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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Wells survived a fierce proxy fight at its annual meeting, but that’s not stopping some key investors — including the California State Teachers' Retirement System and the New York City pension funds — from pressuring the embattled bank to quickly replace most of its directors.
May 2 -
Tim Sloan insisted Monday that the bank’s phony-accounts scandal, which has eroded its position with U.S. consumers, has not hurt its recruiting efforts.
May 1 -
The landmark ruling remands the city of Miami's 2013 suit against Wells Fargo and Bank of America to the lower court.
May 1 -
Money laundering in Latin America is said to be worsening and a corruption probe in Brazil adds to the worries, but Latin American banks are fighting hard to preserve business with U.S. banks.
May 1 -
JPMorgan Chase’s Colleen Briggs and Fiona Greig are among those working on ways to help a growing segment of consumers with wildly fluctuating incomes. Plus, the women of Wells Fargo’s board and a big promotion at Citi.
April 28 -
Wells Fargo is making big changes in how it deals with lawmakers and regulators in Washington after top executives were savaged during congressional inquiries into the bank's fraudulent-accounts scandal.
April 27 -
Depending whose money they're using, Wells Fargo and JPMorgan Chase either love subprime car loans or fear them.
April 27 -
Shareholders reelected all of the bank's directors, though some got only slightly more than 50% approval; exchanges having trouble processing deals in dollars.
April 26 -
Chaos broke out periodically as investors and activists spoke out against the board, at times yelling or choking back emotion.
April 25 -
Shareholders voted to re-elect 12 board members and elect three more nominated by the company, but the slim margins sent a clear message.
April 25 -
Sens. Elizabeth Warren and Ed Markey are seeking information about KPMG to determine if it lived up to its professional obligations when it decided not to disclose fake accounts at Wells Fargo.
April 25 -
Wells Fargo has “adequately remediated the remaining deficiencies" in the living wills it had originally filed in 2015, regulators said on Monday.
April 24 -
While many shareholders are by now largely immune to the transgressions of the U.S. banking sector, Wells Fargo’s recent phony account scandal has given even the most hardened cynics pause.
April 21 -
The San Francisco bank is adding $32 million to a previously announced agreement, and also extending it back to 2002, in the wake of a report on the roots of the firm's sales scandal.
April 21 -
Tim Sloan just survived his biggest test yet, when a board investigation found he wasn't to blame for the bank's notorious account scandal. But his next is just days away: Persuading investors not to expel much of the board.
April 19 -
An internal agency report paints a scathing portrait of the OCC, acknowledging that it missed several red flags on the Wells Fargo matter.
April 19 -
Even in the event of a landslide, throw-the-bums-out investor vote over director seats next week, expect business as usual in Wells’ boardroom for a long while.
April 17 -
Hacker group Shadow Brokers says U.S. intel agency compromised parts of the global banking system; bank's directors gear up for tough election at annual meeting.
April 17 -
The 110-page document offers plenty of new details about what went wrong at the megabank but may leave many wanting a truly independent investigation.
April 14 -
A review of activity that long ago would not shed additional light on the scope of misconduct in Wells Fargo's retail banking unit, CFO John Shrewsberry said in an interview.
April 13





















