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Will Wells Fargo be sidelined in SBA’s relief efforts for small business?

Wells Fargo's Fed-imposed asset cap could sharply limit the bank's role in the government's efforts to help small businesses survive the downturn. Wells advises customers: Stay tuned......»»

Category: topSource: bizjournalsApr 3rd, 2020

Wells Fargo to close some branches in Bay Area and beyond amid coronavirus outbreak

The diminishing role of bank branches is evident in the speed with which banks are closing some branches amid the contagion......»»

Category: topSource: bizjournalsMar 19th, 2020

Wells Fargo snags another TD Bank executive for key role

W.....»»

Category: topSource: bizjournalsMar 16th, 2020

Wells Fargo to raise its minimum wage. Here"s what it means for Houston workers

Wells Fargo & Co. (NYSE: WFC) will raise its minimum wage for hourly workers to a range of $15 to $20 per hour, depending on where the job is based, the financial giant said March 4. Employees in high-cost markets such as San Francisco and New York wil.....»»

Category: topSource: bizjournalsMar 6th, 2020

Wells Fargo to raise its minimum wage for workers nationwide

Wells Fargo said Wednesday that it will raise the minimum wage for its hourly workers to a range of $15 to $20 per hour, based on where the job is based. The bank said employees in high-cost markets such as San Francisco and New York will earn $20. Wo.....»»

Category: topSource: bizjournalsMar 5th, 2020

CBJ Morning Buzz: Charlotte trails other major cities on transit ranking; Primary results cement NC as battleground; New gig for former Wells Fargo CEO

Driving a car to work each day costs more than using public transit, according to a recent analysis by Clever Real Estate, but the latter takes a significantly larger chunk of commuters' time — and that's even in cities with top-notch transportati.....»»

Category: topSource: bizjournalsMar 4th, 2020

Wells Fargo To Pay $35M For Recommending High Risk Investments To Vulnerable Clients

The United States Securities and Exchange Commission has ordered Wells Fargo & Company (NYSE: WFC) to pay $35 million in compensation to some of the bank's clients. read more.....»»

Category: blogSource: benzingaFeb 28th, 2020

SEC orders Wells Fargo pay $35 million for recommendations of high-risk products

The U.S. Securities and Exchange Commission said on Thursday it ordered Wells Fargo & Co to pay $35 million to settle charges it failed to adequately supervise investment advisers who were recommending high-risk products......»»

Category: topSource: reutersFeb 27th, 2020

U.S. SEC orders Wells Fargo pay $35 million for recommendations of high-risk products

The U.S. Securities and Exchange Commission said on Thursday it had ordered Wells Fargo & Co to pay $35 million to settle charges it failed to adequately supervise investment advisers who were recommending high-risk products......»»

Category: topSource: reutersFeb 27th, 2020

Former Wells Fargo CEO fined $17.5M for sales scandal

Federal regulators have slapped former Wells Fargo Chief Executive John Stumpf with a $17.5 million fine for his role in the bank's sales practices scandal. Stumpf also accepted a lifetime ban from the banking industry......»»

Category: topSource: moneycentralJan 23rd, 2020

U.S. bank regulator charges ex-Wells Fargo executives for role in sales scandal

Wells Fargo & Co's U.S. regulator on Thu.....»»

Category: topSource: reutersJan 23rd, 2020

Bank regulator charges ex-Wells Fargo executives for role in sales scandal

Wells Fargo & Co's regulator.....»»

Category: topSource: reutersJan 23rd, 2020

Former Wells Fargo CEO barred from industry, other execs charged for role in phony account scandal

Former CEO John Stumpf was also hit with a $17.5 million civil penalty......»»

Category: topSource: foxnewsJan 23rd, 2020

Ex-Wells Fargo CEO banned from banking, must pay $17.5M fine for role in fake-accounts scandal

The former CEO of Wells Fargo can never work for a bank again and must pay a $17.5 million fine for his role in the bank's .....»»

Category: topSource: usatodayJan 23rd, 2020

Former Wells Fargo CEO fined $17.5 million for sales scandal

Federal regulators have slapped former Wells Fargo chief executive John Stumpf with a $17.5 million fine for his role in the bank's sales practices scandal......»»

Category: topSource: moneycentralJan 23rd, 2020

Former Wells Fargo CEO fined $17.5 million for sales scandal

Federal regulators have slapped former Wells Fargo chief executive John Stumpf with a $17.5 million fine for his role in the bank's sales practices scandal......»»

Category: topSource: moneycentralJan 23rd, 2020

OCC seeks fines and bans against 5 ex-Wells Fargo executives, bans former CEO Stumpf for life

The Office of the Comptroller of the Currency issued a notice of charges against five former Wells Fargo & Co. executives on Thursday, for their role in a sales.....»»

Category: topSource: marketwatchJan 23rd, 2020

Regulator charges ex-Wells Fargo executives for role in sales scandal

Wells Fargo & Co's.....»»

Category: topSource: reutersJan 23rd, 2020

Job cuts, divestitures likely as new Wells Fargo CEO continues to grapple with high expenses

“Just to be clear, we are well aware that our expense levels are significantly too high,” new CEO Charlie Scharf told analysts Tuesday......»»

Category: topSource: bizjournalsJan 14th, 2020

Former Comerica CFO tapped for role at Wells Fargo

Wells Fargo said Friday it has hired Muneera Carr, former chief financial officer at Comerica, as controller, effective Jan. 6. The Comerica (NYSE: CMA) executive joins Wells Fargo (NYSE: WFC) as the San Francisco bank fills several senior roles wi.....»»

Category: topSource: bizjournalsDec 16th, 2019