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 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.
June 14 -
Competition for deposits is heating up as summer approaches, and banks are responding in all sorts of ways — from launching digital-only platforms to raising CD rates to reviving debit rewards. But rising interest rates could weaken demand for loans, especially mortgages.
June 14 -
Everyone agrees good corporate governance involves a board that is just the “right” size and has a “good mix” of knowledgeable insiders and independent watchdogs. But setting bright-line rules for banks as varied as M&T, Wells Fargo and Eastern Bank is hard.
June 13 -
In his inaugural hearing as comptroller of the currency, Joseph Otting defended his decision not to publicly rebuke banks for Wells Fargo-like problems.
June 13 -
The simplified pricing of fintechs like Square and Stripe has finally caught up with banks' more complex fees, prompting Wells Fargo to restructure its billing for small businesses. Other banks will also face consequences—particularly community banks that depend on local merchants.
June 13 -
The changes are designed to remove the complex set of fees that could vary from one mercant to another.
June 12























