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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Lenders have learned that automated wealth management tools enhance financial advisers' interaction with clients and can bring in more business.
July 19 -
Alleged discrimination over immigration status is the latest legal headache for Wells Fargo.
July 17 -
The bank has been slashing expenses, but executives acknowledged they remain high. Between having to hire thousands of compliance employees and waiting on the next CEO to be named, investments in new technology or other long-term growth are limited.
July 16 -
The interim CEO told analysts Tuesday that the company remains committed to hiring an outsider who isn't connected to its scandals of recent years.
July 16 -
The bank's net interest income fell to its lowest point in three years, and total revenue fell short of analysts' expectations.
July 16 -
Other executives are being considered, too, but the list is dwindling as JPMorgan’s Gordon Smith and other big names are said to be out of the running. Meanwhile, senior Wells executives have pushed to keep interim CEO Allen Parker.
July 12 -
Sensing a profitable opportunity in an underserved market, a variety of companies — ranging from traditional banks to fintech startups and even Amazon — are rushing into selling secured credit cards and other products designed for consumers with poor or thin credit.
July 9 -
It’s too early to measure the market effect of New York City's contactless transit payment acceptance pilot launched barely a month ago, but many merchants in the immediate area may not be ready if demand spikes.
July 3 -
Theresa LaPlaca, one of four new directors at the company, ran an office Wells formed to address issues tied to its sales and reporting practices.
July 2 -
Some large banks, including Bank of America and JPMorgan Chase, will increase dividends and stock repurchases by double digits.
June 28 -
In a year where most of the 18 institutions taking the second round of the Federal Reserve's stress tests showed improvements over last year, JPMorgan Chase and Capital One were both forced to adjust their capital plans in order to meet the central bank's minimum thresholds.
June 27 -
The decision follows similar moves by rivals JPMorgan Chase and Wells Fargo.
June 26 -
Brad Goedken wants agreements for HarborOne Bancorp to include better protections, such as cost reductions if a service fails.
June 25 -
Facebook's plans to launch its Libra cryptocurrency dominated much of the discussion at American Banker's Digital Banking conference last week, but attendees also debated what big tech company might strike next and what future digital innovations are in store.
June 23 -
A new set of tougher scenarios did little to keep large banks from passing the most recent stress tests mandated by the Dodd-Frank Act.
June 21 -
Lenders should get a boost from refinances and purchase loans; BB&T and SunTrust Banks’ name choice questioned.
June 13 -
With several top candidates reportedly turning down the job, some insiders are reportedly lobbying the board to appoint C. Allen Parker as the bank's next CEO.
June 12 -
Despite tension between the U.S. and trading partners, bank are doing booming business in financing cross-border commerce; some Republican lawmakers are getting antsy at the pace of rollbacks for bank regulations, and are pushing regulators for a sense of urgency.
June 10 -
Enloe State Bank in Texas becomes the first bank to fail in 17 months; BB&T dangles promise of bonus payments to top executives if they stay; where JPMorgan Chase’s Finn experiment went wrong; and more from this week’s most-read stories.
June 7 -
Women in the workplace exeprience not only sexual harassment but micro-aggressions that could lead them to miss a promotion, a raise or a high-profile assignment, according to Wells Fargo's Karen Elinski.
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