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Wells Fargo Nears Deal Around $3 Billion to End Probes
Wells Fargo & Co. is poised to pay roughly $3 billion to settle federal investigations into a range of consumer abuses that were rampant at the bank for years, according to a person with direct knowledge of the matter......»»
Wells Fargo ends forced arbitration for sexual harassment claims
Wells Fargo & Co on Wednesday ended its forced arbitration policy for employee sexual harassment claims, opening the lender to potential lawsuits in the future......»»
Facebook reports "good quarter," mixed metrics/messages, says Wells Fargo
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
Wells Fargo"s new chief pledges more cost cuts as profit slumps
Wells Fargo & Co's profit slumped 55% in the fourth quarter as new boss Charles Scharf set aside another $1.5 billion for legal costs related to the bank's sales scandal and promised "fundamental changes.".....»»
Wells Fargo"s new chief promises more change as profit slumps
Wells Fargo & Co's profit slumped 55% in the fourth quarter as new boss Charles Scharf set aside another $1.5 billion for legal costs related to the bank's sales scandal and promised "fundamental changes"......»»
Wells Fargo quarterly profit slumps as legal costs mount
Wells Fargo & Co reported a 55% slump in fourth-quarter profit on Tuesday, as the fallout from a sales scandal that erupted in 2016 drove the bank to set aside another $1.5 billion toward legal expenses......»»
What to expect as Wells Fargo, Bank of America line up to report earnings this week
A flurry of earnings reports from the nation's biggest banks begins today, including the most prominent financial institutions in Charlotte. Wells Fargo & Co. (NYSE: WFC) is among several of the industry's largest players on deck to report on Tuesday.....»»
Wells Fargo struggles to update old systems with modern technology, WSJ reports
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
Railcar leasing becomes "weak spot" for U.S banks like Wells Fargo, WSJ reports
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
Hedge Funds Aren’t Crazy About Wells Fargo & Company (WFC) Anymore
As we already know from media reports and hedge fund investor letters, hedge funds delivered their best returns in a decade. Most investo.....»»
The Wall Street Journal: Bill Fouse, who helped launch indexing for institutional investors, dies at 91
As a Wells Fargo executive, he pioneered techniques for lowering costs and allocating assets.....»»
Wells Fargo disappoints Wall Street as legal costs mount
Wells Fargo & Co missed third-quarter profit estimates on Tuesday as mortgage income sank and the fourth-largest U.S. bank by assets braced for additional legal expenses tied to a sales practices scandal that erupted more than three years ago......»»
Wells Fargo profit slumps 26% on legal costs
Wells Fargo & Co reported a 26% slump in quarterly profit on Tuesday, as mortgage income sank and it braced for additional legal expenses tied to a sales practices scandal that erupted more than three years ago......»»
Wells Fargo quarterly profit slumps 26% on legal costs
Wells Fargo & Co reported a 26% fall in quarterly profit on Tuesday, as the lender braced for additional legal expenses tied to a sales practices scandal that erupted more than three years ago......»»
Wells Fargo reports Q3 EPS with-items 92c, may not compare to consensus $1.14
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
Wells Fargo interim boss may get role permanently, FT reports
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
Dell Technologies reports "strong" Q2 results, says Wells Fargo
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
S.F.-based Wells Fargo cutting 400 out-of-state jobs
Wells Fargo & Co. is scaling back operations at a customer service center in Shoreview, Minn., a move that will result in 400 job cuts in the coming months. The Star Tribune reports on the cuts by San Francisco-based Wells Fargo (NYSE: WFC), which d.....»»
Wells Fargo cutting 400 jobs in Shoreview
Wells Fargo & Co. is scaling back operations at a customer service center in Shoreview, Minn., a move that will result in 400 job cuts in the coming months. The Star Tribune reports on the cuts by San Francisco-based Wells Fargo (NYSE: WFC), which d.....»»
Big banks beat estimates
Investors bought financial stocks after JPMorgan Chase, Goldman Sachs and Wells Fargo pumped out quarterly profit that easily beat Wall Street's estimates. Fred Katayama reports......»»