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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The company's brokerage unit agreed to pay $5.1 million to settle claims that employees persuaded clients to sell certain investments before maturity in order to collect higher fees.
June 25 -
Wells Fargo & Co. is finally going after the young and points-hungry by boosting rewards on one of its premium cards.
June 25 -
How the big banks fared in the Fed's latest round of stress testing; what's on new FDIC chair Jelena McWilliams' plate; why banks' biggest risk factor may be employees who don't speak up; and more from this week's most-read stories.
June 22 -
At a time when credit unions have seen a major increase in fee income from overdrafts, several big banks are following Silicon Valley's lead by offering new fee-free accounts.
June 22 -
SunTrust will operate a branch inside Hartsfield-Jackson's main domestic terminal and operate 16 ATMs throughout the airport. Wells said its revenue had been declining.
June 20 -
The bank’s weakened public reputation makes it a target for additional attacks.
June 20 -
JPMorgan Chase and Wells Fargo are following Silicon Valley's lead by offering new fee-free accounts. While there are risks involved, the cost of doing nothing would be significant, analysts said.
June 19 -
In an investor-backed power play, the robo tech firm wants banks to turn to it instead of traditional core software providers as they upgrade to digital-banking-friendly technology.
June 19 -
SigFig was among an early crop of digital advice firms that shifted their focus to serving wealth managers and banks. It has raised more than $100 million from a variety of investors.
June 19 -
Among the six biggest U.S. banks, Bank of America might deliver one of the steepest jumps in payouts. Wells Fargo is the wild card.
June 19 -
Wells Fargo is considering restructuring its wealth management business as the bank pushes for $4 billion in cost cuts by the end of next year.
June 19 -
Morgan Stanley CEO, New York Fed chief caution against failing to remember what caused the financial crisis; Wells Fargo may combine its two big wealth management businesses.
June 19 -
Senior leaders may say that they want to hear bad news, but that doesn’t mean lower-level employees are eager to share it with them.
June 18 -
At a conference on corporate culture, Wells Fargo’s board chair explained why problems tend to fester longer at larger institutions.
June 18 -
Little-known Office for Management and Budget official Kathy Kraninger would succeed acting director Mick Mulvaney, her OMB boss; Wells Fargo still faces the big chill from several big cities and states.
June 18 -
Wells Fargo on the receiving end of USAA's long-standing intellectual property threat; millions are mad about Erica, Bank of America's virtual assistant; relief may be in reach for bankers fed up with SARs; and more from this week's most-read stories.
June 15 -
The agency has provided new information about changes large and midsize banks are making in the wake of the Wells Fargo scandal, but Senate Democrats continue to press for more details.
June 15 -
The settlement applies to customers who had accounts opened without their consent over a 15-year period beginning in May 2002.
June 15 -
Going back to the debut of the free Square card reader, the mobile payments market has made fees — or the lack of fees — a major selling point.
June 15 -
Institutions that have been opening consumer accounts without consent need to prepare for the fallout, even if the OCC has said it won't name names.
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