Wells Fargo Profit Shrinks
Wells Fargo’s net income for the first quarter of 2024 demonstrated the negative dynamic of decline.
Wells Fargo
Wells Fargo CEO Says About Potential Consequences of Fed Asset Cap
Chief Executive Officer of Wells Fargo & Co. Charlie Scharf said that the limitation of the assets of the Federal Reserve System is currently not a factor of significant influence on the process of activity of the financial institution he heads, but suggests that the situation will change in the future.
Former CEO Sues Wells Fargo
The former CEO of Wells Fargo, Tim Sloan, filed a lawsuit against this financial institution demanding compensation, the amount of which is more than $34 million.
Wells Fargo Reportedly Grapples With Obligations to Enhance Monitoring of Financial Crime
The media reports that Wells Fargo is currently making efforts to improve its system for monitoring crimes committed in the financial environment.
Wells Fargo Predicts Continued US Economic Slowdown
Wells Fargo, following the results of the third quarter of this year, recorded an increase in net charge-offs, a decrease in the demand for loans, and a decline in the average volume of deposits.
Wells Fargo & Centerbridge Offer Loans to Middle-Market Companies
To meet the alternative credit needs of middle-market businesses, Centerbridge and Wells Fargo formed a strategic partnership, diversifying the market of clients served by private credit and direct lending.
Wells Fargo States About Humility of Corporate Borrowers with High Interest Rates
Wells Fargo is of the opinion that corporate borrowers are ready to put up with an increase in interest rates.
Wells Fargo to Pay $1 Billion to Settle Investor Lawsuit
Wells Fargo will pay $1 billion as part of the settlement of a lawsuit filed by investors in connection with the situation with authorized customer accounts.
SEC Accuses Wells Fargo of Overcharging Nearly 11,000 Investment Accounts With Advisory Fees
The Securities and Exchange Commission on Friday, August 25, reported that Wells Fargo has for many years used the practice of illegally overcharging almost 11,000 investment advisory accounts in the amount of about $27 million.
Deposits Reportedly Disappear From Wells Fargo Bank Accounts
Wells Fargo is currently solving a technical problem, as a result of which, according to reports in social media, direct deposits began to disappear from the bank accounts of customers of this financial institution.
Wells Fargo Reportedly Works With Borrowers as Office Sector Struggles
The media reports that Wells Fargo management expects that the activities of this financial institution in the field of real estate lending will have a negative result in the form of losses.
SEC Hits Former Wells Fargo Community Bank Lead With $3 Million Fine
In the United States, the Securities and Exchange Commission on Tuesday, May 30, announced an agreement with the former head of the Community Bank Wells Fargo & Co. Carrie L. Tolstedt.
Wells Fargo Reaches $1 Billion Settlement With Shareholders
Wells Fargo & Co has decided to pay $1 billion to settle the court agreement.
More Wall Street Giants Back Versana Syndicated Loan Platform
Deutsche Bank, Morgan Stanley, US Bank, and Wells Fargo have become the latest representatives of the financial services industry to support the Versana syndicated lending platform.
Wells Fargo Launches Digital Platform for Wealth Management Customers
Wells Fargo has announced the imminent launch of a digital platform for money management and money tracking.
US Biggest Banks Teams Up to Take On Apple and PayPal
The largest US banks are joining forces to create a digital wallet.
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