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.
-
Bradley Linskens, the former top examiner of Wells Fargo at the Office of the Comptroller of the Currency, sued the agency Tuesday over records requests he had made related to his removal earlier this year.
May 18 -
In March 1998, American Banker reported plans by Norwest Corp. to establish sales quotas and step up cross-selling. Three months later, the Minneapolis bank announced a merger with Wells Fargo.
May 18 -
Consumer debt breaks the previous mark set back in 2008, but some are worried that people are returning to their profligate ways; Wells Fargo makes greater use of consumer surveys to fix its brand.
May 18 -
Both sides of Wells Fargo's $142 million settlement over its fake-accounts scandal made last-ditch efforts to salvage the class-action pact after a federal judge voiced misgivings about some of its terms.
May 18 -
The city joins a growing list of municipalities that have filed similar lawsuits, just two weeks after the Supreme Court ruled that municipalities have standing to sue lenders under the Fair Housing Act.
May 15 -
Wells Fargo may have opened as many as 3.5 million fraudulent accounts in the last 15 years, according to consumers who are trying to beef up a settlement with the bank over abusive sales practices.
May 12 -
Executives at the embattled bank made clear Thursday that they are not discarding its long-standing strategy of selling additional products to existing customers.
May 11 -
Wells said slowing loan growth had hurt its aggressive efforts to lower its efficiency ratio, so it is doubling the expenses it aims to cut by 2019.
May 11 -
The good news: SBA lending is going gangbusters and business owners are optimistic about growth prospects and their ability to access credit. The not-so-good news: Many firms are still not particularly interested in borrowing and startups are not the engines of job creation they once were.
May 11 -
Through the bank’s new API, small-business customers can feed their bank data into Xero’s cloud accounting technology.
May 10