Wells Fargo
Wells Fargo
Wells Fargo is one of the largest banks in the United States, with approximately $1.9 trillion in balance sheet assets. The company is split into four primary segments: consumer banking, commercial banking, corporate and investment banking, and wealth and investment management.
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Consumer finance portal will be able to tell customers which loans they’ll qualify for; Marcus unit will soon offer investment services.
October 23 -
The bank failed to tell investors that the success of its cross-selling was built on “sales practice misconduct at the bank,” the state attorney general said.
October 22 -
A recent study concluded there are first-mover benefits for banks that embrace open banking. But many executives see its risks instead.
October 19 -
Sen. Elizabeth Warren is opening a new front in a campaign against a familiar foe — demanding that the Federal Reserve keep its restrictions on Wells Fargo until Chief Executive Officer Tim Sloan is removed.
October 18 -
Wells Fargo, Bank of America, Citigroup and other banks have joined forces with fintechs and data aggregators to create the Financial Data Exchange, which aims to resolve the fight over sharing customer information.
October 18 -
Regtech — the intersection of regulatory compliance and financial innovation — is still taking shape in the U.S with some pushing for "tech sprints" to speed the development of new tools, while some see new threats and opportunities looming in the space. Following is a look at hot-button topics at American Banker's RegTech summit.
October 17 -
Barred by regulators from adding assets for at least another six months, the bank has only one main lever to pull to boost returns.
October 12 -
A sullied reputation and frustrations with bureaucracy have driven some advisers to the competition.
October 12 -
How banks and network providers combat real-time payment fraud; online banks try new pricing strategies; the Most Powerful Women in Banking call for greater leadership diversity; and more from this week's most-read stories.
October 12 -
Wells Fargo & Co. hasn’t yet fixed all of its problems, but at least it stopped its revenue slump.
October 12 -
JPMorgan and Citibank post better-than-expected results; Adding workers and promoting its charitable efforts, the bank hopes to win favor.
October 12 -
Readers react to an argument about reining in banker pay, weigh the push for raising the minimum wage, respond to Wells Fargo getting back into the private-label securities market and more.
October 11 -
The two megabanks face different problems, as Bank of America customers are frustrated over fees and customer service while Wells customers are alarmed about the bank's recent scandals.
October 10 -
Mary Mack, Wells Fargo's head of consumer banking and American Banker's No. 1 Woman to Watch, acknowledged recent issues at the bank, but noted the progress it's made in fixing them.
October 5 -
BNY Mellon snags tech exec from Bank of America as CTO; dissent spreads at CFPB over top aide's writings; Anne Finucane ready to lead BofA's European operations; and more from this week's most-read stories.
October 5 -
Wells Fargo is doubling down on the gun industry, undaunted by criticism of its deep ties to firearm companies and the National Rifle Association.
October 5 -
Diane Schumaker-Krieg, the global head of research, economics and strategy at Wells Fargo and a mainstay on American Banker's list of the Most Powerful Women in Finance, plans to step down at the end of the year.
October 5 -
Wells Fargo is planning its first post-crisis offering of bonds tied to U.S. home loans without government backing, according to people familiar with the matter.
October 5 -
Mary Mack, the head of consumer banking at Wells Fargo, said Thursday the San Francisco bank has made significant progress in fixing its culture after a series of scandals over the past two years.
October 5 -
At American Banker's annual Most Powerful Women in Banking gala on Thursday evening in New York, honorees urged the industry to promote more women and people of color.
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