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Wells Fargo & Co.

Displaying 644 results

Topic
  • News
  • October 14, 2020

Wells Fargo fires more than 100 workers for abusing federal aid program

Staffers made 'false representations' when they applied for a coronavirus loan program, according to a Wells memo

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  • News
  • October 14, 2020

Wells Fargo third-quarter profit slumps

Bank takes customer remediation and restructuring charges to address old scandal

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  • News
  • October 12, 2020

ETF price wars may resume

Big new entrants to the exchange-traded fund market are rolling out funds with low expense ratios

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  • News
  • October 7, 2020

Wells Fargo chops more than 700 commercial banking jobs

The bank is embarking on workforce reductions that could ultimately number in the tens of thousands

Topic

Wells Fargo’s Envestnet data-sharing deal raises murky questions

The agreement opens up access to important tools for consumers, but the FTC is asking for more information about such practices

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  • News
  • September 24, 2020

Envestnet inks data-sharing deal with Wells Fargo amid FTC inquiry

The agreement is meant to increase protection of consumer data shared with supported apps

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  • News
  • September 23, 2020

Wells Fargo CEO draws fire for ‘limited’ Black talent comment

U.S. lawmaker Alexandria Ocasio-Cortez joined critics on Twitter condemning the statements

Topic
  • News
  • September 4, 2020

Berkshire Hathaway cuts stake in Wells Fargo

Warren Buffett's Berkshire sold more than 100 million shares, trimming its holdings of the bank's common stock to about 3.3%, according to a regulatory filing

Topic
  • News
  • September 2, 2020

Wells Fargo among the companies setting racial hiring quotas

The bank said it will increase Black leadership to 12%

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  • News
  • August 31, 2020

Finra censures and fines Wells Fargo $350,000

Regulator says the firm failed to supervise reps’ sales of risky energy securities

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  • News
  • August 25, 2020

Wells Fargo asset cap has hit bank hard

The Federal Reserve sanction may have cost Wells about $4 billion in profits

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  • News
  • August 21, 2020

Wells Fargo resumes job cuts

The bank is breaking with some U.S. competitors that have resisted layoffs amid the pandemic

Topic
  • News
  • July 30, 2020

Asset managers can no longer afford to avoid ETF market

The exchange-traded fund industry has suddenly attracted large asset managers that have until recently shunned the business

Topic
  • News
  • July 27, 2020

Adviser managing $180 million at Wells Fargo moves to LPL

Keith Boyd is affiliating through Gladstone, an LPL office of supervisory jurisdiction in Flemington, New Jersey

Topic
  • News
  • July 23, 2020

Wirehouses race to upgrade adviser tech amid pandemic

Merrill Lynch, UBS and Wells Fargo have all adapted to an increase in digital adoption, according to second-quarter earnings reports

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  • News
  • July 21, 2020

Wells Fargo hires BNY Mellon executive as CFO

Mike Santomassimo will succeed John Shrewsberry as the bank prepares to cut costs

Topic
  • News
  • July 16, 2020

The key for advisers still working from home? It’s digital

With back-to-office plans in flux, the acceleration of digital-driven processes among advisers is a trend for the long haul

Topic
  • News
  • July 14, 2020

Wells Fargo reports drop in advisers, assets for Q2

Wells Fargo Advisors says it is focused on hiring bigger producing teams

Topic
  • News
  • July 13, 2020

Wells Fargo bans TikTok over cybersecurity concerns

The bank identified a small number of employees with corporate-owned devices who had installed the video-sharing application

Topic
  • News
  • June 30, 2020

Wells Fargo to cut its dividend

Other big banks are maintaining their dividend payments in the wake of new Fed restrictions