Switzerland’s second-largest commercial bank said it would exercise an option to borrow up to 50 billion francs ($53.7 billion) from the Swiss National Bank.
The idea would provide a low-cost alternative to payday loans -- and it might just save the Postal Service, too.
Wells Fargo has asked a court to order dozens of customers who are suing the bank to resolve their disputes in private arbitrations, according to legal documents.
5,300 employees were fired after it was revealed that the bank opened millions of accounts without customers' knowledge.
Wells Fargo will pay $185 million in penalties and $5 million to customers that regulators say were pushed into fee-generating accounts that they never requested.
Luigi Wewege is the President and CEO of Vivier Group a multinational banking and financial services group of companies, providing its select services worldwide through representation in jurisdictions across Africa, Asia, Oceania, Europe and South America. Vivier Banking & Financial Services comprises of Vivier Bank a licensed offshore private bank and Vivier & Co a boutique financial services firm. Summarized, he's a busy and productive man.