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Wells Fargo
built 215 days ago
In what seems to be becoming a pattern, four Wells Fargo servers have been reported as missing. The servers were actually located at a vendor’s facility, the Atlanta office of Regulus Integrated Solutions. It is believed that sensitive information, including Social Security numbers and customer account numbers, of thousands of mortgage and student loan customers was stored in the stolen hardware. The incident actually occurred in mid-October, and beginning on October 25th the company began warning customers whose data was stored on the missing computers, recommending that they notify the three major credit agencies of possible data theft. Additionally, the company is offering affected users 12 months free use of its credit monitoring service. This is the third time in a year that Wells Fargo computers containing customers’ personal data have been stolen, though Wells Fargo says it has received no reports of that information being misused (perhaps due to encryption of the info on the computers).
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For the 3rd consecutive year, Wells Fargo is creating opportunities for youth in the San Francisco Bay Area to attend a 2007 49ers home game through the Wells Fargo Red & Gold Community Program. Tickets will be awarded to Bay Area Youth Group Organizations, including High School Football and Cheerleading Teams, Pop Warner Football and Cheerleading Teams, Bay Area YMCA’s and Boys & Girls Clubs and a Youth Based Non-Profit Organization to each home game.
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The Wells Fargo® Nevada Gold Collection has received considerable press from the coin industry. To read some of the articles about the $20 Saint-Gaudens gold coins of this collection, please click here.
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The results are not pretty: At Wells Fargo for home purchase loans, African Americans borrowers are 3.9 times more like to receive a rate spread loan that white borrowers. This is only slightly less disparate that Citigroup, at which African Americans borrowers are 4.34 times more like to receive a higher-cost rate spread home purchase loan that white borrowers. Meanwhile, Wells Fargo denies the applications of African Americans for home purchase loans 2.3 times more frequently than those of whites, nearly as disparate as Citigroup’s 2.6 to one denial rate ratio between African Americans and whites.
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SAN FRANCISCO, July 24 /PRNewswire-FirstCall/ -- Wells Fargo & Company (NYSE: WFC) today announced a quarterly common stock dividend of 31 cents per share, up nearly 11 percent from the previous dividend of 28 cents per share. The dividend is payable Sept. 1, 2007, to stockholders of record on Aug. 10, 2007. The Company has approximately 3.4 billion shares outstanding.
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In 1850, Henry Wells and William Fargo founded an express delivery service by the name of American Express. They aimed to exploit the boom that the United States was experiencing out West due to the Gold Rush. The American Express Board of directors... did not think the bonanza would last.
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