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Wells Fargo CEO Scharf unveils massive business restructure

Wells Fargo & Co. CEO Charles Scharf is making moves as he tries to rid the San Francisco-based bank of ongoing problems since its fake-accounts scandal emerged in 2016. Scharf is splitting the bank's organizational structure into five parts: Cons.....»»

Category: topSource: bizjournalsFeb 12th, 2020

Wells Fargo announces major restructuring, splitting bank into five units, each with own CEO

Wells Fargo & Co. CEO Charles Scharf is making moves as he tries to rid the San Francisco-based bank of ongoing problems since its fake-accounts scandal emerged in 2016. Scharf is splitting the bank's organizational structure into five parts: Cons.....»»

Category: topSource: bizjournalsFeb 11th, 2020

Wells Fargo CEO hands down massive business restructure

Wells Fargo & Co. CEO Charles Scharf is making moves as he tries to rid the San Francisco-based of its ongoing problems. Scharf is splitting the bank's organizational structure into five parts: Consumer and Small Business Banking, Commercial Banking.....»»

Category: topSource: bizjournalsFeb 11th, 2020

Wells Fargo to overhaul reporting lines: WSJ

Wells Fargo & Co is overhauling its reporting lines, marking Chief Executive Officer Charles Scharf's first move to stamp out the structure implicated in its fake-account scandal, The Wall Street Journal reported on Tuesday......»»

Category: topSource: reutersFeb 11th, 2020

CBJ Morning Buzz: New BMW dealership in town; Lowe"s changes pay structure for workers; Retailer closing all stores, including one in Charlotte

CBJ Morning Buzz: New BMW dealership in town; Lowe"s changes pay structure for workers; Retailer closing all stores, including one in Charlotte.....»»

Category: topSource: bizjournalsJan 22nd, 2020

EBay stock falls after Wells Fargo turns bearish

Shares of eBay Inc. are off 1% in premarket trading Friday after Wells Fargo analyst Brian Fitzgerald downgraded the stock to underweight from equal weight in a note titled: "Value Stock Or Melting Ice Cube?" He sees an unattractive risk-reward scena.....»»

Category: topSource: marketwatchJan 17th, 2020

United Natural Foods downgraded at Wells Fargo amid challenged risk/reward

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.....»»

Category: blogSource: theflyonthewallJan 17th, 2020

How Did Wells Fargo & Company (WFC) Compare Against Hedge Fund Darlings in 2019?

Many investors, including Paul Tudor Jones or Stan Druckenmiller, have been saying before last year’s Q4 market crash that the stock mark.....»»

Category: topSource: insidermonkeyDec 29th, 2019

Swedbank revamps management after money laundering probe

Swedbank said on Monday its chief risk officer was leaving as the Swedish bank's new CEO revamps its structure to regain customer trust after a money laundering scandal sent its shares down 40% in the past year......»»

Category: topSource: reutersDec 9th, 2019

Wells Fargo to lay off hundreds in San Francisco area — will they land in Charlotte?

Wells Fargo & Co. said Friday that it will lay off 350 people at an office in the San Francisco area, saying that it wanted to boost efficiency as the bank's lease on the space was ending. “Wells Fargo has made the difficult decision to close our Con.....»»

Category: topSource: bizjournalsOct 22nd, 2019

Wells Fargo names new commercial banking market executive for Albany, Connecticut

Kevin Burke, who has been with Wells Fargo for 16 years, was promoted to oversee both markets as commercial banking market executive, including offices in Albany as well as Greenwich, Hartford and Shelton, Connecticut......»»

Category: topSource: bizjournalsSep 12th, 2019

Executives from BayCare, Wells Fargo and more named to Leadership Pasco 2020 class

Thirty-four business and community leaders have been chosen for Leadership Pasco's class of 2020. Over 10 months, members participate in full-day program sessions, tours and conversations with community leaders to broaden their local understanding of t.....»»

Category: topSource: bizjournalsSep 5th, 2019

Charlotte-based exec chosen to help lead new group at Wells Fargo

A local Wells Fargo & Co. (NYSE: WFC) executive was recently tapped to lead the eastern division of the bank's newly formed Food, Beverage and Agribusiness group, which is part of the specialized industries division of commercial banking.  Shann.....»»

Category: topSource: bizjournalsSep 5th, 2019

Wells Fargo revamps leadership of key operations

San Francisco-based Wells Fargo shuffled executives in its consumer banking and wealth management units as the bank seeks to recover from a series of scandals. Wells Fargo's interim CEO Allen Parker acknowledged in a statement that the moves are des.....»»

Category: topSource: bizjournalsAug 1st, 2019

Wells Fargo Sees Downside Risk To Mohawk Industries" EPS, Margins In Second Half

Mohawk Industries, Inc. (NYSE: MHK) faces intensifying competition despite softening demand in its end markets, and this could lead to production curtailments and inventory correct.....»»

Category: blogSource: benzingaJul 29th, 2019

Wells Fargo tempers cost-cutting outlook

Wells Fargo & Co reported higher quarterly earnings on Tuesday, due in part to lower expenses, but the bank reined in its outlook for cost cuts to invest in improving its risk management......»»

Category: topSource: reutersJul 16th, 2019

Market right in seeing rebate news as risk to pharmaceuticals, 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.....»»

Category: blogSource: theflyonthewallJul 11th, 2019

Wells Fargo says has in place "the leaders we need" to drive process forward

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.....»»

Category: smallbizSource: nytMay 30th, 2019

Malibu Boats risk/reward attractive at current levels, 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.....»»

Category: blogSource: theflyonthewallMay 10th, 2019

THE LIST: Charlotte"s largest financial-planning, wealth-management firms

This week’s Charlotte Business Journal lists Charlotte’s financial-planning firms, ranked by number of Certified Financial Planners. Wells Fargo Advisors PCG tops the list with 34 Certified Financial Planners in its Charlotte-area offices, followe.....»»

Category: topSource: bizjournalsApr 26th, 2019