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ganggreen2003 Icon : (22 February 2015 - 04:46 PM) BREAKING NEWS: The New York JETS will be trading their #6 pick to Tampa Bay's #1 pick for a BAG of Shit and Darrelle Revis after he is signed in FA and sent back to Tampa Bay. - Source is Tom LaCanfora Glazer de la Menefee
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Jaguars expected to hire former Jets GM John Idzik as a consultant, per source.
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ganggreen2003 Icon : (25 February 2015 - 06:52 PM) AJ Hawk getting cut means that the Packers are going to try real hard to lock up Cobb
ganggreen2003 Icon : (25 February 2015 - 06:52 PM) and the Lions released oft injured Reggie Bush
Jetsfan0099 Icon : (25 February 2015 - 07:29 PM) The Packers had the cap space to lock up Cobb regardless
Jetsfan0099 Icon : (25 February 2015 - 07:30 PM) But Bryan Bulaga is also a FA< so they have 2 important guys to re-sign. I think the OT is more important for Rodgers
ganggreen2003 Icon : (25 February 2015 - 09:17 PM) 22 days 21 hours 27 min till FIRST DAY OF SPRING!!!!!
Jetsfan0099 Icon : (25 February 2015 - 10:06 PM) If we get rid of Harvin, Kevin White looks like a nice replacement.
Jetsfan0099 Icon : (25 February 2015 - 10:06 PM) 6'3 runs a 4.35 and had elite production in college
ganggreen2003 Icon : (26 February 2015 - 03:38 PM) NOT SO BREAKING NEWS: WINTER SUCKS
santana Icon : (26 February 2015 - 03:41 PM) Lol Liverpool
santana Icon : (26 February 2015 - 03:42 PM) epl teams sucking ass this year
ganggreen2003 Icon : (26 February 2015 - 04:41 PM) The Jills are negotiating with Josh "Tears of" McCown
ganggreen2003 Icon : (26 February 2015 - 07:24 PM) Now the Browns are trying to woo Josh "Tears of" McCown
MikeGangGree... Icon : (27 February 2015 - 01:59 PM) please please let the browns get him
ganggreen2003 Icon : (27 February 2015 - 06:40 PM) The Browns have signed Josh "Tears of" McCown
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santana Icon : (28 February 2015 - 12:18 PM) ESPN Jets reporter Rich Cimini speculates free agent Michael Vick may draw some interest from the Ravens.
santana Icon : (28 February 2015 - 12:19 PM) vick stay here pls
ganggreen2003 Icon : (28 February 2015 - 05:18 PM) Sucks Anthony Mason died
ganggreen2003 Icon : (28 February 2015 - 05:19 PM) but Josh "Tears of" McCown is now a perennial loser going from Tampa Bay to Cleveland
ganggreen2003 Icon : (28 February 2015 - 05:19 PM) going from one cesspool to another
santana Icon : (28 February 2015 - 09:46 PM) You realize the jets are in cesspool mode as well right?
ganggreen2003 Icon : (28 February 2015 - 11:29 PM) no we aren't
ganggreen2003 Icon : (28 February 2015 - 11:29 PM) we are in good shape compared to those 2 other franchises
ganggreen2003 Icon : (28 February 2015 - 11:29 PM) so I'm not even putting MY JETS in the same category as those lowly Tampa Bay Bucs and Cleveland Browns
HarlemHxC814 Icon : (Yesterday, 02:53 AM) The Jets are a total cesspool
MikeGangGree... Icon : (Yesterday, 02:09 PM) FIRE TEH JETS
HarlemHxC814 Icon : (Yesterday, 08:27 PM) ALL TEH CAP SPACE
Jetsfan0099 Icon : (Yesterday, 08:59 PM) NFL Expanding rosters from 53 to 55
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Chaos Icon : (Today, 11:31 AM) McCourty wont be tagged neither will Cobb or Maclin
santana Icon : (Today, 11:36 AM) should get suh
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HarlemHxC814 Icon : (Today, 12:40 PM) Nah hell want more than vet minimum. Can't have that.
Jetsfan0099 Icon : (Today, 02:24 PM) Jets have $51 miles in cap space right now
Jetsfan0099 Icon : (Today, 02:24 PM) Mil *
ganggreen2003 Icon : (Today, 04:02 PM) So is Harvin going to be on the JETS roster in 2015 or we cutting him? What's the SCOOP
azjetfan Icon : (Today, 04:04 PM) my guess is if he does not restructure they will wait until they see what they can get in FA before making that decision.
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Wells Fargo (Wachovia) Fines $85M If you own WFC stock sell NOW.

