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Canada Goose online Angry shareholders slammed Wells Fargo on Tuesday for abusing customers and tarnishing its reputation. “This company has harmed and wounded millions of canada goose coats its customers,” activist shareholder Sister Nora Nash said at the bank’s annual Canada Goose Parka shareholder meeting. Canada Goose online
Demonstrators gathered outside the meeting in Des Moines, Iowa, to protest Wells Fargo’s various scandals as well as its financing for fossil fuel projects and gun manufacturing.
buy canada goose jacket cheap Despite criticism of Wells Fargo (WFC), the bank’s directors were all re canada goose store elected on Tuesday by a Canada Goose Online wide majority. None of the shareholder proposals pushing to rein in the bank canada goose uk black friday received enough support to pass. buy canada goose jacket cheap
California State Treasurer John Chiang contrasted the state of the bank with its long history in California, where it helped build countless roads, schools and dams.
“Where is that bank today? Wells Fargo is a canada goose uk outlet shadow of its former self,” said Chiang, canada goose clearance who is running for California governor as a Democrat. “Today, it’s unfortunately known for targeting our community’s most vulnerable.”
Canada Goose Outlet Wells canada goose black friday sale Fargo has admitted to opening as many as 3.5 million buy canada goose jacket cheap fake accounts, forcing customers into auto insurance they didn’t want and charging unnecessary mortgage fees. Canada Goose Outlet
buy canada goose jacket The bank has also been accused of ripping off small business owners on credit card transactions and retaliating against workers Canada Goose Coats On Sale who called the ethics hotline. Wells Fargo’s sales practices remain under investigation by the SEC, the Justice Department and the Labor canada goose Department. buy canada canada goose black friday sale goose jacket
canada goose black friday sale Chiang criticized the board for failing to stop the fake accounts scandal and expressed doubt about whether CEO Tim Sloan can turn the bank around. canada goose black friday sale
Canada Goose Parka “Time has proven that Mr. Sloan cannot canada goose uk shop drain the swamp. He has become it,” cheap canada goose uk Chiang said. “It’s time for canadian goose jacket him to go.” Canada Goose Parka
Canada Goose sale Elizabeth Duke, Wells Fargo’s chairman, defended Sloan and pointed to steps he has taken to fix the bank’s culture. Canada Goose sale
canada goose coats on sale “Tim’s time with the company is an advantage. His commitment to change is unwavering,” Duke said to loud applause. canada goose coats on sale
Wells Fargo shareholders voted overwhelmingly in favor of the bank’s compensation plan for Sloan and other top executives. Shareholder proposals, including one calling for a report detailing the risks involved in the bank’s Canada Goose online sales tactics, failed to receive majority support.
Related: Wells Fargo’s 20 month nightmare
canadian goose jacket Nash, the activist shareholder, thanked uk canada goose Wells Fargo for agreeing to a proposal calling on uk canada goose outlet the bank to Canada Goose sale publish a comprehensive report on the “root causes of past and present fraudulent activities.” canadian goose jacket
Canada Goose Jackets “Your customers, who canada goose coats on sale are guilty only of having trusted Wells Fargo to do the right thing, deserve an Canada Goose Outlet honest reckoning,” Nash said. Canada Goose Jackets
canada goose coats Federal regulators fined Wells Fargo $1 billion last week for car insurance and mortgage abuses. In February, the Federal Reserve imposed unprecedented sanctions that prevent the bank from growing until it cleans up its act. canada goose coats
“While we have more work to do,” Sloan said Tuesday, “we have made significant progress as we work to fix problems, make things right for our customers and transform to a better, stronger Wells Fargo.”
He pointed out that Wells Fargo has eliminated product sales goals, has tightened its risk management and now sends automatic notifications to customers when new accounts are opened.
canada goose clearance sale Sloan and other Wells Fargo directors are up for re election at Tuesday’s meeting. canada goose clearance sale
canada goose store Wells Fargo also came under fire for its support for the gun industry. While Bank of America https://www.canadagooseparkasoutlet.ca (BAC) and Citigroup (C) have stepped away from the gun manufacturers, Wells Fargo recently said the bank will keep canada goose clearance sale lending to the industry. canada goose store
canada goose Jordan Ash of the St. Paul Federation of Teachers told Wells Fargo executives he was buy canada goose jacket “alarmed” to read about Wells Fargo’s record on guns. canada goose
cheap Canada Goose “We must stop the gun violence epidemic in our country,” Ash said. “NRA leaders have launched shameful public Canada Goose Jackets attacks on educators and student survivors.” cheap Canada Goose
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