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Wells Fargo Forced Unwanted Auto Insurance On 800,000 Borrowers

Wells Fargo Forced Unwanted Auto Insurance On 800,000 Borrowers

One year after Wells Fargo was busted in the biggest post-financial crisis scandal, when Warren Buffett's favorite bank was exposed for fraudulently "cross-selling" bank products, including creating millions of credit cards and bank accounts to its customers that were never requested, and which cost the former CEO his job, Wells has just been busted yet again for another major scandal: the NYT's Gretchen Morgenson writes that more than 800,000 people who took out car loans from Wells Fargo were also charged for auto insurance they did not need, and some are still paying for

2016's Worst-Performing Stock Market Is Exploding Higher

2016's Worst-Performing Stock Market Is Exploding Higher

In 2016, the world's worst-performing stock market (in dollars) was Nigeria.  

2017 is a very different picture for the African nation...

Having politely refused OPEC's demands to cut crude production, Nigerian stocks have rallied for 16 successive days, a feat last accomplished in 2001...

As Bloomberg notes, the benchmark index is up almost 50 percent since early March, the best globally.

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