News Source: The Guardian
| 2 months ago
For an executive at the US bank Wells Fargo , a repossessed $12m beach house in southern California proved just too tempting. The financial institution has fired a top loans officer for using a luxurious Malibu property for a series of family...
News Source: International Business Times
| 2 months ago
Wells Fargo & Co has fired a senior vice president after investigating reports she held lavish parties at a foreclosed beachfront Malibu house owned by the bank. The fourth-largest U.S. bank said in a statement on Monday that it had terminated one...
News Source: CNN
| 2 months ago
What happens if you use one of your bank's foreclosed properties -- particularly one in swanky Malibu beach -- for your own parties?...On Monday, Wells Fargo & Co. said it terminated an employee for misconduct at a bank-owned property in one of...
News Source: Miami Herald
| 2 months ago
Exec. moved into bank-owned beach home A Wells Fargo & Co. executive who oversees foreclosed properties hosted parties and spent long summer weekends in a $12 million Malibu beach house, moving into the home just after it had been surrendered to...
News Source: Los Angeles Times
| 2 months ago
The Times reported last week that Cheronda Guyton, a Wells Fargo senior vice president, had been seen using the beachfront home by neighbors after the bank acquired it from the former owners, Lawrence and Linda Elins. A real estate agent for the...
News Source: International Business Times
| 2 months ago
Reports that a Wells Fargo & Co executive used a bank-owned, beachfront Malibu home as her own private party pad reignited outrage over unbridled excesses at firms that received U.S. bailouts. Some neighbors in the super-exclusive Southern...