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.
-
The $1.9 trillion-asset bank has been facing pressure to shake up a board that failed to head off a reputation-scarring scandal.
November 29 -
Bank faces a formal enforcement action for problems in mortgages and auto insurance; Judge throws out lawsuit, although plaintiff promises an appeal.
November 29 -
The San Francisco bank will immediately begin winding down its marketing of personal insurance products and plans to exit the business for good during the first quarter of next year.
November 28 -
The CFPB's data-sharing guidance was widely applauded, but mistrust remains between banks and aggregators. Advocates want regulators to take action.
November 28 -
Judge says he will move quickly on who should head the agency; group allegedly overcharged hundreds of clients.
November 28 -
One estimate says 3.5 million cybersecurity jobs will go unfilled by 2021. Banks are looking to military veterans, universities and even high schools to help fill the gap.
November 27 -
The most immediate threat to the safeguards underpinning a well-functioning banking sector involves the failure of regulators to hold banks accountable.
November 22 -
Brett Pitts joins from Wells Fargo, where he most recently was executive vice president and group head of digital.
November 21 -
A U.S. alcohol maker's $191 million investment in Canadian cannabis could raise difficult questions for the banks that have lent big sums of money to the company.
November 21 -
A U.S. alcohol maker's $191 million investment in Canadian cannabis could raise difficult questions for the banks that have lent big sums of money to the company.
November 20 -
Franklin Codel reportedly made “disparaging remarks” about regulators; Zions may seek to have “too big to fail” label removed.
November 20 -
The San Francisco company said Friday that it has terminated Franklin Codel, effective immediately, over an interaction he had with a former employee regarding that employee's termination.
November 17 -
CFPB director’s departure gives President Trump the chance to revamp the agency; the bank regulator is reverting to its industry-friendly ways.
November 16 -
Departing chairman Martin Gruenberg says the financial system is still vulnerable to unforeseen shocks; bank offers ways for customers to avoid overdraft fees.
November 15 -
Under changes announced Tuesday, the San Francisco company will provide a one-day grace period on overdraft fees to its direct deposit customers. It also eliminated overdraft fees on all transactions of under $5.
November 14 -
TruSight will assess, validate and monitor vendors on behalf of the consortium, which is expected to expand.
November 14 -
The sexual harassment tsunami continues, with stories from Fidelity and France. The woman behind Capital One's new chatbot drew on her experience creating animated characters for Pixar. And Wells Fargo whistleblowers speak out.
November 10 -
Adding retirement accounts broadens the app's offerings to millennial clients.
November 8 -
The heads of some of the largest U.S. banks are calling for a new security-focused mindset among executives, better forms of ID and collective action in the aftermath of the Equifax breach.
November 7 -
The banks' newest offerings hope to attract young clients and keep them there for life. But they face stiff competition.
November 7




















