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New Fed rules put Wells Fargo dividend at risk
The restrictions relate bank dividends to recent earnings, and Wells Fargo's earnings slumped 89% in the first three months of the year
Federal Reserve caps bank dividends
Bank buybacks are also banned through the third quarter; Wells Fargo seen most at risk for dividend cut
Wells Fargo sells $3 billion alternatives platform to iCapital
Following an industry trend, the bank will leverage iCapital's technology to offer a white-label platform to clients
Wells Fargo ties pay of top execs to improving diversity
CEO Scharf sets a goal of doubling black leaders at the bank within the next five years
Wells Fargo’s market value is down $220 billion since Fed cap
The limit the Fed imposed on the bank's assets are hitting harder as corporate customers draw down credit lines amid the pandemic
Wells Fargo adds SECURE Act-friendly 401(k) annuity service
The firm will act as a fiduciary for insurance provider selection for qualified longevity annuity contracts
Wells Fargo reduces minimums on robo platform
Fees for Intuitive Investor cut to 30 basis points for preferred customers
Wells Fargo earnings point to a tough 2020
First-quarter performance shows weakness across the board in the bank's wealth management business
Wells Fargo suspends job cuts
It joins Citigroup and Morgan Stanley, as well as some European banks, in pledging to preserve jobs amid the pandemic
Wells Fargo to give extra pay to most U.S. workers amid crisis
The bank will make payments to workers who earn less than $100,000 and were employed by Wells for all of 2019
Wells Fargo named in new 401(k) lawsuit
The company has been sued again over its use of its own products in its retirement plan
Wells Fargo CEO tells lawmakers bank has ‘sense of urgency’
Charles Scharf told the House Financial Services Committee that the bank had a 'flawed business model' and that its 'culture was broken'
Wells Fargo’s chair quits ahead of Capitol Hill hearing
Betsy Duke is scheduled to appear before the House Financial Services Committee Wednesday
Wells Fargo cuts outlook for brokerages amid outbreak
The report slashed share price estimates by 22% on average
Market plunge tests performance of target-date funds
Managers made several changes following the 2008 crisis, including reducing allocations to high-yield bonds and equities
Wells Fargo Advisors imposes account fee on more clients
Households now need $500,000 in assets, up from $250,000, for Wells Fargo to waive the fee
Wells Fargo pays $3 billion to settle federal probes
The deal allows the bank to avoid a criminal conviction for its sales abuses
Wells Fargo nears deal to end federal probes
The bank will pay about $3 billion to settle the government's investigations into a range of consumer abuses
Wells Fargo ends mandatory arbitration for sexual harassment claims
The change follows discussions with stakeholders and a shareholder proposal last year on the practice from Clean Yield Asset Management
Wells Fargo reorganizes business lines
Jon Weiss, the head of wealth and investment management, has been named CEO of corporate and investment banking
