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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Moelis submits a revised Fannie/Freddie blueprint; FASB considering a plan to have banks break out charge-offs and recoveries on year-by-year basis; Wells Fargo layoffs begin with 1,000 jobs in mortgage and tech; and more from this week's most-read stories.
November 16 -
Prosecutors are unlikely to buy Goldman's rogue banker defense, observers say; survey predicts recession within two years.
November 16 -
Wells Fargo will lay off 1,000 workers primarily from its mortgage unit in the first major round of a previously announced plan to cut the bank's workforce by as much as 10% over the next three years.
November 15 -
Berkshire Hathaway plowed $13 billion into bank stocks in the third quarter that included new investments in JPMorgan and PNC and additional investments in Bank of America and Goldman Sachs.
November 15 -
Wells Fargo explains to the "girls" that there really is no gender bias, but that guy is retiring, OK? Rana Yared is one of Goldman Sachs' 18 new female partners. And Mary Meeker sets a huge target for the venture capital firm she'll create to invest in tech startups.
November 14 -
Will prosecutors believe a rogue banker was behind Malaysia fraud?; banks that changed standards in Q3 were more likely to ease underwriting.
November 14 -
The bank recently notified an upstate New York man that he was wrongly denied a mortgage modification, and enclosed a $25,000 check. But details of what went wrong have been hard to come by.
November 13 -
Wells Fargo is considering a sale of its retirement-plan services business, which could fetch as much as $1 billion, according to people familiar with the matter.
November 8 -
The OCC is looking into problems in the bank’s technology operations; banks turn to untraditional methods to raise revenue from research.
November 8 -
The bank says a calculation error led it to deny help to distressed homeowners; a former U.S. deputy attorney general will help with in the 1MDB fraud scandal.
November 7 -
JPMorgan Chase and Wells Fargo detailed aggressive marketing plans, defended their credit judgments and downplayed the threat of a retailer revolt over high fees on rewards cards.
November 6 -
Information about new account holders pulled from Bank of America, JPMorgan Chase, U.S. Bank and Wells Fargo contradicts the notion that the previously unbanked turn into costlier customers.
November 5 -
Readers respond to an FTC settlement with SoFi, weigh calls to simplify Wells Fargo, consider crypto's revolving door and more.
November 1 -
Following is a list of the banks that made Vade Secure's top 10 phishing list in the third quarter, along with insights into how lenders can protect themselves.
October 31 -
A deal between TD Bank and a Vermont nonprofit is just one example of how banks are getting creative in addressing affordable housing needs while reaping financial and regulatory benefits.
October 30 -
Wells Fargo puts two top execs on leave as scandal's reach grows; regional banks freed from SIFI label lobbying regulators hard for more relief; FDIC to launch innovation office to help banks compete with fintechs; and more from this week's most-read stories.
October 26 -
The central bank should consider rescinding the bank’s “financial holding company” status, which allows it to participate in nonbank activities, given its inability to respond to internal management problems.
October 26 -
Hope Hardison, the chief administrative officer, and David Julian, the chief auditor, were placed on leave Wednesday after they received the letters, which indicated the comptroller's office plans to pursue sanctions againts them, a source says.
October 25 -
Hope Hardison, Wells Fargo's chief administrative officer since 2015, and David Julian, its chief auditor since 2012, have both been removed from the bank's operating committee and begun leaves of absence in the latest fallout from the bank's phony-accounts scandal.
October 24 -
Through the "Where We Live" program, the bank will direct philanthropic giving to two wards in the nation's capital and provide financing for affordable housing.
October 23





















