Wells Fargo Foreign Exchange Bankers

Gustafson Gluek PLLC is investigating the conduct of Wells Fargo and the its foreign-exchange bankers.  News reports indicate they intentionally overcharged their small-business/corporate customers on foreign-exchange trades and transactions to inflate their revenues, and thus the bankers’ bonuses. Wells Fargo overcharged these customers by artificially inflating the foreign-exchange rate—sometimes in contradiction of agreements it had with its customers—and by charging fees higher than the industry standard of 0.15% to 0.5%. If you are a small business or corporate customer of Wells Fargo who was charged a fee higher than 0.5% for Wells Fargo’s foreign-exchange services or was charged a higher-than-agreed-upon foreign-exchange rate and would like to learn more about your potential claim, please contact us by telephone or e-mail.