sell. Meanwhile, they face steep payments on a kind of high-interest debt—known as ‘hard money’ loans—that helped power the boom. Property flips made up 6.5% of U.S. sales in the fourth quarter of 2018.  Read more at MFI-Miami
Read more

Deutsche Bank Plans To Foreclose On Trump Real Estate

Image
  Deutsche Bank Plans To Foreclose On Trump Organization Properties If They Can’t Dump Trump’s $340 Million Debt Deutsche Bank plans to end the bank’s relationship with the Trump Organization and Donald Trump after the U.S. elections. The Trump Organization owes the bank about $340 million. The loans are against Trump’s golf course in Miami and hotels in Washington and Chicago. Deutsche Bank gave the Trump Organization loans that have Trump paying only interest on the loans so far. The entire principal is outstanding on two of the three loans. The loans come due in 2023 and 2024. The three loans against Trump’s properties and start coming due in two years. The loan payments are current on payments and personally guaranteed by the president. Read More At MFI-Miami
Read more

Is Mark Stopa Going To Prison? Inquiring Minds Want To Know!

Image
  The FDLE And FBI Are Wrapping Up Their Investigation Into Mark Stopa’s Alleged Equity Skimming Scheme. Is Mark Stopa Going To Prison? Rumors are running rampant in the Tampa/St. Petersburg area about Mark Stopa going to prison. MFI-Miami has learned from multiple sources that the criminal investigation into Mark Stopa’s alleged equity scam is wrapping up. So, the million-dollar question is, is Mark Stopa going to prison and for how long? No one is saying how long he could be going to prison. A jury will have to decide that. It also depends on what federal and state prosecutors put in the indictment(s). Yes, sources are also saying the indictments are coming sooner than later. We can expect to see them by the end of the year.  Read More At MFI-Miami
Read more