#1 User is offline   azjetfan Icon

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Posted 21 July 2011 - 08:48 PM

Wells Fargo’s $85 Million Fine

Posted on21 July 2011. Tags: $85 million, 12000 individuals, 85 million dollars, banking, banking industry, Board of Governors, Board of Governors of the Federal Reserve, borrowers, employee contracts, Fed Reserve, Federal Reserve, high priced loans, John Stumpf, loan applications, loans, The Federal Reserve, Wells Fargo, Wells Fargo & Co., Wells Fargo Financial Inc., Wells Fargo mortgage


Wells Fargo & Co., in an official statement, announced that it had reached an agreement with the Board of Governors of the Federal Reserve on the subject of accusations that company’s financial unit (Wells Fargo Financial Inc.) maliciously lured borrowers into getting significantly high-priced loans while also being lax (or deliberate) in regulating loan applications that were fraudulent or had falsified information.

As a result, Wells Fargo has been fined 85 million U.S dollars in civil penalties, the largest fine that the Federal Reserve has ever dished out to a company in history.

The Federal Reserve has even barred 16 individuals involved from ever working in the industry again.

Wells Fargo’s Chairman and CEO John Stumpf stated,


http://inewp.com/?p=8160

“The alleged actions commited by a relatively small group of team members are not what we stand for at Wells Fargo . . . Fair and responsible lending practices have been at the core of our culture, and they will continue to guide us as we work closely with the Federal Reserve to provide restitution to customers who may have been harmed, and to reinforce our internal controls so they further reflect Well Fargo’s commitment to helping customers succeed financially.”

Despite the consent of Wells Fargo in paying the $85 million, the company does not need to admit to ever doing what the allegations accused the company’s financial unit of.

Before and during the investigation, Wells Fargo terminated its employee contracts with those involved and provided some forms of financial compensation to those negatively affected.

Now that the investigation and agreement is over, Wells Fargo must continue compensating those harmed which is estimated to exceed a total of 12,000 individuals.
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#2 User is offline   azjetfan Icon

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Posted 21 July 2011 - 08:51 PM

When I worked at Wells I saw this happing first hand. I just shook my head. The sad thing is the people who did it really did not get any real incentive. There sales culture is so heavy that you just wanted to show numbers so you didnt have to listen to your manager.
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#3 User is offline   SecondHandJets Icon

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Posted 21 July 2011 - 09:05 PM

f***! I'm closing on two deals next week and both buyers are bieng financed by Wells! I hope this doesn't affect them.
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Posted 21 July 2011 - 10:11 PM

View PostSecondHandJets, on 21 July 2011 - 09:05 PM, said:

f***! I'm closing on two deals next week and both buyers are bieng financed by Wells! I hope this doesn't affect them.


Probably not. This issue is not new just now being resolved.
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Posted 22 July 2011 - 09:01 AM

Wells fargo sales people = douchebags

i serviced a couple offices last year in the dc area and got to know a few


DOUCHEBAGS
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Posted 22 July 2011 - 12:43 PM

I was there for 5 years. Here is a typical day for a store manager

7:45 Sales teleconference with DM (distict Manager). You would report how many appointments you had set for the day and what you were doing to hit plan. Usually if you did not have at least 3 per banker set you would get greif.

8:30 Sit with your PBs and Service manager to see what there plan is to hit there goal. If they did not have a plan you would have to either give them greif or help. PBs needed 10 sales a day and the Service Manager had to make sure each teller had 2 sales.


11:30 Follow up with Bankers and SM to see where you stand for the day.

12:00 Teleconference with distict Manager to say where you are. Hopefully you have #s to report otherwise you will get grief and have to be on the 2:00 harrasment call.

1:00 you might get a lunch break but dont plan on it.

2:00 On teleconference if you did not have your numbers @11:00 this was a call you did not want to be on. It got ugly.

6:00 Nightly call with DM. You would report your numbers for the day. If you did not hit your goal you had to share your plan on how to hit your plan the next day. If you were not on track for the month you would be required to stay and make sales calls (cold calls) until you set appointments.

Also If you were not at your X-sell target or any particular metric you would have a weekly harrasment call with your Regional VP and DM. This was a call that sucked. Basicly you had to explain why you suck and why you did not sell that college kid 2 checking accounts or 2 savings accounts or any other product they did not need.

Wells Fargo B of A Citi all suck. Stay away from the big banks. They are after nothing but your money. I am fortunate to work for a smaller regional bank now that trusts there people and treats there customers right. The day I gave notice at Wells a branch about an hour north fired there whole staff for sales integrity.
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