Wells Fargo
Wells Fargo
Wells Fargo is one of the largest banks in the United States, with approximately $1.9 trillion in balance sheet assets. The company is split into four primary segments: consumer banking, commercial banking, corporate and investment banking, and wealth and investment management.
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The firm’s chief executive began setting the stage last year when he broke the company’s three business lines into five.
January 5 -
The firm has about 200,000 staffers doing their jobs from home, a spokesman said.
December 17 -
The unit could fetch more than $3 billion, according to people familiar with the matter.
December 15 -
Alterations include higher hurdles for cash pay, a grid stretch for deferred compensation and new bonuses.
December 10 -
The former wirehouse team oversaw $1.15 billion and will staff a newly opened office for the regional BD.
November 19 -
Former CEO John Stumpf agreed to pay a $2.5 million penalty to settle civil charges tied to the bank’s fake-accounts scandal. Former community bank head Carrie Tolstedt did not agree to a settlement and is now facing a lawsuit that alleges she committed fraud.
November 13 -
It’s at least the second time in just a few weeks that the firm has sought to limit the expense of rewarding well-paid employees.
November 5 -
The firm expects to receive bids this month, according to a person familiar with the matter.
October 23 -
The firm determined that the staffers defrauded the SBA “by making false representations in applying for coronavirus relief funds for themselves.”
October 15 -
Charlie Scharf’s insensitive and factually incorrect remark perpetuates a damaging trope, financial advisor Lazetta Braxton writes.
September 29
