Wells Fargo fights new US suit, points to earlier $25B pact

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Wells Fargo fights new US suit, points to earlier $25B pact

Wells Fargo fights new US suit, points to earlier $25B pact

Reuters-

* Wells says suit conflicts with earlier mortgage settlement

* Asks judge to find DOJ violated previous deal

* Banks stepping up fight against financial crisis cases

By Aruna Viswanatha

WASHINGTON, Nov 1 (Reuters) – Wells Fargo has gone to court to challenge a financial-crisis lawsuit recently brought against it by the Justice Department, saying a prior multi-bank $25 billion mortgage settlement already cleared it of some liability.

The fourth-largest U.S. bank asked a federal judge in Washington on Thursday to rule that the U.S. violated the terms of the earlier settlement by filing its recent case in New York.

[REUTERS]

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One Response to “Wells Fargo fights new US suit, points to earlier $25B pact”

  1. JIMI says:

    NO MERCI WITH WELLS FARGO THEY SHOW NO MERCI TO HOMEOWNERS

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