Mary Eshet

Mary Eshet News

  • Esurance Hires Wells Fargo’s Gellman to Take on Flo

    Allstate Corp., the largest publicly traded home and auto insurer, hired Alan Gellman from Wells Fargo & Co. to oversee marketing at its Esurance unit.

  • Wells Fargo’s Sloan Seen Poised for CEO Job in Shuffle

    Wells Fargo & Co.’s management shuffle, in which Chief Financial Officer Timothy Sloan becomes the head of wholesale banking, is a move analysts view as grooming for the bank’s top job.

  • Wells Fargo Plans Ethics Review Amid Bank Scrutiny

    Wells Fargo & Co., which has set aside the least money for legal costs among the four biggest U.S. banks, will conduct an internal review of its ethics as the industry grapples with a surge in probes and lawsuits.

  • Pot Businesses Allowed to Open Accounts With U.S. Banks

    The U.S. government took a step toward legitimizing the marijuana industry, allowing U.S. banks to offer accounts and other services to businesses in states where medical or recreational pot sales are legal.

  • Banks Financing Mexico Gangs Admitted in Wells Fargo Deal

    Just before sunset on April 10, 2006, a DC-9 jet landed at the international airport in the port city of Ciudad del Carmen, 500 miles east of Mexico City. As soldiers on the ground approached the plane, the crew tried to shoo them away, saying there was a dangerous oil leak. So the troops grew suspicious and searched the jet.

  • Wachovia's Drug Habit

    The bank, now a unit of Wells Fargo, leads a list of firms that have moved dirty money for Mexico’s narcotics cartels--helping a $39 billion trade that has killed more than 22,000 people since 2006.

  • Wells Fargo, Mariner Energy, Langford, BofA, SAC, Facebook in Court News

    Wells Fargo & Co., the biggest U.S. home lender, said it reached a $590 million settlement in principle with plaintiffs who claimed in a lawsuit that Wachovia Corp. misled investors.

  • MF Global, Goldman, Wells Fargo, JPMorgan, S&P in Court News

    Jon S. Corzine, MF Global Holding Ltd.’s former chief executive officer, may face potential legal liability if investigators show he knew customer money might be used when he ordered $200 million transferred to a U.K. account as his brokerage neared collapse, Bloomberg News’ Linda Sandler and Phil Mattingly report that former prosecutors said.

  • Predator Targets Hit as Banks Shut Branches Amid Profits

    Banks that opened more than 15,000 branches across the U.S. in the decade leading to the financial crisis are retreating from lower-income neighborhoods, even as the industry posted its second-most-profitable year on record.

  • Wells Fargo Should Be Forced to Meet Subpoenas, SEC Says

    Wells Fargo & Co. failed to hand over documents demanded in U.S. subpoenas and should be forced to cooperate with a probe into its sale of almost $60 billion in residential mortgage-backed securities, regulators said.

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