Banking
Nov. 12, 2010
No Overdraft Relief for Wells Fargo
A federal judge on Wednesday denied Wells Fargo & Co.'s request that he stay pending appeal the entry of a $203 million judgment against the bank in a case related to overdraft policies.
Daily Journal Staff Writer
SAN FRANCISCO - A federal judge on Wednesday denied Wells Fargo & Co.'s request that he stay pending appeal the entry of a $203 million judgment against the bank in a case related to overdraft policies. The bank had also argued that it should not have to post bond on the judgment since it is able to pay the full $203 million. In a filing last month, the bank said it reported $609 billion in assets in i...
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