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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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 -
Wells Fargo is weighing a sale of its insurance brokerage business, which could fetch about $2 billion, people familiar with the matter said.
May 9 -
As Keith Noreika takes over as acting head of the Office of the Comptroller of the Currency on Friday, he faces a daunting challenge: a precipitous drop in morale at the agency.
May 4 -
Despite a categorical denial this week by Wells Fargo CEO Tim Sloan, former employees like Yesenia Guitron say trawling for immigrants was routine.
May 4 -
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
























